retail space available for lease
BROADWAY MARKET LOFTS 327-331 NORTH BROADWAY (HISTORIC THIRD WARD) MILWAUKEE, WI
RETAIL SPACE AVAILABLE FOR LEASE
MARIANNE BURISH Executive Vice President D 414.270.4109 C 414.305.3070 E [email protected]
100 East Wisconsin Avenue, Suite 1630 Milwaukee, WI 53202 T 414.225.9700 W www.transwestern.com/milwaukee
GENERAL INFORMATION
A new mixed use redevelopment in the heart of the Historic Third Ward offering immediate proximity to Anthropologie, West Elm, the Milwaukee Public Market, and many other fine retailers. Three right-sized street level entry retail spaces will soon be available in this beautiful turn of the century set of cream city brick and heavy timber buildings. Call Marianne Burish today to discuss your company space requirements or to schedule a tour. Property Address
327-329-331 N. Broadway
Space Offering
Retail Space 1 (331 N. Broadway): Retail Space 2 (329 N. Broadway): Retail Space 3 (327 N. Broadway): Retail Space 4 (Address TBD): TOTAL AVAILABLE:
Availability – Landlord Turnover Date
Immediate to 90 days
Net Lease Rate (NNN)
$27.00/SF Broadway Street; $20.00/SF Retail Space 4 only (behind Francesca’s—SUPER COOL!!)
Tenant Improvements
Negotiable to qualified credit and other deal terms
Real Estate Taxes & Operating Expenses (NNN’s): Landlord’s Turnover Condition Clear Height
2,362 SF 2,454 SF 1,316 SF – LEASED (Francesca’s) 710 SF 6,842 SF
$7.50/SF 2017 Estimated Loft grey-box 14’6” (15’4” to deck)
Utilities Electricity Gas Service Water & Sewer Exterior Signage/Identification
Payable by Tenant Payable by Tenant Payable by Landlord (special uses excepted) Yes. Exterior building signage available at street entry. Subject to approval by Landlord and the Architectural Review Board (ARB) of the Historic Third Ward (HTW)
Dedicated Entries at Street
Yes
Parking
Limited; please inquire
Minimum Lease Term
Five (5) Years
Neighborhood
• • • • • • •
High profile site in Milwaukee’s desirable Historic Third Ward Just around the corner from the Milwaukee Public Market Within walking distance of dozens of neighborhood amenities and restaurants The Third Ward is a regional retail and entertainment district Steps away from the St. Paul branch of the Milwaukee street car High ceilings and sought after cream city brick and timber charm Fantastic area co-tenancies includes Anthropologie, Lululemon, Starbucks, Pendleton, West Elm, Warby-Parker, Restoration Hardware, and many more national, regional, and local retailers
All information is furnished from sources judged to be reliable; however, no guarantee is made as to its accuracy or completeness.
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 2
FLOOR PLAN
See next page for details on Retail Space 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 3
FLOOR PLAN – RETAIL SPACE 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 4
ELEVATIONS
(i.e. Broadway Street East Exposure)
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 5
ELEVATIONS
(i.e. Broadway Street West Exposure)
New Elevation for Retail Space 4 (see next page)
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 6
NEW ELEVATION FOR RETAIL SPACE 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 7
PROPOSED RETAIL SIGNAGE
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 8
LOCATION MAPS
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 9
AERIAL PHOTOGRAPH
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 10
DEMOGRAPHICS Population 2014 2019
0.5 Mile 2,862 3,200
1 Mile 12,435 13,175
3 Miles 198,551 201,646
2014 2019
0.5 Mile 1,720 1,926
1 Mile 7,022 7,420
3 Miles 77,517 79,191
2014 2019
0.5 Mile $93,249 $120,345
1 Mile $67,986 $84,767
3 Miles $41,629 $49,634
0.5 Mile 1,453 29,835 2,881
1 Mile 3,680 84,232 12,489
3 Miles 8,666 164,680 196,663
Households
Average Household Income
Data for Business in Area Total Businesses Total Employees Total Residential Population
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 11
Transwestern
WISCONSIN REALTORS® ASSOCIATION 4801 Forest Run Road, Madison, WI 53704
Effective July 1, 2016
DISCLOSURE TO NON-RESIDENTIAL CUSTOMERS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Prior to negotiating on your behalf the brokerage firm, or an agent associated with the firm, must provide you the following disclosure statement: DISCLOSURE TO CUSTOMERS You are a customer of the brokerage firm (hereinafter Firm). The Firm is either an agent of another party in the transaction or a subagent of another firm that is the agent of another party in the transaction. A broker or a salesperson acting on behalf of the Firm may provide brokerage services to you. Whenever the Firm is providing brokerage services to you, the Firm and its brokers and salespersons (hereinafter Agents) owe you, the customer, the following duties: (a) The duty to provide brokerage services to you fairly and honestly. (b) The duty to exercise reasonable skill and care in providing brokerage services to you. (c) The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law. (d) The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the information is prohibited by law (see lines 42-51). (e) The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your