Originally published in Business People-Vermont in 2001.

Commercial Spaces

Area commercial real estate professionals gave us a hand with this overview of commercial space available for sale or lease. Most listings are for office space, with some for retail space, manufacturing space, and land.

Retail space is experiencing the most growth, with notable hot spots at Maple Tree Place in Williston and the General Dynamics site on Lakeside Avenue in Burlington. It has some of the highest vacancy rates, as well.

Regarding economic factors, Tony Blake of V/T Commercial says, “The industrial market in particular is a typical economic indicator since it reflects jobs, wages and manufacturing.” Though Vermont doesn’t often catch the attention of large manufacturers, when it does, it offers “a quality of life that is unmatched. That intangible is a tough sell but a very real virtue of Vermont.” The most stable market is office space with a vacancy rate of about 5 percent, says Blake.

Land with development rights is the most sought-after type of commercial real estate, according to John Rao of Pomerleau Real Estate. He says that although the permitting process discourages some development, there are bright spots compared to 20 years ago. ”Interest rates are lower, and there is more capital available, and the Dean administration has been quite ‘business-friendly’ in working to attract new businesses to Vermont.”

A snapshot of available space as of 9/15/01 (Prices and available square footage subject to change. Prepared from submitted information.

Location	Available Space	Rate	Agent/Agency	Major Tenants/Comments
Barre
1 Dragon Phoenix Rest., 435 North Main St.	30,000 Lot / 5,600 Bldg.	$295,000 Sale, $7.50/SF Lease	Neville Co. 862-0208
Bristol
2 5 Main St.	4,032 SF comm.	$200,000 Sale	Redstone Commercial 658-7400
Burlington
3 70-72 Cherry St.	3,600 / SF 3,600 SF	$260,000 Sale	Hickok & Boardman 658-6666	Wiener
4 1 Church St.	45,000 SF / 1,510 - 7,200 SF	$12/SF Lease	Hickok & Boardman 658-6666
5 110 Main St.	3,790 SF	$15.50/SF	Pomerleau RE 863-8210
6 114 Church St.	1,100 SF +basement storage	$3,000/mo +utilities	Redstone Commercial 658-7400
7 118 Main St.	1,500 SF	$9/SF NNN	Redstone Commercial 658-7400	Retail/office
8 13 Kilburn St.	4,000 SF	$12.50/SF +utilities	V/T Commercial 864-2000
9 131 Church St. (penthouse)	3,900 SF	$15.50/SF	Pomerleau RE 863-8210
10 131 Church St. (street level)	2,250 SF	$26/SF	Pomerleau RE 863-8210
11 156 St. Paul St.	1,100 SF	$14/SF	Pomerleau RE 863-8210
12 180 Flynn Ave.	7,440 SF Office	$13.50/SF NNN	Redstone Commercial 658-7400	Warehouse
13 184 So. Winooski	3,600 SF	$13/SF	Pomerleau RE 863-8210
14 187 St.Paul St.	2,163 SF Office	$3,550+utilities	Redstone Commercial 658-7400	2nd floor
15 189 Battery St.	500 SF Office	$450/mo Gross	Redstone Commercial 658-7400
16 208 Flynn Ave.	70,000± / 8,320	$12/SF	Hickok & Boardman 658-6666	Farrington
17 209 Battery St.	800 SF space	$600/mo+electric	Redstone Commercial 658-7400
