RETAIL SPACE FOR LEASE THE TIME HAS COME 90 COLLIER STREET COLLIER CENTRE BARRIE, ON

Transcription

1 RETAIL SPACE FOR LEASE THE TIME HAS COME 90 COLLIER STREET COLLIER CENTRE BARRIE, ON

2 THE OFFERING THE OFFERING Collier Centre and LAKEview condominiums is a mixed use mid-rise development in downtown Barrie with the 7-storey LAKEview Condominiums as its residential component. This mature development is fully approved. The commercial retail and office components of the project is attracting *AAA* Rated anchor tenants such as the now open Bank of Montreal. LAKEview Condominiums has also achieved unprecedented success with 100% of the condominium units already sold. Both the office and residential buildings will have spectacular views of Kempenfelt Bay and Barrie s picturesque downtown. This live, work, play mixed-use project is planned to be a major focal point in Downtown Barrie.

3 PROPERTY OVERVIEW FLOOR PLANS North east corner of Collier Street and Mulcaster Street in downtown Barrie. The site is located adjacent to the Simcoe County Court House and the City of Barrie; City Hall. Collier Centre is approximately 0.5 kilometers from the Kempenfelt Bay. RETAIL A POYNTZ STREET Developer: Fortress Real Developments MECH. RM m² 1347 SF STAIR A STAIR B RES. STORAGE ELEVATOR A Total Retail: Retail A: Retail B: Anchor Level: 8,106 sq. ft. 16,974 sq. ft. 38,115 sq. ft. VEST m² 156 SF OIL STOR m² 141 SF RES. LOCKERS SECURED PARKING ELEVATOR B Possession Date: February 2016 PARKING Size Ranges: Parking: Proposed Use: 1,171 sq. ft. to 6,039 sq. ft. contiguous and 38,115 sq. ft. of retail space Approximately 400 visitor/ commercial parking spaces; pay and display system expected Grocery, restaurants, retail and service uses; patio opportunities exist. Bank of Montreal now open. MULCASTER STREET EXIT CORR. RES. LOCKERS RES. LOCKERS EXIT CORR. GARBAGE / RECYCLING ROOM m² 543 SF RETAIL m² 4650 SF 4,650 SF STAIR C MECH. RM m² 94 SF ELECT. RM m² 491 SF LOADING/RECEIVING SIDEWALK USABLE AREA RETAIL m² 340 SF VEST. ELEV. C PEDESTRIAN WALKWAY RES. BIKE STORAGE STAIR Q STAIR J Retail: Please contact listing agents PARKING Boma Area Legend BUILDING COMMON AREA RETAIL 4A 5, m² SF 5888 SF FLOOR COMMON AREA OFFICE AREA STORE AREA Anchor: TBN STAIR K STAIR H Area Schedule (Boma-Leasing)_p2 Level Name Area Area 2 P2 LEVEL TMI: Estimated at $12.23 per sq. ft. (2016) BANK VEST. & ELE m² 163 SF BMO BANK RETAIL m² 1, SF m² SF 1471 SF RETAIL 5A m² 1,233 SF 1233 SF RETAIL m² 1,430 SF 1430 SF RETAIL 6A 1, m² SF 1746 SF P2 LEVEL BUILDING COMMON 2771 SF m² AREA P2 LEVEL STORE AREA SF m² SF m² Office: 110,242 sq. ft. Residential: 82 Units COLLIER STREET

4 FLOOR PLANS FLOOR PLANS RETAIL LEVEL B COLLIER ST. ANCHOR PODIUM POYNTZ STREET POYNTZ STREET STAIR A STAIR L STAIR A ELECT. RM. BELOW OFFICE LOBBY m² 1645 SF ELEVATOR A VEST. RETAIL m² 1459 SF 1,459 SF STAIR B MECH. RM. ELEVATOR A OUTLINE OF OFFICE TOWER ABOVE OUTLINE OF MEZZANINE FLOOR ABOVE STAIR D LOADING AREA BELOW STAIR D MECH. RM m² 2735 SF RETAIL m² 1380 SF 1,380 SF ELEVATOR B RETAIL 10 Redundant Area Redundant Area ELEVATOR B ELEVATOR B RETAIL 10 MEZZANINE m² 7889 SF 7,889 SF RETAIL m² 1, SF SF RETAIL m² 636 SF 636 SF PARKING CRAWL SPACE ELE. PIT DIAGONAL HATCH DENOTES MEZZANINE FLOOR ABOVE DIAGONAL HATCH DENOTES MEZZANINE FLOOR ABOVE STAIR R ELE. D. STAIR R ELE. D. MULCASTER STREET RETAIL 3A m² 1, SF SF STAIR C BUILDING COMMON AREA m² 973 SF RETAIL m² 2, SF SF STAIR G RETAIL 4 4,608 SF m² 4608 SF RETAIL m² 1604 SF 1,604 SF USABLE AREA RETAIL m² 328 SF VEST ELE. C TELE. RM m² 360 SF STAIR Q STAIR C ELE. C STAIR P ELE. F. Boma Area Legend BUILDING COMMON AREA FLOOR COMMON AREA 2 1 ELE. F. 2nd Floor Mezzanine Level 1 : 150 STAIR C FLOOR COMMON AREA m² 373 SF VEST m² 82 SF STAIR M 2nd Floor Mezzanine Corridor 1 : 150 STAIR P OFFICE AREA STORE AREA Area Schedule (Boma-Leasing)_2nd-2ndA Floor Name Area Area Level 2 2ND FLOOR 2ND AREA STORE SF m² FLOOR SF m² FLOOR 2A FLOOR 2A BUILDING COMMON 2735 SF m² AREA FLOOR 2A FLOOR COMMON AREA 455 SF m² FLOOR 2A STORE AREA 7889 SF m² SF m² ELECT. RM m² 380 SF STAIR J MULCASTER STREET Boma Area Legend BUILDING COMMON AREA RETAIL 4A m² 5, SF SF FLOOR COMMON AREA OFFICE AREA STORE AREA Area Schedule (Boma-Leasing)_p1 STAIR K BANK VEST m² 95 SF STAIR H Level Name Area Area 2 P1 LEVEL P1 LEVEL BUILDING COMMON SF m² AREA P1 LEVEL STORE AREA SF m² SF m² BANK ELE. BANK OFFICE m² 9900 SF COLLIER CENTRE COLLIER STREET COLLIER STREET P1 LEVEL B202