confidential information or the confidential information of other parties (see lines 23-41). (f) The duty to safeguard trust funds and other property held by the Firm or its Agents. (g) The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals. Please review this information carefully. An Agent of the Firm can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector. This disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a plain-language summary of the duties owed to a customer under section 452.133(1) of the Wisconsin statutes. CONFIDENTIALITY NOTICE TO CUSTOMERS The Firm and its Agents will keep confidential any information given to the Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person would want to be kept confidential, unless the information must be disclosed by law or you authorize the Firm to disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the Firm is no longer providing brokerage services to you. The following information is required to be disclosed by law: 1. Material Adverse Facts, as defined in Wis. Stat. § 452.01(5g) (see lines 42-51). 2. Any facts known by the Firm or its Agents that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you may list that information below (see lines 35-41) or provide that information to the Firm or its Agents by other means. At a later time, you may also provide the Firm or its Agents with other Information you consider to be confidential. CONFIDENTIAL INFORMATION:
NON-CONFIDENTIAL INFORMATION (the following information may be disclosed by the Firm and its Agents):
(Insert information you authorize to be disclosed, such as financial qualification information.) DEFINITION OF MATERIAL ADVERSE FACTS A "Material Adverse Fact" is defined in Wis. Stat. § 452.01(5g) as an Adverse Fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party's decision to enter into a contract or agreement concerning a transaction or affects or would affect the party's decision about the terms of such a contract or agreement. An "Adverse Fact" is defined in Wis. Stat. § 452.01(1e) as a condition or occurrence that a competent licensee generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property; or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction. NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov or by telephone at 608-240-5830. No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction. Drafted by Attorney Debra Peterson Conrad Copyright © 2016 by Wisconsin REALTORS ® Association Transwestern, 252 E. Highland Ave. Milwaukee, WI 53202 Dan Walsh
Phone: 414-225-97004112
Fax:
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026
Broker Disclosure
www.zipLogix.com
RETAIL SPACE AVAILABLE FOR LEASE
MARIANNE BURISH Executive Vice President D 414.270.4109 C 414.305.3070 E [email protected]
100 East Wisconsin Avenue, Suite 1630 Milwaukee, WI 53202 T 414.225.9700 W www.transwestern.com/milwaukee
GENERAL INFORMATION
A new mixed use redevelopment in the heart of the Historic Third Ward offering immediate proximity to Anthropologie, West Elm, the Milwaukee Public Market, and many other fine retailers. Three right-sized street level entry retail spaces will soon be available in this beautiful turn of the century set of cream city brick and heavy timber buildings. Call Marianne Burish today to discuss your company space requirements or to schedule a tour. Property Address
327-329-331 N. Broadway
Space Offering
Retail Space 1 (331 N. Broadway): Retail Space 2 (329 N. Broadway): Retail Space 3 (327 N. Broadway): Retail Space 4 (Address TBD): TOTAL AVAILABLE:
Availability – Landlord Turnover Date
Immediate to 90 days
Net Lease Rate (NNN)
$27.00/SF Broadway Street; $20.00/SF Retail Space 4 only (behind Francesca’s—SUPER COOL!!)
Tenant Improvements
Negotiable to qualified credit and other deal terms
Real Estate Taxes & Operating Expenses (NNN’s): Landlord’s Turnover Condition Clear Height
2,362 SF 2,454 SF 1,316 SF – LEASED (Francesca’s) 710 SF 6,842 SF
$7.50/SF 2017 Estimated Loft grey-box 14’6” (15’4” to deck)
Utilities Electricity Gas Service Water & Sewer Exterior Signage/Identification
Payable by Tenant Payable by Tenant Payable by Landlord (special uses excepted) Yes. Exterior building signage available at street entry. Subject to approval by Landlord and the Architectural Review Board (ARB) of the Historic Third Ward (HTW)
Dedicated Entries at Street
Yes
Parking
Limited; please inquire
Minimum Lease Term
Five (5) Years
Neighborhood
• • • • • • •
High profile site in Milwaukee’s desirable Historic Third Ward Just around the corner from the Milwaukee Public Market Within walking distance of dozens of neighborhood amenities and restaurants The Third Ward is a regional retail and entertainment district Steps away from the St. Paul branch of the Milwaukee street car High ceilings and sought after cream city brick and timber charm Fantastic area co-tenancies includes Anthropologie, Lululemon, Starbucks, Pendleton, West Elm, Warby-Parker, Restoration Hardware, and many more national, regional, and local retailers
All information is furnished from sources judged to be reliable; however, no guarantee is made as to its accuracy or completeness.
