RETAIL LEASING & SALES TEAM
RETAIL LEASING & SALES TEAM CBRE IS EXCITED TO PRESENT…
FOR SALE MARKHAM ROAD & PASSMORE AVENUE Scarborough, ON
For further information, please contact:
Greg Rabin*
Associate Vice President T 416 495 6306 [email protected]
Matthew Pieszchala
Sales Representative T 416 495 6278 [email protected]
Steven Weiss*
Senior Sales Associate T 416 495 6317 [email protected]
Michelle Weir
Senior Client Services Assistant T 416 495 6225 [email protected]
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM PROPERTY DETAILS Legal Description
PT LT 17 CON 5 SCARBOROUGH; PT LT 18 CON 5 SCARBOROUGH AS IN SC103637 EXCEPT SC204199 CONFIRMED BY BA1381; TORONTO , CITY OF TORONTO
Location
568 Passmore Avenue, Toronto Located on the north west corner of Markham Road and Passmore Avenue
Site
Approximately 9.86 acres of land
Proposed Use
Commercial/Retail/Hotel
Zoning
Agricultural (AG); Designated as “General Employment Area” under the Official Plan
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM SURVEY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM OFFICIAL PLAN DESCRIPTION – EMPLOYMENT AREAS General Employment Areas* 3.
General Employment Areas are places for business and economic activities generally located on the peripheries of Employment Areas where, in addition to all uses permitted in a Core Employment Area, retail and service uses, restaurants, fitness centres and ice arenas may also be established.
4.
Major retail developments with 6,000 square metres or more of retail gross floor area may be considered in General Employment Areas outside of the Downtown and Central Waterfront on lots that front onto and have access to major streets as shown on Map 3, through the enactment of a zoning by-law where the following matters are addressed to the City's satisfaction: a) The transportation demands and impacts generated by the development, particularly upon nearby residential neighbourhoods and the Employment Area, are reviewed and necessary improvements and mitigation measures can be completed; b) It is demonstrated that the existing and planned function of the Employment Area and within any nearby Employment Area, including the movement of goods and employees, is not adversely affected;
c) It is demonstrated that the economic health and planned function of nearby retail shopping districts are not adversely affected; d) New public streets and/or private driveways designed to City standards for new streets, as appropriate, are provided adding to the area street network and providing improved pedestrian access and amenity; e) Retail buildings are located with street frontage and direct entrances from the sidewalks of the public streets or private driveways designed to City standards for new streets; f)
Parking located between the retail uses and the public sidewalk is minimized, and parking is located at the flank or rear of the building;
g)
Buildings are a minimum of two storeys; and
h)
The majority of vehicle parking is located below grade and/or in a parking structure with limited visibility from the street.
* The foregoing is an extract from City of Toronto By-Law 1714-2013; information please contact CBRE Limited.
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
For additional
RETAIL LEASING & SALES TEAM ZONING- MAP AND DESCRIPTION
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
STEELES AVENUE 21,183 AADT
PROPOSED TENANTS
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
19,967 AADT
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
21,183 AADT
19,967 AADT
48,658 AADT
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
(WM) BIG BOX RETAILER
NEILSON ROAD
48,658 AADT MARKHAM ROAD
McCOWAN ROAD
BRIMLEY ROAD
(WM) BIG BOX RETAILER
MIDLAND AVENUE
KENNEDY ROAD
BIRCHMOUNT AVENUE
WARDEN AVENUE
VICTORIA PARK AVENUE
11,396 AADT
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM MARKET OVERVIEW – SUPPORTING INFORMATION
2013 ESTIMATES & PROJECTIONS
Markham Rd & Passmore Ave Demographics Drive Times
Markham Rd & Passmore Ave Demographics Drive Times
2013 ESTIMATES & PROJECTIONS
5 minute
10 minute
TOTAL POPULATION
77,214
368,160
TOTAL POPULATION
HOUSEHOLDS
20,202
109,898
HOUSEHOLDS
AVERAGE HOUSEHOLD INCOME
$90,754
$87,519
AVE HOUSEHOLD INCOME
DAYTIME POPULATION
72,315
341,860
DAYTIME POPULATION
TOTAL BUSINESSES
2,316
11,279
TOTAL BUSINESSES
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
1 km
3 km
5 km
3,218
106,284
267,685
837
28,367
75,042
$117,798
$91,436
$89,478
2,279
90,012
222,816
620
2,312
6,698
RETAIL LEASING & SALES TEAM RETAIL SALES & LEASING
CBRE IS EXCITED TO PRESENT…
