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News release

CINCINNATI AND DAYTON, OH

Streets of West Chester in Ohio Launches Phase II of Retail Development with 200,000-Square-Foot Retail and Entertainment Expansion

LPC Retail selects JLL as marketing partner on expansion to open spring 2016 in conjunction with adjacent Bass Pro Shop development


CINCINNATI AND DAYTON, OH, July 9, 2014 —The number of high quality retail amenities available to residents of the Greater Cincinnati and Dayton, Ohio market will soon get a double dose of development with two new retail locations now launching. The Streets of West Chester is a 167,638-square-foot lifestyle center, located at 9465 on Civic Center Drive. LPC Retail is now kicking off the pre-development leasing and marketing for the second phase of its retail center with a 200,000-square-foot planned expansion slated to open in spring of 2016. The Streets of West Chester expansion will join the opening of the new Bass Pro Shops, beginning construction this summer, adjacent to The Streets, and will provide shoppers with new retail, restaurants and entertainment.

“The development of these two new retail locations represents the largest concentration of boutique-like retail amenities in the West Chester area,” said Judith C. Boyko, Township Administrator of West Chester. “These are the type of retail destinations our diverse and sophisticated residents demand, and we expect both to be very successful footholds in our retail fabric.”

A significant expansion has always been part of the master plan for the Streets of West Chester, according to LPC Retail. The company purchased the center earlier this year, and is moving forward with the original vision for the property, which includes specialty and big box retail space as well as additional restaurant destinations. The first phase of The Streets of West Chester includes 167,638 square feet of premier retail, entertaining and dining amenities. The center is currently anchored by AMC West Chester 18Theatres, Barnes & Noble, P.F. Chang’s China Bistro, Bravo! Cucina Italiana, Mitchell’s Fish Market, and the recently added Ann Taylor LOFT.

“There is a great deal of shopper demand and new development momentum in this area that will benefit our site and our loyal shoppers,” said Phil Pearson, Senior Vice President-Asset Management of LPC Retail. “The addition of Bass Pro Shops adjacent to our property is a huge advantage to our site, as it will expand our access to Allen Road and connect us directly to IKEA and its 36,000 shoppers that come into this area each weekend. We’re well positioned to become the regional hub for high quality retail in the area.”

At the end of 2013, Bass Pro Shops purchased 22 acres just south of the Streets of West Chester for its new store. As a part of the new development, Civic Centre Boulevard will be extended to Allen Road, which crosses over Interstate 75 to IKEA, a major retail draw in the region. 

“We consider this location ground zero for the Greater Cincinnati and Dayton markets, and look forward to serving the entire region with a new retail attraction that will benefit from its proximity to I-275, as well as its adjacency to the existing and future retail amenities,” said Mike Dunham Director of Real Estate at Bass Pro Shop. “We’re beginning construction this summer, with plans to open in 2015.”

To capitalize on the current retail momentum, LPC Retail has appointed JLL’s local retail leasing experts to bring the phase two of its development to life. JLL’s Jenn Williams and Melissa Ruther will spearhead the leasing of the retail expansion. Projected ground-breaking is scheduled for fall 2015 with completion scheduled in spring of 2016.

“The second phase of Streets of West Chester has the right mix of location, demographics and strong consumer demand coming from a growing residential and healthy office market to capture a number of new retailers to fuel this development,” said Larry Kilduff, JLL’s Midwest Retail Market Lead. “Our team has already spoken with a number of retailers who have expressed interest in the regional appeal of this area given northern Cincinnati’s explosive growth.”

Streets of West Chester

The Streets of West Chester is a 168,000-square-foot premier lifestyle shopping center, located in the affluent suburb of West Chester, Ohio, on Interstate-75, just two miles north of the Interstate-275 loop at the new Union Centre Boulevard interchange.  The center opened in 2004 and features fine dining, shopping and entertainment including:  AMC West Chester 18, Barnes & Noble, Bravo! Cucina Italiana, P.F. Chang’s China Bistro, Mitchell’s Fish Market, Chico’s, J. Jill, Jos. A. Bank Clothier, LOFT, Smari Designs and much more.  For additional information visit the center’s website at www.streetsofwestchester.com or Facebook at www.facebook.com/#!/StreetsofWestChester.

JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 850 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 80 retail brokerage experts spanning 20 major markets, representing more than 100 retail clients. As the largest third party retail property manager in the United States, JLL’s retail portfolio has 305 centers, totaling 65.7 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.

For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com.

About LPC Retail
Lincoln Property Company currently maintains a presence in more than 200 cities in the United States and ten countries throughout Europe, in both commercial and residential real estate markets. Lincoln has developed 76 million square feet of commercial office space, over 11 million Square feet of specialty retail space and 54 million square feet of industrial space and currently manages over 148 million square feet of commercial space. Lincoln’s commercial developments are frequently recognized as landmarks in their communities for their design, quality and superior locations.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. For further information, visit www.jll.com.