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Market Overviews

Market Overviews. ICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania Idea Exchange August 2013 Presented By: Bob Gold Vice President, CBRE. West Virginia. Market Fast Facts Population – 1,855,364 Growing Areas Morgantown, Bridgeport, Clarksburg, Charleston Major Employers

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Market Overviews

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  1. Market Overviews ICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania Idea Exchange August 2013 Presented By: Bob Gold Vice President, CBRE

  2. West Virginia • Market Fast Facts • Population – 1,855,364 • Growing Areas • Morgantown, Bridgeport, Clarksburg, Charleston • Major Employers • Wal Mart, West Virginia United Health System, Charleston Area Medical Center, Kroger, Consolidation Coal Company, Mylan Pharmaceuticals, Inc. • Regional Draws • West Virginia University Robert Gold, CBRE Vice President 412 316 2397 robert.gold@cbre.com

  3. West Virginia’s 10 Largest Sub-Markets Wheeling (WV), St Clairsville (OH) Martinsburg Morgantown Parkersburg (WV)Marietta (OH) Charleston Fairmont Clarksburg/Bridgeport Huntington (WV), Ashland (KY) Bluefield Beckley

  4. WV Market Development • New Projects Statewide • The Gateway / Morgantown • UTC Phase II / Morgantown • Suncrest Towne Ctr II / Morgantown • Plaza at Morgantown Mall / Morgantown • White Oaks / Clarksburg - Bridgeport • Clarksburg 50 Commons / Clarksburg • Newpointe Development / Clarksburg • Cabela’s / Charleston • Plaza at Grand Central Mall / Vienna • Martinsburg Mall / Martinsburg • Lowe’s Plaza / Buckhannon

  5. Morgantown University Towne Centre • New Interchange Planned for 2015 • Baseball Park • Retail Pads Available • Business Park • University Towne • Centre Phase II • Morgantown Mall Pad • Development The Gateway WV University UTC Phase II New Business Park Development Proposed Interchange

  6. Clarksburg White Oaks Charles Pointe Meadowbrook Mall Clarksburg 50 Plaza Emily Drive

  7. Martinsburg Mall

  8. Charleston • Cabela’s – 2nd in WV • 6 Outlots • Existing Home Depot, Restaurants and Hotel

  9. 2013/2014 Retailers Expanding Sporting Goods Fitness Furniture Mattress Convenience Stores

  10. 2013/2014Retailers Expanding Coffee Pharmacy / Health Grocery Discounters / Dollar Stores

  11. 2013/2014 Retailers Expanding in West Virginia

  12. 2013/2014Restaurants Expanding Casual Dining QSR Fast Casual / Family Dining

  13. 2013 / 2014 RestaurantsExpanding in West Virginia

  14. Summary • Regional Malls are re-Tenanting • High Investment Activity – National Investors Discovering WV • Smart Development • Pre-Leasing • Smaller Projects • Low Vacancy • High Demand • Higher Land & Development Costs • Marcellus Shale Fueling Retail, Restaurant Sales & Hotel Expansion

  15. Link to ICSC website where presentations and tenant info can be found

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