RETAIL LEASING & SALES TEAM
RETAIL LEASING & SALES TEAM CBRE IS EXCITED TO PRESENT…
RETAIL AND OFFICE SPACE FOR LEASE 385 FAIRWAY ROAD SOUTH, KITCHENER, ON PROPERTY DETAILS Location:
Located on the south side of Fairway Road South, just west of Highway 8 in Kitchener, ON
Available Units:
Retail: 960 sq. ft. Office: 1,420 sq. ft. to 4,935 sq. ft.
Asking Rent:
Retail: $25.00 per sq. ft. net Office: $15.00 per sq. ft. net
TMI:
Estimated to be $8.11 PSF for 2014 for Retail space and $10.11 per sq. ft. for Office space
Comments:
Located in a Canadian Tire anchored plaza. Future addition of major grocery store anchor Area retailers include Best Buy, Walmart, Winners, HomeSense, Golftown, Leon's, and many other national tenants Site is located opposite the 746,000 Fairview Park Mall (Avg nonanchor sales of $563 per sq. ft. for 2012) and captures the southern portion of the Kitchener/Waterloo trade area.
Prepared by: Greg Rabin*
Associate Vice President 416-495-6306 [email protected]
Steven Weiss* LL.B, MBA Associate Vice President 416-495-6317 [email protected]
Matthew Pieszchala
Sales Representative 416-495-6278 [email protected]
Michelle Weir
Sr. Client Services Assistant 416-495-6225 [email protected]
*Sales Representative CBRE Limited | Brokerage | 2001 Sheppard Avenue East | Suite 300 | Toronto, ON M2J 4Z8 | T 416 494 0600 | F 416 494 6435
Matthew Jackson*
Sales Associate 416-495-6294 [email protected]
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON MARKET OVERVIEW : COMPETITION & LOCAL BUSINESSES
FAIRVIEW PARK MALL
STBX
SUBJECT PROPERTY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON SITE PLAN
Fairway Road
Wilson Avenue
Future Grocery Store
Cross Access
960 sq. ft. Available
South View
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON EXTERIOR ELEVATION & RENDERING
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON FLOOR PLAN – REMAINING VACANCY (RETAIL)
960 sq. ft.
South View
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON OFFICE TOWER SECOND FLOOR PLAN REAR PARKING
Suite 202 Suite 200B
Suite 203
LOBBY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
Unit 200B – 3,205 SF (divisible to 1,420 SF) Unit 202 – 4,935 SF (divisible to 2,307 SF) Unit 203 – 4,874 SF
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON TECH UNIT FLOOR PLAN – SUITE 200B
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON MEDICAL OFFICE FLOOR PLAN – SUITE 202
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON OFFICE FLOOR PLAN – SUITE 203
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON TRASIT MAP
REGION OF WATERLOO RAPIT TRANSIT The Region of Waterloo Rapid Transit system is set for completion in 2017, and a station is planned approximately less than 200 meters from the Property. The Light Rail Transit (LRT) system will connect the tri-cities from North Waterloo through Uptown and Downtown Kitchener, ending at Fairview Park Mall. The adapted bus rapid transit system (aBRT) will connect the LRT system with Cambridge through to the Ainslie Street Terminal via the Fairview Park Mall station.
SITE
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON SUPPORTING INFORMATION - DEMOGRAPHICS
2012 ESTIMATES & PROJECTIONS
385 Fairway Rd S Trade Area
385 Fairway Road South
2013 ESTIMATES & PROJECTIONS
1 km
2 km
3 km
TOTAL POPULATION
224,861
TOTAL POPULATION
8,280
24,707
49,033
HOUSEHOLDS
88,737
HOUSEHOLDS
3,630
10,383
20,390
AVERAGE HOUSEHOLD INCOME
$84,794
AVE HOUSEHOLD INCOME
$62,024
$61,677
$77,319
DAYTIME POPULATION
197,579
DAYTIME POPULATION
7,350
29,700
49,354
283
935
1,597
TOTAL BUSINESSES
6,751
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
TOTAL BUSINESSES
RETAIL LEASING & SALES TEAM CBRE IS EXCITED TO PRESENT…
RETAIL SALES & LEASING
OUR TEAM
Our Team
Significant Team Assignments •
Sale of ground floor commercial condominium units for Monarch Group in the highly sought after Nautilus Condominiums on Lakeshore near Parklawn
•
Disposition of former bank branches for CIBC and TD Canada Trust
•
Leasing 41,000 square feet retail development at Queensway & 427, Toronto (Queensway 427 Centre) anchored by Bed, Bath and Beyond
•
Leasing 150,000 square foot retail centre in King City (King Ridge Market Place)
•
Leasing & sales assignments for over 35 retail properties in the GTA
Steven Weiss* LL.B, M.B.A.
