Flyer - eSpaceListings.com
Transcription
Flyer - eSpaceListings.com
DOWNTOWN LEASING OPPORTUNITY 311 Portage Avenue—Winnipeg, Manitoba Represented Exclusively By: Colliers’ Retail Services Group—Winnipeg Colliers Pratt McGarry, John Prall Independent Broker Colliers Pratt McGarry, Kris Mutcher (Retail Leasing) 5th Floor—305 Broadway Winnipeg, Manitoba R3C 3J7 PH: (204) 943-1600 FAX: (204) 943-4793 Our Knowledge is your Property WINNIPEG. MANITOBA 311 PORTAGE AVENUE PROPERTY DETAILS: MUNICIPAL ADDRESS: 311 Portage Avenue Winnipeg, Manitoba LOCATION: The subject property is located on the northwest corner of Portage Avenue and Donald Street. LEGAL DESCRIPTION: Lot 424-425 Block 3 Plan 129 Parish Lot 1 STJ ZONING: M (Multiple Use Sector) - Downtown Winnipeg Zoning By-Law # 100/2004 12-HOUR TRAFFIC COUNT (1999): Portage @ Donald 48,006 REALTY TAXES: $ 53,865.22 BUILDING FOOTPRINT: 11,310 sq. ft. per floor BUILDING AREA: 22,620 sq. ft. on two floors; plus a basement area adequate for storage. Our Knowledge is your Property W I N N I P E G, M A N I TO B A 311 PORTAGE AVENUE OFFERING DETAILS LEASE RATE: $ 10.00 per square foot, on a rentable area of 22,620 sq. ft. UTILITIES: The tenant will pay all utility charges directly to the utility company. The owner will attempt to obtain and provide utility charges for the building for the last 2 year period. AGENCY DISCLOSURE: Colliers Pratt McGarry, John Prall* and Colliers Pratt McGarry represent the Owner of the subject property and do not represent prospective Purchasers or Tenants. BUILDING LOCATION: 311 Portage is well located on Portage Avenue at the northwest Corner of Donald Street and Portage Avenue in the heart of Downtown Winnipeg. 311 Portage is located across Portage Avenue from Winnipeg’s new MTS Centre Entertainment Complex which opened in November 2004 with a seating capacity of 15,500 people. Situated east of the property across Donald is a newer Mountain Equipment Co-op building opened in 2001. Other retail in the area on or near Portage Avenue is a 12,000 sq. ft. Red Apple Clearance centre, a 10,000 sq. ft. Bargain Shop, and a 16,000 sq. ft. Giant Tiger store that opened in 2003. Further west is Portage Place Shopping Centre anchored by Staples, McNally Robinson Booksellers, Landmark Theatres, IMAX, Shoppers Drug Mart, and a mix of national and local retailers. BUILDING DESCRIPTION: The building has been completely renovated in 1999 with new mechanical, electrical, and fire protection systems. The building has 5 roof top gas fired heating and cooling units with 2 serving the second floor, two serving the main floor and one serving the basement. The ceilings on both floors are exposed to the underside of the second floor and the underside of the second floor roof deck with suspended fluorescent and incandescent lighting fixtures and suspended fully distributed heating and cooling ducting. The inside of the exterior walls are typically painted drywall. The second floor has two strips of sky lights running in a East/West direction. The Second floor has two raised floor areas underneath the above mentioned sky lights. Access to the second floor and basement is provided by a hydraulic elevator, and fire code stairways plus an escalator connecting the first floor to the second floor and customer friendly stairway coming down. The building has two sets of customer entrance doors with proper weather protection vestibules. No on site parking exists, and loading is off of the back lane with no designated loading parking area. Building improvement specifications including mechanical, electrical, fire protection systems, elevator access and structural upgrades will be made available upon specific request by a purchaser or tenant upon acceptance of an offer to Purchase or Lease. RETAIL | INDUSTRIAL | OFFICE | INVESTMENT | MARKET RESEARCH This brochure does not purport to be all inclusive or to contain all the information that a prospective purchaser/tenant may require to deciding whether or not to buy/lease the property. Information contained herein has been obtained from various sources deemed reliable. We have no reason to doubt its accuracy but neither the Owner/Landlord nor Colliers Pratt McGarry, nor Colliers Pratt McGarry, John Prall* (herein collectively referred to as “the Agent”) make any representations, declarations or warranties, expressed or implied, as to the accuracy or completeness of the information or statements contained herein. The Owner/Landlord and the Agent expressly disclaim any and all liability for any errors or omissions in the brochure or any other written or oral communications transmitted or made available to prospective