18 210 College St.	468-3,000 SF	$12.50/SF NNN	Redstone Commercial 658-7400	Office
19 210 College St.	2,124 SF Retail +basement storage	$13.50/SF NNN	Redstone Commercial 658-7400
20 275 College St.	5,650 SF	$16/SF NNN	Redstone Commercial 658-7400	Office
21 431 Pine St.	1,030 SF	$730/mo. +utilities	Redstone Commercial 658-7400	Service/retail/manufacturing
22 5 Burlington Square	4,400 SF 2nd, 4,858 SF 4th	$16.50/SF Gross	V/T Commercial 864-2000
23 521 Shelburne Road	1,711 SF	$15/SF NNN	Hickok & Boardman 658-6666	Hutchins
24 65 Main St.	4,551 SF	$9.75/SF NNN	Pomerleau RE 863-8210
25 668 Pine St.	3,840 SF	$10/SF	Pomerleau RE 863-8210
26 7 Ambrose Place	6,000-7,000 SF	$5.50/SF NNN Warehouse, $7.50/SF NNN Office	Redstone Commercial 658-7400
27 73 Main St.	2,500 SF	$900/mo +utilities	Pomerleau RE 863-8210
28 747 Pine St.	13,000 SF Office/warehouse	$5/SF NNN	Redstone Commercial 658-7400
29 Borders Building, 110 Cherry St.	60,000 / 1,487 SF, 1,720 SF	$15.50/SF Gross; $13.50/SF Gross	J.L. Davis 878-9000	Nick & Morrissey/Borders office space & Books & Music, CCV, NECI
30 Carburs Building, 115-119 St. Paul St.	6,000± SF	$650,000 Sale	V/T Commercial 864-2000
31 Old Woolworth Bldg., Lower Level Church St.	24,000 SF	Call for pricing	Pomerleau RE 863-8210
32 Financial Plaza/6th floor, 84 Pine St.	2,675 SF	$16/SF+utilities	Feeley Commercial RE 864-5200
33 257 Pine St.	2,800 SF	$6.50/SF Gross	V/T Commercial 864-2000	Heated warehouse
34 Howard Opera House, Church St.	2,007 SF 2nd floor	$2,500/mo +electric	V/T Commercial 864-2000
35 Industrial Parkway	3,200-6,400 SF	$6.50/SF NNN	Redstone Commercial 658-7400	Warehouse/ industrial
36 Industrial Parkway	8,100 SF Office/warehouse	$6.50/SF NNN	Redstone Commercial 658-7400
37 Industrial Parkway	42,060 SF	$4.50/SF	Pomerleau RE 863-8210
38 Innovation Center of Vermont/Lakeside Ave.	25,000 SF	$13/SF	Pomerleau RE 863-8210
39 Lower Level of old Woolworth Bldg./Church St.	24,000 SF	Call for pricing	Pomerleau RE 863-8210
40 North Winooski Ave.	1,360 SF Studio; 1360 SF Retail/commercial	$10/SF NNN, $12/SF NNN	Redstone Commercial 658-7400
41 Staples Plaza	20,800 SF	$12/SF	Pomerleau RE 863-8210
42 Steele St.	268 SF & 276 SF	$14/SF NNN	Redstone Commercial 658-7400	Office/retail
Cambridge
42 Route 15	9,000 SF	$190,000 Sale	Redstone Commercial 658-7400	Office, warehouse/storage
Colchester
43 311 Malletts Bay Ave.	6,888 SF	$625,000 Sale	Hickok & Boardman 658-6666	Reed
44 20 Mountain View Drive Land	1.85 acres	$85,000 Sale	Redstone Commercial 658-7400
45 328 Hercules Drive	8,000 - 52,130 SF	$4.75/SF NNN depending on size	HighPoint Realty 655-4700	Office/production/warehouse
46 43 Hercules Drive	3,000-26,000 SF	$5.50-6.00/SF NNN	Redstone Commercial 658-7400
47 61 Oak Circle	2,000 - 3,000 SF	$6/SF NNN	Redstone Commercial 658-7400	Warehouse
48 75 Hegeman Ave	15,000 SF	$725,000 Sale	Pomerleau RE 863-8210
49 Bayside II	2,200 SF	$12/SF lease	Hickok & Boardman 658-6666
50 Colchester Business Park	Land for sale	$220,000 Sale	Redstone Commercial 658-7400