Greg Rabin*
•
Managing Shell Canada's Acquisition Program in Ontario & across the country
Associate Vice President
Associate Vice President
•
Handling the disposition of over 100 Shell Canada properties throughout Ontario
Matthew Pieszchala
Michelle Weir
•
Opened 6 Panera Bread Cafes in 2012-2013 with a minimum of 30 additional locations anticipated in the future
Sales Representative
Senior Client Services Assistant
•
Leasing of the 50,000 square feet Dixie Crossing in Mississauga ON
•
Disposition/Sublease of surplus retail stores for Rona, Office Depot & Sears Canada
•
Represents Canadian Tire Corporation on seven owned plazas in Bolton, Brampton, Cambridge, Kitchener, Newmarket, Port Hope and Stouffville.
•
Represents Ren’s Pet Depot for new locations in Ontario
•
Leasing of 15,000 square feet for Dominus/City of Brampton in the southwest quadrant renewal program in downtown Brampton
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca January 2015 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 [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
LANDLORD REPRESENTATION SALES & LEASING RETAIL INVESTMENT TENANT REPRESENTATION DEDICATED PROFESSIONALS R E T A I L PROJECT LEASING EXPERIENCE EXPERT ADVICE Steven brings over 20 years experience in real estate law, sales and leasing. He joined CBRE in 2008 and has worked with national & local accounts on the sale of real estate as well as leasing assignments throughout Ontario. Greg joined CBRE Limited from Dallas, Texas in 2010, bringing 27 years of retail experience including tenant representation, site acquisition, and retail development. Matthew is the newest addition to the Retail Listings Team. He is a recent Honors Graduate from the Real Estate & Housing Program at the University of Guelph. Michelle joined CBRE in 2007 bringing with her more then 20 years of client services experience and an unparalleled passion and energy for customer service.
RETAIL AND OFFICE SPACE FOR LEASE 385 FAIRWAY ROAD SOUTH, KITCHENER, ON PROPERTY DETAILS Location:
Located on the south side of Fairway Road South, just west of Highway 8 in Kitchener, ON
Available Units:
Retail: 960 sq. ft. Office: 1,420 sq. ft. to 4,935 sq. ft.
Asking Rent:
Retail: $25.00 per sq. ft. net Office: $15.00 per sq. ft. net
TMI:
Estimated to be $8.11 PSF for 2014 for Retail space and $10.11 per sq. ft. for Office space
Comments:
Located in a Canadian Tire anchored plaza. Future addition of major grocery store anchor Area retailers include Best Buy, Walmart, Winners, HomeSense, Golftown, Leon's, and many other national tenants Site is located opposite the 746,000 Fairview Park Mall (Avg nonanchor sales of $563 per sq. ft. for 2012) and captures the southern portion of the Kitchener/Waterloo trade area.
Prepared by: Greg Rabin*
Associate Vice President 416-495-6306 [email protected]
Steven Weiss* LL.B, MBA Associate Vice President 416-495-6317 [email protected]
Matthew Pieszchala
Sales Representative 416-495-6278 [email protected]
Michelle Weir
Sr. Client Services Assistant 416-495-6225 [email protected]
*Sales Representative CBRE Limited | Brokerage | 2001 Sheppard Avenue East | Suite 300 | Toronto, ON M2J 4Z8 | T 416 494 0600 | F 416 494 6435
Matthew Jackson*
Sales Associate 416-495-6294 [email protected]
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON MARKET OVERVIEW : COMPETITION & LOCAL BUSINESSES
FAIRVIEW PARK MALL
STBX
SUBJECT PROPERTY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON SITE PLAN
Fairway Road
Wilson Avenue
Future Grocery Store
Cross Access
960 sq. ft. Available
South View
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON EXTERIOR ELEVATION & RENDERING
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON FLOOR PLAN – REMAINING VACANCY (RETAIL)
960 sq. ft.
