Catylist ID: #29820112
800 Federal Road - Brookfield Village
Retail-Commercial for Lease
|Catylist Listing ID:||29820112|
|Property Subtypes:||Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub|
|Contiguous Space:||1,335 - 9,000 SF|
|Total Available:||1,335 SF|
|Building Size (RSF):||1,280 SF|
|Gross Building Area:||9,000 SF|
|Gross Land Area:||3.50 Acres|
$18 PSF (Annual)
|Base Monthly Rent:||$2,002|
|Building Name:||Brookfield Village|
|Usable Size (USF):||1,250 SF|
Overview / Comments
“Brookfield Village” is a multi-phased, mixed-use Retail/Commercial/Residential Development Project located at the Brookfield Town Center District emerging growth and robust development area.
The project spans over 3.5 acres with frontage at 800 Federal Rd. Brookfield Village is Brookfield’s new premier “Town Center District” Master planned Revitalization Project providing a charming village community concept on Federal Road. The Master Planned Village concept will now be the new “go to” destination for restaurants, food services and personal service locations for many area residents as the project is developed and completed.
The Brookfield Village Project includes four new buildings when completed with 72 apartments and 26,000 sf of street level commercial space.
The Brookfield Village project is within the Town Center District Zone allowing many uses including restaurants, food/coffee services, professional/personal services such as salons, spas, retail, medical related uses.
The initial Brookfield Village Phase 1 first two buildings are now completed. The leasing program has been successful in producing quality tenants; Phase 1 is currently 83% pre-leased with lease commitments from Subway, Rich’s Ice Cream Dairy, LaPiazza Italian restaurant, Travelling Chic Boutique and Honeymoon nail salon . All of these new tenants are scheduled to be built out and completed during 2018. Two spaces in Phase 1 remain to be leased. Building #1 on Federal Rd. has a space with 1,280sf. Building #4 on Station Rd. has a 755sf space available. The success of the leasing at Phase 1 has encouraged the developer to initiate the Phase 2 pre-leasing marketing program that is currently under way.
When Phase 2 is built, it will contain two buildings fronting on Federal Rd. separated by a large open plaza. These two buildings, similar in design to the recently built building on Federal Rd. will contain two floors of apartments above with first level commercial space designed to have substantial outdoor patio and plaza access. This is a desired design for the many restaurants and retail operations who now require adjacent outdoor displays and patio dining. Currently, the plan is for completion of the two Phase 2 buildings in early2020.
Rents are in the range of $19/S.F. to $26/S.F. NNN. Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases. This substantial build-out will allow the tenant to design and build out quality space for their business needs. In addition, 100% of Brookfield’s Real Estate Tax Abatement is being credited to the Tenant for the duration of the 7 year tax abatement allowing for very competitive rent rates on the project.
The regional public transportation bus stop is directly in front of the Brookfield Village on Federal Road. The location provides easy access from Rte. 25, Super 7 & I-84 via exit #7.
Call George Walker today to reserve your space. 203-733-0692.
Attachments & Media
Expand All Available Space
|Suite: Brookfield Village||1,335 SF||$18 PSF (Annual) NNN|
|Space Available:||1,335 SF|
|Max Contiguous:||9,000 SF|
$18 PSF (Annual)
|Space Description:||Highly visible end cap unit of 1,sf space ideal for retail, medical or personal services in the center of the Brookfield Village complex of buildings. This Commercial space unit is sized to fit a tenant’s specific requirement. Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases. This substantial build-out will allow the tenant to design and build out quality space for their business needs. In addition, 100% of Brookfield’s Real Estate Tax Abatement is being credited to the Tenant for the duration of the 7 year tax abatement allowing for very competitive rent rates on the project.|
|Space Subcategory:||Neighborhood Center, Medical|
|Lease Term:||60 Months|
|Tax Expenses||$0.70 PSF (Annual)|
|CAM Expenses||$3.50 PSF (Annual)|
|Rent Escalators||Step-Up Lease|
|Rent Escalators Description||3% per year|
|Tenant Improvements Allowance||$60|
|Taxing Authority:||Brookfield, CT|
|Zoning:||TCD - TOWN CENTER DISTRICT|
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation|
|Property Located Between:||Route 25 and Route 7|
|Side of Street:||West|
|Largest Nearby Street:||Federal Road|
|Transportation:||Bus, Highway, Taxi|
|Highway Access:||Easy and direct access from Rte. 25, Super 7 & I-84 via exit #7.|
|Airports:||Hartford- 1 hour, NYC- LaGuadia- 1.5 hour|
|Site Description:||Topo of the site is flat. Convenient and substantial parking is at your doorstep. There is a bus stop directly in front of the Brookfield Village on Federal Road. Utilities include Eversource Electric, Charter Cable/Internet, natural gas, and Municipal water & sewer.|
|Area Description:||The Town Center district formerly known as the Four Corners area has seen significant changes during the past few years evolving into a desirable commercial location for restaurants, personal services or other commercial business to locate. For example, the vehicle traffic count has dramatically increased from a mere 4,000 vehicles per day shortly after the Rte. 7 bypass was opened in 2009, eight years ago. A substantial increase in the traffic count has developed since then and today it is approaching 15,000 vehicles per day driving past the Brookfield Village project. Traffic counts are important to commercial tenants. Adjacent to the Brookfield Village, the Town of Brookfield recently completed the first phase of the planned Streetscape Project adding new infrastructure including sidewalks, street lighting, landscaping, and road widening up to the threshold of the Project. The New England style Streetscape was designed to complement the attractive Brookfield Village project architectural features. As an added bonus feature to the Brookfield Village project is the recent development of the Still River Greenway Trail for biking, runners and walkers. This Trail is currently a huge success used by many families and hundreds of users each week to utilize this bucolic and verdant trail. Plans are in motion to extend the Greenway Trail up to the doorstep of Brookfield Village bringing many potential customers to the commercial tenants.|
|Total Number of Buildings:||4|
|Number of Stories:||3|
|Typical SF / Floor:||9,000 SF|
|Exterior Description:||Attractive and charming architectural design to blend in with the surrounding area.|
|Total Parking Spaces:||150|
|Parking Description:||Flat surface parking directly adjacent to the buildings|
|Heat Type:||Natural Gas|
|Air Conditioning:||Package Unit|
|Internet Access:||Cable, DSL, T1/T3|
|Interior Description:||Pre-leasing includes a substantial build-out allowance for 5 and 10 year leases. This substantial build-out will allow the tenant to design and build out quality space for their business needs.|
|Zoning Description:||Town Center District- The TCD zone allows many uses including professional services, retail, restaurants, spas, medical related uses, food/ coffee services, medical uses and offices. Allows substantial outdoor dining patios and plaza.|
|Part of Planned Development?:||Yes|
|Proximity:||1 mile||3 miles||5 miles|
J. Michael StrunaAdvantage Realty Commercial CTCList Member
George F. WalkerAdvantage Realty Commercial Not a member of CTCList
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