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 SF Retail Development at Queensway & 427, Toronto (Queensway 427 Centre) Anchored by Bed, Bath and Beyond • Leasing 150,000 SF Retail Centre in King City (King Ridge Market Place) • Leasing & Sales Assignments for over 35 Retail Properties in the GTA • Managing Shell Canada's Acquisition Program in Ontario & Across the Country • Handling the Disposition of Over 100 Shell Canada Properties Throughout Ontario • Opening 6 Panera Bread Cafes in 2012-2013 with a minimum of 30 additional locations anticipated in the future • Leasing of the 50,000 SF Dixie Crossing in Mississauga ON • Disposition/Sublease of Surplus Retail Stores for Rona, Office Depot & Sears Canada • Represents Canadian Tire Corporation on three owned plazas in Kitchener, Cambridge and Brampton • Represents Ren’s Pet Depot for new locations in Ontario • Leasing of 15,000 SF for Dominus/City of Brampton in the southwest quadrant renewal program in downtown Brampton • Listing of Minto’s 150,000 SF Arcadia Development in Kanata (Ottawa), ON For further information, please contact:
Greg Rabin*
Associate Vice President T 416 495 6306 [email protected]
Matthew Pieszchala
Sales Representative T 416 495 6278 [email protected]
Steven Weiss*
Senior Sales Associate T 416 495 6317 [email protected]
Michelle Weir
Senior Client Services Assistant T 416 495 6225 [email protected]
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca 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
Our Team
Steven Weiss*
Greg Rabin*
Senior Sales Associate
Associate Vice President
Matthew Pieszchala
Michelle Weir
Sales Representative
Senior Client Services Assistant
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.
FOR SALE MARKHAM ROAD & PASSMORE AVENUE Scarborough, ON
For further information, please contact:
Greg Rabin*
Associate Vice President T 416 495 6306 [email protected]
Matthew Pieszchala
Sales Representative T 416 495 6278 [email protected]
Steven Weiss*
Senior Sales Associate T 416 495 6317 [email protected]
Michelle Weir
Senior Client Services Assistant T 416 495 6225 [email protected]
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM PROPERTY DETAILS Legal Description
PT LT 17 CON 5 SCARBOROUGH; PT LT 18 CON 5 SCARBOROUGH AS IN SC103637 EXCEPT SC204199 CONFIRMED BY BA1381; TORONTO , CITY OF TORONTO
Location
568 Passmore Avenue, Toronto Located on the north west corner of Markham Road and Passmore Avenue
Site
Approximately 9.86 acres of land
Proposed Use
Commercial/Retail/Hotel
Zoning
Agricultural (AG); Designated as “General Employment Area” under the Official Plan
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM SURVEY
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM OFFICIAL PLAN DESCRIPTION – EMPLOYMENT AREAS General Employment Areas* 3.
General Employment Areas are places for business and economic activities generally located on the peripheries of Employment Areas where, in addition to all uses permitted in a Core Employment Area, retail and service uses, restaurants, fitness centres and ice arenas may also be established.
4.
Major retail developments with 6,000 square metres or more of retail gross floor area may be considered in General Employment Areas outside of the Downtown and Central Waterfront on lots that front onto and have access to major streets as shown on Map 3, through the enactment of a zoning by-law where the following matters are addressed to the City's satisfaction: a) The transportation demands and impacts generated by the development, particularly upon nearby residential neighbourhoods and the Employment Area, are reviewed and necessary improvements and mitigation measures can be completed; b) It is demonstrated that the existing and planned function of the Employment Area and within any nearby Employment Area, including the movement of goods and employees, is not adversely affected;
c) It is demonstrated that the economic health and planned function of nearby retail shopping districts are not adversely affected; d) New public streets and/or private driveways designed to City standards for new streets, as appropriate, are provided adding to the area street network and providing improved pedestrian access and amenity; e) Retail buildings are located with street frontage and direct entrances from the sidewalks of the public streets or private driveways designed to City standards for new streets; f)
Parking located between the retail uses and the public sidewalk is minimized, and parking is located at the flank or rear of the building;
g)
Buildings are a minimum of two storeys; and
h)
The majority of vehicle parking is located below grade and/or in a parking structure with limited visibility from the street.
