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Colonie Center Mall 131 Colonie Ctr 41,500 SF of Retail Space Available in Albany, NY 12205
HIGHLIGHTS
- Located along the Capital Region’s “miracle mile” on Wolf Road
- Strategically located between two interchanges of I-87
- Space build out optional based on the tenant.
- An aggregate daily traffic count of over 66,000 cars
- Several signalized access points on Wolf Rd and Central Ave
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 41,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1425 Central Ave - 2nd Floor
• Located along the Capital Region’s “miracle mile” on Wolf Road • An aggregate daily traffic count of over 66,000 cars • Strategically located between two interchanges of I-87 • Several signalized access points on Wolf Rd and Central Ave
- Anchor space, Inline and pad sites available
- Neighbors include Macy's, Boscov's, Whole Foods
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.
SELECT TENANTS AT COLONIE CENTER MALL
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Boscov's
- Dept Store
- 54
- National
- Floor & Decor
- Floor Covering
- 298
- National
- Macy's
- Other Retail
- 787
- National
- Nordstrom Rack
- Dept Store
- 368
- National
- Whole Foods Market
- Supermarket
- 670
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Boscov's | Dept Store | 54 | National |
| Floor & Decor | Floor Covering | 298 | National |
| Macy's | Other Retail | 787 | National |
| Nordstrom Rack | Dept Store | 368 | National |
| Whole Foods Market | Supermarket | 670 | International |
PROPERTY FACTS
| Total Space Available | 41,500 SF | Frontage | |
| Center Type | Super Regional Mall | Gross Leasable Area | 1,034,396 SF |
| Parking | 5622 Spaces | Total Land Area | 69.07 AC |
| Stores | 120 | Year Built | 1966 |
| Center Properties | 3 |
| Total Space Available | 41,500 SF |
| Center Type | Super Regional Mall |
| Parking | 5622 Spaces |
| Stores | 120 |
| Center Properties | 3 |
| Frontage | |
| Gross Leasable Area | 1,034,396 SF |
| Total Land Area | 69.07 AC |
| Year Built | 1966 |
ABOUT THE PROPERTY
The Shops at Colonie Center is a premier multitenant property comprised of over 277,000 square feet redevelopment that’s part of Colonie Center a 1.3 million square-foot enclosed, regional shopping mall with over 100 specialty stores. Colonie Center is anchored by Boscov’s Macy’s, Regal Cinemas, Nordstrom Rack and is home to many stores that are unique to the market—from the first L.L. Bean retail store in New York State to the only P.F. Chang’s China Bistro and Cheesecake Factory in the Capital Region. Its great location within the retail epicenter of the Capital Region, and immediate proximity to I-87 and the NYS thruway, makes it a regionalized destination to thousands of people. The property is leased to an impressive line up consisting of a Whole Foods store, specialty retail, and restaurant. The site shows great visibility and exposure to Wolf Road with strong demographics of over $93k average household incomes, and 178,676 population ( 5-miles ). Colonie Center ranks as the Capital Region’s ‘Best Of’ Shopping Center for 12 years in a row, based on a Times Union readers’ poll.
- Food Court
- Signalized Intersection
- Kiosk/Cart Space
- Enclosed Mall
NEARBY MAJOR RETAILERS
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Colonie Center Mall | 131 Colonie Ctr
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