purchasers/tenants. The property is subject to prior sale, lease, withdrawal or changes without notice. Prospective purchasers/tenants are strongly advised to undertake a thorough review of all important facts relative to the property. Agency Disclosure: Colliers Pratt McGarry, John Prall* represents the Owner/Landlord and does not represent prospective purchasers/tenants in the sale/lease of the property. W I N N I P E G, M A N I TO B A 311 PORTAGE AVENUE Market Overview: The Winnipeg downtown core is undergoing significant changes, as the City has made downtown development a primary concern. This focus has lead in part to the decision of Manitoba Hydro to develop a new 690,000 sq. ft. head office at an estimated Building cost of approximately 250 Million dollars on Portage Avenue, the development of the new Credit Union Central of Manitoba offices at 317 Donald, the opening of a new 15,500 seat entertainment centre (MTS Centre) and the opening of many new retailers in the downtown area (Staples, MEC, and Giant Tiger). On the other side of the downtown core, the City has promoted the re-development of the Exchange District, which is located just north and east of the subject property and is designated a UNESCO world heritage site, with a major landscaping overhaul of Waterfront Drive located along the Red River, the addition of a 6,000+ seat Baseball stadium (CanWest Global Park) and the construction of a new 116 suite Hotel located at the Forks Marketplace. Several heritage buildings have been renovated and leased for offices (200 Waterfront Drive, 136 Market, and 365 Hargrave). The City also passed the new Downtown By-Law 100 to encourage development by allowing for larger projects with fewer restrictions. New residential projects have been opened and more are underway most of which are located in the Exchange District (mostly condominium rather than rental apartment). There are currently four major residential condominium projects under construction along Waterfront Drive. Elsewhere in the downtown area the Red River College opened their 225,000 sq. ft. downtown campus on Princess Ave in 2004, which is now home to over 2000 students and 200 staff members. This adds to the University of Winnipeg’s presence and now means that there are over 12,000 post secondary students attending classes on a daily basis in downtown Winnipeg. FOR ADDITIONAL INFORMATION PLEASE CONTACT: Colliers Pratt McGarry 5th Floor, 305 Broadway Winnipeg, MB R3C 3J7 Canada Tel: 204-943-1600 Fax: 204-943-4793 Website: www.colliers.mb.ca According to Centre Venture, which is an arms-length agency of the City of Winnipeg, that promotes business investment, development and economic growth in downtown Winnipeg over 68,000 people currently work in the downtown area. Summary of the above and other notable projects recently completed or in process: - Colliers Pratt McGarry, John Prall* jprall@colliers.mb.ca *Colliers Pratt McGarry, John Prall and Colliers Pratt McGarry are affiliated brokers. Kris Mutcher kmutcher@colliers.mb.ca - Millennium Library Renovation and addition - $17 M, completed 2005, located one block from 311 Portage on Donald Street. Manitoba Hydro Building – 690,000 sq. ft. located two blocks east of 311 Portage, construction commenced, and expected to be completed 2008, with 2000 employees minimum. Credit Union Central Building located across Donald from 311 Portage – 90,000 sq. ft. with 200 employees completed Fall 2004. Carlton Call Centre for Manitoba Health in Free Press Building behind Portage Place Mall National Research Council for Bio-diagnostics Indian And Northern Affairs Canada office building 100 Princess Avenue condominium project Travelers Bldg condominiums Hotel/Condominium project – across form Convention Centre Powerhouse building (Restaurant/Bar with 3 floors of office space connected to MTS Centre) CKY relocation from Polo Park to a new building behind the MTS Centre next to the Powerhouse Restaurant New Moxies Restaurant in MTS Centre directly across from 311 Portage Other New Shoppers Drug Mart located in Portage Place—Opening Fall 2007 Our Knowledge is your Property SUBJECT NEWPORT POWERHOUSE W I N N I P E G, M A N I TO B A EG N IP E N I W UAR SQ SUBJECT W I N N I P E G, M A N I TO B A BAN NAT NU E UE RT PO E AG E AV E NU SUBJECT T WA N AVE AV E ET TRE ICE ELL AM E CANWEST GLOBAL BALL PARK IN S MA NO TR ED YNE AVE NUE E RIV TD N O FR ER EXCHANGE NEW ARENA MB HYDRO N AVE HE NC VE O PR UE LEV OU RB D AR AM AH GR R MA UE AY IN S MA ET THE FORKS TACHE AVENUE DW OA BR TRE E NU AVE S LD NA O D RK YO TRE ET ST. VEN YA LEGISLATIVE BUILDINGS GOULET STREET MARION STREET W I N N I P E G, M A N I TO B A