First Interstate Properties -> Retail: Hawthorne Valley

"I can say unequivocally that Hawthorne Valley Shopping Center has been an asset to the community from the day of its grand opening. (First Interstate's) management team has been exemplary in showing how well the corporate and residential communities of any particular municipal corporation can peacefully co-exist to their mutual benefit."

-Mayor Gary Gottschalk
Oakwood Village, Ohio

The development of Hawthorne Valley Shopping Center presented numerous challenges, including the opportunity to coordinate closely with the Ohio Department of Transportation due to the proximity of the property to Interstates 271 and 480. The activities of former owners of the property made it necessary to properly address environmental conditions which affected portions of the site. These unusual conditions, along with First Interstate's goal of properly buffering our activities from adjacent residential neighbors, made for a particularly challenging first development for First Interstate.

Location:		23000 Broadway Ave., Oakwood Village, OH 44146

Major Tenants:		Levin Furniture, Ollie's Bargain Outlet, Sam's Club, Wendy's

Area:		31.4 Acres, 2 buildings totaling 317,000 square feet Three Outlots

Public Improvements:		$230,000 in improvements

Traffic Counts:		24,114 vehicles per day on Broadway Avenue 99,720 vehicles per day at the Broadway interchange on I-271

Completed:		1991

MARKET AREA	1 MILE	3 MILE	5 MILE

Population
2006 Estimate	3,635	38,205	125,138
2011 Projection	3,514	38,207	123,137

Income
2006 Average Household	$49,408	$62,689	$65,844
2006 Median Household	$44,668	$55,131	$58,764

Households
2006 Estimate	1,412	15,737	49,746
2011 Projection	1,362	15,654	48,761

Age
2006 Median	42.5	39.4	39.1

Hawthorne Valley Site Layout
Hawthorne Valley Aerial Map

For leasing information contact Goodman Real Estate Services Group at
(216) 381-8200 or visit them online.

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