3 Portland Square - Retail

Retail-Commercial for Lease
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

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

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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

Contact

Photograph of Listing Agent

Drew Sigfridson, SIOR

The Boulos Company NECPE Member
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