for lease new mixed use development byron village · 2018. 10. 30. · + corporate headquarters for...

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www.cbre.us/grandrapids FOR LEASE New Mixed Use Development – Byron Village 6420-6514 BYRON CENTER AVE SW BYRON CENTER, MI OFFICE & RETAIL SPACE, PLUS LAND LEASE OPTIONS TRADE AREA + Surrounding trade area is dense with a daytime population of over 236,000 within 7 miles. + Metro Grand Rapids is a growing region of more than 1 million people, including over 91,000 students enrolled in local colleges and universities. + West Michigan’s economy is the 5th fastest-growing economy in the U.S., driven by advanced manufacturing, aerospace, healthcare, education and life sciences. + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and Steelcase Furniture are nearby. Prominent 24+ acre development with pad ready sites situated at a high traffic location, with over 46,000 vehicles travelling over M-6. The future home of Byron Village is located at the M-6/Byron Center exit, south of Metro Health Hospital and Mercy Health St. Mary’s Southwest Campus. Office and retail space is available for lease, and acreage is available for land lease.

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Page 1: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

www.cbre.us/grandrapids

FOR LEASE

New Mixed Use Development –Byron Village

6420-6514 BYRON CENTER AVE SWBYRON CENTER, MI

OFFICE & RETAIL SPACE, PLUS LAND LEASE OPTIONS

TRADE AREA

+ Surrounding trade area is dense with a daytime population of over 236,000 within 7 miles.

+ Metro Grand Rapids is a growing region of more than 1 million people, including over 91,000 students enrolled in local colleges and universities.

+ West Michigan’s economy is the 5th fastest-growing economy in the U.S., driven by advanced manufacturing, aerospace, healthcare, education and life sciences.

+ Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and Steelcase Furniture are nearby.

Prominent 24+ acre development with pad ready sites situated at a high traffic location, with over 46,000 vehicles travelling over M-6. The future home of Byron Village is located at the M-6/Byron Center exit, south of Metro Health Hospital and Mercy Health St. Mary’s Southwest Campus. Office and retail space is available for lease, and acreage is available for land lease.

Page 2: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

www.cbre.us/grandrapids

FOR LEASE

New Mixed Use Development –Byron Village

SUBMARKET OVERVIEW

REGIONAL MALLS

Page 3: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

SPECULATIVE OFFICE & RETAIL SPACE OPPORTUNITIES

OFFICE

+ New Footings Poured: 51,000 SF Class A Office Building

+ Available Space: Three floors, 5,000 – 17,000 RSF available

+ Rental Rate: $25.00/RSF/YR NNN

+ Lease Term: 5-10 year lease term (renewal options available)

+ Availability: Approximately August 2019

RETAIL

+ Available Space: 3,000-8,000 RSF

+ Rental Rate: $35.00/RSF/YR NNN

+ Lease Term: 5-10 year lease term (renewal options available)

+ Availability: Approximately June 2019

FOR LEASE

New Mixed Use Development –Byron Village

Page 4: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

www.cbre.us/grandrapids

OFFICE BUILDING PLANS

FOR LEASE

New Mixed Use Development –Byron Village

Page 5: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

LAND LEASE OPPORTUNITIES

PRIME CORNER LOCATIONS

+ Available Acreage: 2-4 Acres+/-

+ Rental Rate: $100,000/Acre/Year NNN

+ Lease Term: 20-year lease term

+ Availability: Immediate

BALANCE OF ACREAGE

+ Available Acreage: 2-12 Acres+/-

+ Rental Rate: $80,000/Acre/Year NNN

+ Lease Term: 20-year lease term

+ Availability: Immediate

FOR LEASE

New Mixed Use Development –Byron Village

Page 6: FOR LEASE New Mixed Use Development Byron Village · 2018. 10. 30. · + Corporate headquarters for Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and

www.cbre.us/grandrapids

CBRE|Grand Rapids | 634 Front Avenue NW | Suite 550 | Grand Rapids, MI 49504

© 2018 Martin Commercial Properties West Michigan, LLC., d/b/a CBRE|Grand Rapids. All rights reserved. This informationhas been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct acareful, independent investigation of the property and verify all information. Any reliance on this information is solely at your ownrisk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property oftheir respective owners. Photos herein are the property of their respective owners. Use of these images without the expresswritten consent of the owner is prohibited.

www.cbre.us/grandrapids

CONTACT US

Robert Lotzar

Vice President | Retail Advisor+1 616 726 [email protected]

2017 Demographics

1 Mile 3 Miles 5 Miles 7 Miles

Population 2,848 42,193 143,010 251,710

Daytime Population 5,780 51,295 139,475 236,980

Households 969 16,170 54,435 92,723

Average Household Income $85,679 $76,442 $65,050 $64,330

Traffic Counts

M-6 @ Byron Center Exit: 46,015 VPD (2016)

64th Street, East of Byron Center: 2,529 VPD (2014)

Byron Center Avenue, North of 64th: 28,795 VPD (2013)

Total Daily Count: 77,339 VPD

Drive Times

Rivertown Mall: 5 Minutes

Gerald R. Ford International Airport: 5 Minutes

Downtown Grand Rapids: 10 Minutes

Woodland Mall: 15 Minutes

Holland: 20 Minutes

6420-6514 BYRON CENTER AVE SWBYRON CENTER, MI

FOR LEASE

New Mixed Use Development –Byron Village