Catylist ID:
#30576111
| Catylist Listing ID: | 30576111 |
| Property Subtypes: | Street Retail |
| Building Status: | Proposed |
| Contiguous Space: | 2,500 - 20,000 SF |
| Gross Building Area: | 150,000 SF |
| Lease Rate: |
$35 PSF (Annual) |
| Base Monthly Rent: | $58,333 |
| Lease Types: | NNN |
| Ceiling: | 12 ft. |
| In Opportunity Zone? | Yes |
| Building Name: | Three Portland Square |
| Last Updated: | 6/16/2021 |
Overview / Comments
|
The Portland Square campus is located at the center of Portland’s downtown business district. This 150,000± SF Class A office building will be one of the most visible and accessible properties in the entire city. Included as part of the overall development is an adjacent 850-space parking garage that will be connected via a sky bridge to the office building. Environmentally-friendly practices and sustainability are a part of the design providing an upscale image for the occupants in the ground level plaza, lobby and retail spaces. Amenities including access to the outside green space, bicycle storage, shared conference space and a public café will further contribute to the tenant’s Class A experience and environment. The structure will be a glass and masonry design with floor-to-deck ceiling heights of 12’, accentuating the natural light and ability to have flexible ceiling alternatives, open-plenum ceiling or suspended ACT grid. Floor plate sizes of 21,000± SF and a center core will allow for flexibility on subdivision. Companies in the market for a true Class A office environment will find very few options available in downtown Portland. A modern HVAC air-quality system, energy efficient lighting, high-speed fiber and modern amenities with first-class service from a reputable owner and management company will be the standard at Three Portland Square. 5,000 - 84,000± SF of Class A office space available 2,500 - 20,000± SF of ground-floor retail space available 6-level parking garage Terraces, walking paths, and green space throughout the campus Spectacular views of Casco Bay and the Portland skyline |
Attachments & Media
Expand All Available Space
| Suite: First Floor - Retail | 20,000 SF | $35 PSF (Annual) NNN |
| Level/Floor: | First Floor | |
| Space Available: | 20,000 SF | |
| Minimum Divisible: | 2,500 SF | |
| Lease Rate: |
$35 PSF (Annual) $58,333 (Monthly) |
|
| Lease Type: | NNN | |
| Space Description: | Excellent frontage and window lines along Spring Street with dramatic ceiling heights allowing maximum natural light
Unique outdoor courtyard area Ideally located with high pedestrian traffic flow and a Walk Score of 98 DESIGN AND PRECONSTRUCTION Q1 2019 - Q1 2020 PERMITTING Q1 - Q3 2020 CONSTRUCTION COMMENCEMENT Q3 2020 CORE AND SHELL COMPLETION Q2 - Q3 2022 TENANT OCCUPANCY Q4 2022 |
|
| Date Available: | 11/1/2022 | |
| Space Type: | New | |
| Tax Expenses | $1 PSF (Annual) | |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Tax ID/APN: | 05170_038 B001 |
| Zoning: | B-3 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Spring Street |
| Highway Access: | 1-295 |
| Airports: | PWM |
| Site Description: | A premier property in the heart of Portland’s commercial district, offering an unparalleled office and retail opportunity. |
| Area Description: | The historic city of Portland has established itself as the business, financial, medical and retail capital of the state of Maine. It is a progressive, lively city with strong historical significance, modern office buildings, and a diverse local food and art community. Portland’s cobblestone streets and historic architecture blend seamlessly with the newer, more modern developments and evolving social scene that attracts many to this vibrant city every year. Just a short walk from these historic urban settings, you’ll find beautiful seaside parks with sprawling views of Casco Bay and the surrounding islands. With a metro population of 230,000, the Greater Portland area is home to nearly one quarter of Maine’s total population. The population of the city is 66,363. A popular tourism destination, Portland welcomes more than 3.6 million tourists each year. Fueling Portland’s growth is a vibrant entertainment sector which includes over twenty-six (26) craft breweries and approximately 672 renowned restaurants.* During the past few years, Portland has seen tremendous growth with the addition of seven (7) proposed and newly constructed hotels, and more than one thousand proposed and recently built residential condos and apartments. *Source: American Way Magazine - September 2017 |
| Tenancy: | Multiple Tenants |
| Number of Stories: | 9 |
| Typical SF / Floor: | 21,000 SF |
| Parking Type: | Structure |
| Passenger Elevators: | 3 |
| Freight Elevators: | 1 |
| Zoning Description: | B-3 DEOZ |
| Lot Frontage: | TBD |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 23,835 | 74,797 | 111,093 |
| Median Age: | 34.73 | 37.84 | 39.15 |
| Households: | 12,603 | 34,977 | 50,070 |
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