* The foregoing is an extract from City of Toronto By-Law 1714-2013; information please contact CBRE Limited.
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
For additional
RETAIL LEASING & SALES TEAM ZONING- MAP AND DESCRIPTION
CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
STEELES AVENUE 21,183 AADT
PROPOSED TENANTS
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
19,967 AADT
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
21,183 AADT
19,967 AADT
48,658 AADT
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM
MARKET OVERVIEW
SURROUNDING AREA
(WM) BIG BOX RETAILER
NEILSON ROAD
48,658 AADT MARKHAM ROAD
McCOWAN ROAD
BRIMLEY ROAD
(WM) BIG BOX RETAILER
MIDLAND AVENUE
KENNEDY ROAD
BIRCHMOUNT AVENUE
WARDEN AVENUE
VICTORIA PARK AVENUE
11,396 AADT
(WM) BIG BOX RETAILER
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
RETAIL LEASING & SALES TEAM MARKET OVERVIEW – SUPPORTING INFORMATION
2013 ESTIMATES & PROJECTIONS
Markham Rd & Passmore Ave Demographics Drive Times
Markham Rd & Passmore Ave Demographics Drive Times
2013 ESTIMATES & PROJECTIONS
5 minute
10 minute
TOTAL POPULATION
77,214
368,160
TOTAL POPULATION
HOUSEHOLDS
20,202
109,898
HOUSEHOLDS
AVERAGE HOUSEHOLD INCOME
$90,754
$87,519
AVE HOUSEHOLD INCOME
DAYTIME POPULATION
72,315
341,860
DAYTIME POPULATION
TOTAL BUSINESSES
2,316
11,279
TOTAL BUSINESSES
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca
1 km
3 km
5 km
3,218
106,284
267,685
837
28,367
75,042
$117,798
$91,436
$89,478
2,279
90,012
222,816
620
2,312
6,698
RETAIL LEASING & SALES TEAM RETAIL SALES & LEASING
CBRE IS EXCITED TO PRESENT…
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 SF Retail Development at Queensway & 427, Toronto (Queensway 427 Centre) Anchored by Bed, Bath and Beyond • Leasing 150,000 SF Retail Centre in King City (King Ridge Market Place) • Leasing & Sales Assignments for over 35 Retail Properties in the GTA • Managing Shell Canada's Acquisition Program in Ontario & Across the Country • Handling the Disposition of Over 100 Shell Canada Properties Throughout Ontario • Opening 6 Panera Bread Cafes in 2012-2013 with a minimum of 30 additional locations anticipated in the future • Leasing of the 50,000 SF Dixie Crossing in Mississauga ON • Disposition/Sublease of Surplus Retail Stores for Rona, Office Depot & Sears Canada • Represents Canadian Tire Corporation on three owned plazas in Kitchener, Cambridge and Brampton • Represents Ren’s Pet Depot for new locations in Ontario • Leasing of 15,000 SF for Dominus/City of Brampton in the southwest quadrant renewal program in downtown Brampton • Listing of Minto’s 150,000 SF Arcadia Development in Kanata (Ottawa), ON For further information, please contact:
Greg Rabin*
Associate Vice President T 416 495 6306 [email protected]
Matthew Pieszchala
Sales Representative T 416 495 6278 [email protected]
Steven Weiss*
Senior Sales Associate T 416 495 6317 [email protected]
Michelle Weir
Senior Client Services Assistant T 416 495 6225 [email protected]
*Sales Representative | CBRE Limited, Real Estate Brokerage | 2001 Sheppard Avenue East, Suite 300, Toronto, ON M2J 4Z8 | www.cbre.ca 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
Our Team
Steven Weiss*
Greg Rabin*
Senior Sales Associate
Associate Vice President
Matthew Pieszchala
Michelle Weir
Sales Representative
Senior Client Services Assistant
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.
