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The Grove at Bloomingdale 517 Straford Dr 2,500 - 50,000 SF of 4-Star Retail Space Available in Bloomingdale, IL 60108
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500-50,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
A complete transformation of the Bloomingdale's Stratford Square Mall will become known as The Grove at Bloomingdale, a fully functional mixed use and entertainment project that will change the landscape of the major western suburb. Commercial/Retail: Over 136,000 square feet of retail and commercial space across 22 distinct units. Restaurant/Tavern: A thriving dining scene with 10 restaurants, offering a variety of spaces that total 83,550 square feet. Service (Co-working offices): A modern co-working office space of 29,000 square feet designed to cater to professionals and small businesses. Hotel: A 5-floor hotel featuring 220 rooms, making it a convenient option for travelers and visitors. Recreational/Civil/Social: Recreational and social spaces totaling over 71,500 square feet. Residential: 352 residential units, offering modern living accommodations, distributed across 10 buildings with a total of 96,900 square feet of living space.
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 50,000 SF | Total Land Area | 8.71 AC |
| Min. Divisible | 2,500 SF | Year Built | 2027 |
| Property Type | Retail | Construction Status | Final Planning |
| Gross Leasable Area | 150,000 SF |
| Total Space Available | 50,000 SF |
| Min. Divisible | 2,500 SF |
| Property Type | Retail |
| Gross Leasable Area | 150,000 SF |
| Total Land Area | 8.71 AC |
| Year Built | 2027 |
| Construction Status | Final Planning |
ABOUT THE PROPERTY
A complete transformation of the Bloomingdale's Stratford Square Mall will become known as The Grove at Bloomingdale, a fully functional mixed use and entertainment project that will change the landscape of the major western suburb. Commercial/Retail: Over 136,000 square feet of retail and commercial space across 22 distinct units. Restaurant/Tavern: A thriving dining scene with 10 restaurants, offering a variety of spaces that total 83,550 square feet. Service (Co-working offices): A modern co-working office space of 29,000 square feet designed to cater to professionals and small businesses. Hotel: A 5-floor hotel featuring 220 rooms, making it a convenient option for travelers and visitors. Recreational/Civil/Social: Recreational and social spaces totaling over 71,500 square feet. Residential: 352 residential units, offering modern living accommodations, distributed across 10 buildings with a total of 96,900 square feet of living space.
NEARBY MAJOR RETAILERS
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The Grove at Bloomingdale | 517 Straford Dr
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