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 2
FLOOR PLAN
See next page for details on Retail Space 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 3
FLOOR PLAN – RETAIL SPACE 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 4
ELEVATIONS
(i.e. Broadway Street East Exposure)
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 5
ELEVATIONS
(i.e. Broadway Street West Exposure)
New Elevation for Retail Space 4 (see next page)
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 6
NEW ELEVATION FOR RETAIL SPACE 4
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 7
PROPOSED RETAIL SIGNAGE
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 8
LOCATION MAPS
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 9
AERIAL PHOTOGRAPH
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 10
DEMOGRAPHICS Population 2014 2019
0.5 Mile 2,862 3,200
1 Mile 12,435 13,175
3 Miles 198,551 201,646
2014 2019
0.5 Mile 1,720 1,926
1 Mile 7,022 7,420
3 Miles 77,517 79,191
2014 2019
0.5 Mile $93,249 $120,345
1 Mile $67,986 $84,767
3 Miles $41,629 $49,634
0.5 Mile 1,453 29,835 2,881
1 Mile 3,680 84,232 12,489
3 Miles 8,666 164,680 196,663
Households
Average Household Income
Data for Business in Area Total Businesses Total Employees Total Residential Population
327-331 NORTH BROADWAY MILWAUKEE, WI
| PG 11
Transwestern
WISCONSIN REALTORS® ASSOCIATION 4801 Forest Run Road, Madison, WI 53704
Effective July 1, 2016
DISCLOSURE TO NON-RESIDENTIAL CUSTOMERS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Prior to negotiating on your behalf the brokerage firm, or an agent associated with the firm, must provide you the following disclosure statement: DISCLOSURE TO CUSTOMERS You are a customer of the brokerage firm (hereinafter Firm). The Firm is either an agent of another party in the transaction or a subagent of another firm that is the agent of another party in the transaction. A broker or a salesperson acting on behalf of the Firm may provide brokerage services to you. Whenever the Firm is providing brokerage services to you, the Firm and its brokers and salespersons (hereinafter Agents) owe you, the customer, the following duties: (a) The duty to provide brokerage services to you fairly and honestly. (b) The duty to exercise reasonable skill and care in providing brokerage services to you. (c) The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law. (d) The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the information is prohibited by law (see lines 42-51). (e) The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your confidential information or the confidential information of other parties (see lines 23-41). (f) The duty to safeguard trust funds and other property held by the Firm or its Agents. (g) The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals. Please review this information carefully. An Agent of the Firm can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector. This disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a plain-language summary of the duties owed to a customer under section 452.133(1) of the Wisconsin statutes. CONFIDENTIALITY NOTICE TO CUSTOMERS The Firm and its Agents will keep confidential any information given to the Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person would want to be kept confidential, unless the information must be disclosed by law or you authorize the Firm to disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the Firm is no longer providing brokerage services to you. The following information is required to be disclosed by law: 1. Material Adverse Facts, as defined in Wis. Stat. § 452.01(5g) (see lines 42-51). 2. Any facts known by the Firm or its Agents that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you may list that information below (see lines 35-41) or provide that information to the Firm or its Agents by other means. At a later time, you may also provide the Firm or its Agents with other Information you consider to be confidential. CONFIDENTIAL INFORMATION:
NON-CONFIDENTIAL INFORMATION (the following information may be disclosed by the Firm and its Agents):
(Insert information you authorize to be disclosed, such as financial qualification information.) DEFINITION OF MATERIAL ADVERSE FACTS A "Material Adverse Fact" is defined in Wis. Stat. § 452.01(5g) as an Adverse Fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party's decision to enter into a contract or agreement concerning a transaction or affects or would affect the party's decision about the terms of such a contract or agreement. An "Adverse Fact" is defined in Wis. Stat. § 452.01(1e) as a condition or occurrence that a competent licensee generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property; or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction. NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov or by telephone at 608-240-5830. No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction. Drafted by Attorney Debra Peterson Conrad Copyright © 2016 by Wisconsin REALTORS ® Association Transwestern, 252 E. Highland Ave. Milwaukee, WI 53202 Dan Walsh
Phone: 414-225-97004112
Fax:
Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026
Broker Disclosure
www.zipLogix.com