51 HighPoint Lot Land	1 acre lot	$500,000 Sale	Redstone Commercial 658-7400
52 KPMG Office Building/356 Mountain View Drive	2,500 - 13,400 SF, 60,000± Class A office	$15.75/SF NNN	J.L. Davis 878-9000	Kolok Development/KPMG
53 Lots 6 & 7 Meadows Industrial Park	3.4 acres	$432,000 Sale	HighPoint Realty 655-4700
54 Sunderland Hollow Industrial Park	2,000 - 70,000 SF	Call for pricing	Redstone Commercial 658-7400
55 Water Tower Hill/354 Mountain View Drive	56,000± / 2,000, 3,780 & 6,950 SF Class A	$14.95/SF NNN	J.L. Davis 878-9000	Competitive Computing, Bombardier Capital office
Essex and Essex Junction
56 137 Iroquois Ave.	9,000± 800, 1,200, 2,400 & 3,200 SF office	$10.50/SF Gross	J.L. Davis Realty 878-9000
57 15 Pearl St.	2,533 SF	$199,000 Sale	Hickok & Boardman 658-6666	Ziter, Direct Results
58 30 Gauthier Drive	113,750± 46,000 SF Office	$7.75/SF NNN	J.L. Davis Realty 878-9000	REM Development/VSAC manufacturing/ warehouse
59 34 Park St.	21,000 SF	$61/SF Sale	HighPoint Realty 655-4700	Retail/office/warehouse
60 Essex Towne Market Place Unit 1	1,888 SF	$11.75/SF NNN	Redstone Commercial 658-7400	Retail service space
Fairfax
61 Arrow Head Industrial Park	395,000, SF 56,300 SF	$4.50/SF	Bryce Realty 800-343-2404	Bryce Realty, Gardener’s Supply, Century International
Middlebury
62 Catamount Business Park	2,000 - 30,000 SF	Call for pricing	Redstone Commercial 658-7400
Middlesex
63 Welch Business Park, off I-89, Exit 9	(2) 4± Comm. lots	$75,000/$150,000	Neville Co. 862-0208	Neville Co. across from State Police Barracks
Milton
64 184 Route 7	1,462 SF Medical, 2,992 SF Retail	$10.25/SF NNN, $12/SF NNN	Redstone Commercial 658-7400
Richmond
65 1 Huntington Road	1,600 SF	$79,900 Sale	Pomerleau RE 863-8210
Rutland
66 Rutland Plywood	10,000-60,000 SF	$2.00/SF	Pomerleau RE 863-8210
S. Burlington
67 99 Swift St.	3,300 SF	$11.90/SF NNN	Hickok & Boardman 658-6666	Morrissey, Proximity
68 102 Kimball Ave.	9,000 SF Office, warehouse	$6.50/SF NNN	Redstone Commercial 658-7400
69 110 Kimball Ave.	2,000-14,000 SF Office	$13.25/SF NNN	Redstone Commercial 658-7400
70 12 Gregory Drive	960 SF office/service	$12/SF Gross	Redstone Commercial 658-7400
71 150 Kennedy Drive	2,000 SF Office	$14/SF Gross	Redstone Commercial 658-7400
72 1890 Airport Parkway	6,000 SF Office/ warehouse/ distribution	$6.75/SF NNN	Redstone Commercial 658-7400
73 20 Kimball Ave.	40,000 SF 700 - 6,000 SF	$14/SF Gross	HighPoint Realty 655-4700
74 37 Commerce Ave.	13,000± 1,250, 1,500, & 6,400 SF Industrial	$6.00/SF NNN	J.L. Davis Realty 878-9000
75 372 Dorset St.	4,321 SF mixed-use building	$11.00/SF NNN Lease, $425,000 Sale	V/T Commercial 864-2000	Formerly New England Floor Covering
76 620 Hinesburg Road	3,536 SF Office, 2,255 SF Medical	$15/SF NNN, $13.50/SF NNN	Redstone Commercial 658-7400
77 7 Green Tree Drive	2,600 SF Office/warehouse	$8/SF NNN	Redstone Commercial 658-7400
78 Ethan Allen Industrial Park	3,950 SF	$7/SF+utilities	Neville Co. 862-0208	Neville Co.
79 Fayette Road	11,500 SF	$13/SF	Pomerleau RE 863-8210
