Irreplaceable location: two time national award-winning power center overlooking Interstate 74 and Sterling Avenue Interchange and the three most heavily traveled arterials in the metropolitan market exceeding 400,000 people. Direct access to interstate off-ramp to Sterling Avenue connects Westlake to Sterling Avenue and Washington Prime's Northwoods Mall, located directly across the street, with whom Westlake shares its main entrance driveways, and which connect to the City of Peoria's three most heavily traveled arterial roads: War Memorial, Sterling, and Glen Avenues. When combined with I-74 Sterling Avenue Interchange, at Westlake's front door are the highest consolidated traffic counts of any shopping center in the entire Peoria metropolitan market. Not surprisingly, the highest concentration of retail stores, restaurants, and hospitality - including the Westlake Marriott - within the market exist within 1 mile of Westlake. Located at the 100 percent retail corner containing the largest shopping centers in the market, since 1973 Westlake has been part of the retail epicenter of regional market exceeding 500,000, and an MSA of 379,940 (Scan/US 2014). A proven location for over 47 years - powered from 1970s through years of double-digit interest rates and hyperinflation of the 80s, the boom years of 90s, the Great Recession, and rising sales per square foot through retail's e-commerce evolution of the 2000s. National award winning redevelopment and expansion in 2004- 2014 turned Peoria's most proven and respected 1970s "across the street from The Mall" shopping center into one of the most beautiful and respected shopping centers in all of Illinois, winning multiple national (ICSC, NAH, ICPI) and local beautification words, refreshed best-of-breed co-tenancy, and the largest interlocking concrete paver parking in the United States. Current national and regional brands best-of-breed Westlake cotenancy includes Ross, Binny's, Guitar Center, Five Guys, UPS, Panera Bread (corporate), Biaggis, ULTA, US Cellular, Humana, Michael's, and more. Shadow anchored by Portillo's. A regional medical hub, Peoria's largest employer is healthcare (as a percentage of total workforce, Peoria employs more healthcare workers than Rochester Minnesota, home to the world-famous Mayo Clinic: 25.5% compared to 23.4% for Rochester MN). The oldest European settlement in Illinois, Peoria headquarters RLI and Maui Jim, and a significant presence with Caterpillar (employing approximate 12,000). Education is the third largest employer, and includes, within the Tri-County region, Bradley University, the University of Illinois School of Medicine at Peoria, Eureka College, Knox College, Illinois Central College, and the OSF Medical and Methodist Medical Schools of Nursing.
Les Cohen
Cohen Development Company
