Portage Land for Lease - Southern Kalamazoo County
Trade Centre Pad Site is an approximately 1.73 to 3.61-acre build-to-suit/ground lease opportunity located at the corner of main and main in The Trade Centre, a highly visible development, comprising of three high-end office buildings as well as a Black Rock Bar & Grill, Courtyard by Marriott, and Homewood Suites by Hilton, adjacent to the Interstate 94 corridor. This is prime real estate for a full service restaurant, fast casual restaurant, or other retail options. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed developments. Strategically located along Trade Centre Way, the site offers unmatched brand exposure with visibility to over 130,000 daily drivers on Interstate 94 and S Westnedge Avenue, which is one of the busiest stretches of Interstate 94 between Chicago and Detroit. The site also benefits from the area’s dense retail including Lowes, Earth Fare, HomeGoods, and Meijer. Synonymous with destination shopping, The Crossroads is a six-minute drive. Customers will appreciate the easy ingress and egress through multiple entrances in addition to the ability for ample parking. Users will benefit from the location’s built-in consumer base that features a mix of demographics, with nearly 1,200 employees currently working at The Trade Centre. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 148,644 people lives within a five-mile radius of the property, with the average household income exceeding $71,217. Having built itself up as an economic powerhouse thanks to the production of pharmaceuticals by Pfizer, including the COVID-19 vaccine, and the development of medical technologies by locally based Stryker Corporation, Portage has become one of the most affluent and desirable suburbs in West Michigan. Portage residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located about 10 minutes south of Downtown Kalamazoo, the Portage area has been rapidly growing with a projected population growth of 3.0% over the next five years. Together these residents make up a total annual consumer spending of over $3.1 billion, almost $350 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Portage and make it an excellent area to locate a company.
SPECIAL NOTES: 1/2 Commission Paid 30 Days After Lease Execution, 1/2 Upon Rent Commencement. Full Commission Rate Paid Years 1-5, 50% Years 6-10, None After 10 Years. Renewal Commissions Paid At 50% Of Full Commission Only Paid To Tenant`s Broker If They Continue To Act As Tenant`s Exclusive Broker Of Record. Subject To Landlord Approval Of Tenant`s Use & Credit.