80 Former Jake's Restaurant Property	5,758 SF	$14.75/SF NNN	V/T Commercial 864-2000	Lakewood Commons
81 K-Mart Plaza	100,000 SF	$7,000,000 Sale	Pomerleau RE 863-8210
Shelburne
82 2024 Shelburne Road	4.1 acres	$189,000 Sale	V/T Commercial 864-2000
83 4076 Shelburne Road, Suite 7	3,400 SF Office	$11.75/SF NNN	Redstone Commercial 658-7400
84 Tennybrook Square	1,840 SF	$12/SF	Pomerleau RE 863-8210
Swanton
85 12 Jonergin Drive	18,400± 18,400 SF Industrial building on 3.64 acres	$725,000	J.L. Davis 878-9000
86 6 Brooklyn St.	8,586± SF	$300,000	J.L. Davis 878-9000	Office/manufacturing building
87 Swanton Shopping Center	4,000 SF	$8/SF	Pomerleau RE 863-8210
Vergennes
88 45 Panton Road	45 acres	$450,000 Sale	Redstone Commercial 658-7400
White River Jct.
89 Route 5 Land	12.3 acres	$1,000,000 Sale	Redstone Commercial 658-7400
Williston
90 1193 So. Brownell Road	10,000 SF Office	$12.15/SF	Redstone Commercial 658-7400
91 121 Park Ave.	3,600 SF Office	$12/SF Gross	Redstone Commercial 658-7400
92 121-127 Park Ave.	21,000 SF Office building	$1,497,000 Sale	Redstone Commercial 658-7400
93 18 Blair Park	4,260 SF	$7.50/SF	Pomerleau RE 863-8210
94 188 Allen Brook Lane	1,940 SF Office	$12.25/SF NNN	Redstone Commercial 658-7400
95 22 Krupp Drive	8,000 SF Office/warehouse	$6.75/SF NNN, $510,000 Sale	Redstone Commercial 658-7400
96 240 Pioneer Drive	25,200± 6,300 SF industrial	$5.50/SF NNN	J.L. Davis Realty 878-9000	L.N.P., Inc./Asyst Technologies, Business Interiors, Power Battery & Supply
97 28 Park Ave.	2,244 SF Medical/service/office	$12.50/SF NNN	Redstone Commercial 658-7400
98 338 Commerce Drive	2,400 SF office	$6/SF NNN	Redstone Commercial 658-7400
99 45 Krupp Drive	5,000-10,000 SF	$6.25/SF NNN	Redstone Commercial 658-7400	Office/warehouse
100 543 Blair Park	8,300-11,500 SF	$6.00/SF NNN	V/T Commercial 864-2000	Office
101 581 Industrial Ave.	22,000 SF building on 1.2 acres	$1,199,000 Sale	J.L. Davis Realty 878-9000	Industrial/commercial
102 600 Blair Park	1,626 - 8,170 SF	$8/SF NNN	V/T Commercial 864-2000
103 Blair Park at Taft Corners	2.97 acres, 67,000 SF building	$450,000 Sale, flexible terms	V/T Commercial 864-2000	Permitted office
104 Lot 1, Blair Park	Portion of 3.97 acre lot, 36,000 SF building	$54,000/year $540,000 Sale	Hickok & Boardman 658-6666
105 Maple Tree Place	100,000 SF Retail, 100,000 SF Office	Call for pricing	Pomerleau RE 863-8210	Starwood-Ceruzzi/Staples, Shaws, Best Buy
106 So. Brownell Road	10,000 SF Bldg.	Call for pricing	Redstone Commercial 658-7400
107 Taft Farms Village Center/ 300 & 400 Cornerstone Drive	48,000± 900 & 1,460 SF	$9.00/SF NNN	J.L. Davis Realty 878-9000	Allen Brook Development, Inc./Progressive Insurance, Cornerstone Physical Therapy, Lightship Telecom, ip Capital Group
108 Talcott Professional Building, 75 Talcott Road	1,252 & 1,311 SF	$10-$12/SF NNN	V/T Commercial 864-2000	Office suites w/ fit-up package
109 The Center at Blair Park	60,000± SF	NOI $433,812±	V/T Commercial 864-2000
Winooski
110 18 Mansion St.	2,800 SF 1,400 SF	$154,900 Sale	Hickok & Boardman 658-6666	O’Brien