South View
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON OFFICE TOWER SECOND FLOOR PLAN REAR PARKING
Suite 202 Suite 200B
Suite 203
LOBBY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
Unit 200B – 3,205 SF (divisible to 1,420 SF) Unit 202 – 4,935 SF (divisible to 2,307 SF) Unit 203 – 4,874 SF
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON TECH UNIT FLOOR PLAN – SUITE 200B
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON MEDICAL OFFICE FLOOR PLAN – SUITE 202
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON OFFICE FLOOR PLAN – SUITE 203
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON TRASIT MAP
REGION OF WATERLOO RAPIT TRANSIT The Region of Waterloo Rapid Transit system is set for completion in 2017, and a station is planned approximately less than 200 meters from the Property. The Light Rail Transit (LRT) system will connect the tri-cities from North Waterloo through Uptown and Downtown Kitchener, ending at Fairview Park Mall. The adapted bus rapid transit system (aBRT) will connect the LRT system with Cambridge through to the Ainslie Street Terminal via the Fairview Park Mall station.
SITE
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
FOR LEASE – 385 FAIRWAY ROAD SOUTH, KITCHENER ON SUPPORTING INFORMATION - DEMOGRAPHICS
2012 ESTIMATES & PROJECTIONS
385 Fairway Rd S Trade Area
385 Fairway Road South
2013 ESTIMATES & PROJECTIONS
1 km
2 km
3 km
TOTAL POPULATION
224,861
TOTAL POPULATION
8,280
24,707
49,033
HOUSEHOLDS
88,737
HOUSEHOLDS
3,630
10,383
20,390
AVERAGE HOUSEHOLD INCOME
$84,794
AVE HOUSEHOLD INCOME
$62,024
$61,677
$77,319
DAYTIME POPULATION
197,579
DAYTIME POPULATION
7,350
29,700
49,354
283
935
1,597
TOTAL BUSINESSES
6,751
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
TOTAL BUSINESSES
RETAIL LEASING & SALES TEAM CBRE IS EXCITED TO PRESENT…
RETAIL SALES & LEASING
OUR TEAM
Our Team
Significant Team Assignments •
Sale of ground floor commercial condominium units for Monarch Group in the highly sought after Nautilus Condominiums on Lakeshore near Parklawn
•
Disposition of former bank branches for CIBC and TD Canada Trust
•
Leasing 41,000 square feet retail development at Queensway & 427, Toronto (Queensway 427 Centre) anchored by Bed, Bath and Beyond
•
Leasing 150,000 square foot retail centre in King City (King Ridge Market Place)
•
Leasing & sales assignments for over 35 retail properties in the GTA
Steven Weiss* LL.B, M.B.A.
Greg Rabin*
•
Managing Shell Canada's Acquisition Program in Ontario & across the country
Associate Vice President
Associate Vice President
•
Handling the disposition of over 100 Shell Canada properties throughout Ontario
Matthew Pieszchala
Michelle Weir
•
Opened 6 Panera Bread Cafes in 2012-2013 with a minimum of 30 additional locations anticipated in the future
Sales Representative
Senior Client Services Assistant
•
Leasing of the 50,000 square feet Dixie Crossing in Mississauga ON
•
Disposition/Sublease of surplus retail stores for Rona, Office Depot & Sears Canada
•
Represents Canadian Tire Corporation on seven owned plazas in Bolton, Brampton, Cambridge, Kitchener, Newmarket, Port Hope and Stouffville.
•
Represents Ren’s Pet Depot for new locations in Ontario
•
Leasing of 15,000 square feet for Dominus/City of Brampton in the southwest quadrant renewal program in downtown Brampton
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca January 2015 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 [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
LANDLORD REPRESENTATION SALES & LEASING RETAIL INVESTMENT TENANT REPRESENTATION DEDICATED PROFESSIONALS R E T A I L PROJECT LEASING EXPERIENCE EXPERT ADVICE Steven brings over 20 years experience in real estate law, sales and leasing. He joined CBRE in 2008 and has worked with national & local accounts on the sale of real estate as well as leasing assignments throughout Ontario. Greg joined CBRE Limited from Dallas, Texas in 2010, bringing 27 years of retail experience including tenant representation, site acquisition, and retail development. Matthew is the newest addition to the Retail Listings Team. He is a recent Honors Graduate from the Real Estate & Housing Program at the University of Guelph. Michelle joined CBRE in 2007 bringing with her more then 20 years of client services experience and an unparalleled passion and energy for customer service.
