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Hinman and AVB have developed a 13,400 SF upscale neighborhood retail center at Greenspire located on Centre Avenue in Portage. This site offers exceptional visibility, high traffic counts, and strong demographics.
SPECIAL NOTES: 1/2 commission paid 30 days after lease execution, 1/2 upon rent commence. Renewal commissions only paid to tenant's broker if continue to act as tenant's exclusive broker of record. Full commission rate paid yrs 1-5, 50% yrs 6-10, none after 10 yrs. Subject to LL approval of Tenant's use & credit.
LANDLORD PROVIDES: None
TENANT PROVIDES: A/C, Electric, Gas/Heat, Insurance, Phone, Janitorial, Refuse Removal, Sewer, Snow Removal, Taxes, Water - Area description: DIRECTIONS: W. Centre Avenue, just east of US-131. - Number of buildings: 1 - Number of units: 8 - Tenancy: Multiple Tenants
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The typical asking rate per listing is in the $10's per square foot per year. The Portage region is experiencing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% increase in rent.
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