5 OFFICE OVERVIEW OFFICE OVERVIEW OFFICE Class A project - centrepiece of the revitalization in Downtown Barrie Northeast corner of Collier Street and Mulcaster Street Completion scheduled for Fall, 2016 Adjacent to Simcoe County Court House and the City of Barrie City Hall 0.5 km from the Kempenfelt Bay On-site retail to include grocery, restaurants and other retail as well as nearby retail within walking distance Public transit Available Office Space SOUTH WING Unit 1 1,692 sq. ft. Unit 3 1,375 sq. ft. Unit 4 1,924 sq. ft. Unit 5 1,722 sq. ft. Unit 6 4,441 sq. ft. Unit 7 8,177 sq. ft. 19,331 SQ. FT. CONTIGUOUS Asking Rate $19 net per rentable sq. ft. per annum (Years 1-5) $21 net per rentable sq. ft. per annum (Years 6-10) Note: Speak with Listing Team regarding Tenant Inducements Taxes & Operating Costs Estimated to be $13.67 per rentable sq. ft. per annum (for 2016) Parking 5TH FLOOR 6TH FLOOR 14,939 sq. ft. 14,939 sq. ft. 388 Spaces for the office, retail and residential combined 7TH FLOOR 11,256 sq. ft. 8TH FLOOR 10,998 sq. ft. 9TH FLOOR 10,999 sq. ft. 63,131 SQ. FT. CONTIGUOUS Total Rentable Area 110,242 sq. ft. (Office) 85,244 sq. ft. (Retail) Site Area 1.96 Acres

6 MARKET OVERVIEW MARKET OVERVIEW COLLIER CENTRE STATISTICS + + 3RD best place to invest in Ontario Real Estate - Real Estate Investment Network % highest labour force participation rate in Canada, September Stats Can median age of Barrie population - Stats Can + + 3RD largest proportion of college grads in Canada - Stats Can million people living within a 100 mile radius of Barrie AGE DEMOGRAPHICS % % % % % INDUSTRY IN BARRIE % % % % Sinton Transportation 3,000 Simcoe Muskoka Catholic District School Board Wolf/Steel/Napolean Appliance Georgian International Ltd 2,518 Royal Victoria Regional Health Centre Scotiabank 2,250 Georgian College The Source GEEP Group of Companies TOP PRIVATE SECTOR EMPLOYERS 1,049 YMCA of Simcoe -Muskoka 966 City of Barrie TOP PUBLIC SECTOR EMPLOYERS CITY OF BARRIE 2011 Population 143, Population 128,430 Change in Population 5.40% Median Age 37.2 Accommodation & Food Services 4% Admin. Waste & Remediation Services 6% Arts, Entertainment & Recreation 1% Construction 13% Educational Services 1% Finance & Insurance 5% Health Care & Social Assistance 8% Information & Cultural Industries 1% % of Population aged % Population density per sq/km Manufacturing 4% Mgmt. of Companies & Enterprises 3% Other Services 8% Land Area sq/km Average Household Income $86,833 Professional, Scientific & Tech. Services 12% Real Estate, Rental & Leasing 12% Retail Trade 12% Transportation & Warehousing 5% Wholesale Trade 5% Source: Statistics Canada Canadian Business Patterns June 2014

7 MARKET OVERVIEW MARKET OVERVIEW Choice REIT/PenEquity Under Development 15 Maple Avenue 14 storey, 169 unit building COLLIER STREET City Hall Court House 108 Collier Street 1-15 storey, 156 unit building DUNLOP STREET EAST Colliers Centre & Lakeview Condos Walmart Bayview Park Cedar Pointe Business Park 350,857 sq. ft. Wellington Plaza 125,000 sq. ft. COLLIER CENTRE LAKESHORE DRIVE Heritage Park 2 and 6 Toronto Street 2-16 storey, 130 and 132 unit buildings 33 and 37 Ellen Street 2-16 storey, 147 unit buildings 65 and 67 Ellen Street 1-16 storey, 149 unit building 1-17 storey, 174 unit building 140 Dunlop Street E 2-15 storey, 130 and 136 unit buildings 181 Collier Street 1-15 storey, 119 unit building LOCATION OVERVIEW Downtown Barrie is undergoing a revitalization as seen in other markets across Canada. The Lake Simcoe waterfront is a major catalyst to the new development of mid to high rise residential projects. The City of Barrie is actively participating in this initiative with and upgrade of the waterfront park areas and associated hardscapes. Many new residential projects are being contemplated on the underutilized parcels in and near the downtown Barrie core. Walmart

8 FOR MORE INFORMATION: Greg Rabin* Associate Vice President T greg.rabin@cbre.com Steven Weiss* LL.B, MBA Associate Vice President T steven.weiss@cbre.com Matthew Pieszchala Sales Representative T matthew.pieszchala@cbre.com Michelle Weir Client Services Coordinator T michelle.weir@cbre.com *Sales Representative December This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors ( CBRE ). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the Information ) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth