Development at Brunswick Landing, the former Navy base, continues to grow. At the end of 2015, 80 businesses and organizations occupied 1.2 million square feet of the complex’s 2 million square feet of industrial and commercial space.
The tenants created $77 million in taxable property for the towns of Brunswick and Topsham and 800 jobs have been created since Brunswick Naval Air Station base closed in 2011.
And there’s more to come, said Don Spann, a broker with RE/MAX Riverside who focuses on commercial transactions.
Avita Housing and Priority Real Estate Group just broke ground on a 60-bed memory care unit and their builders, Northbridge, acquired Sunnybrook Retirement Village.
Not only will Brunswick Landing get more tenants, but there could be a rent war between Topsham and Brunswick retailers. Spann said the Topsham Fair Mall is flourishing and has a very low vacancy rate, but other retailers, including those at Cook’s Corner and the Merrymeeting Plaza in Brunswick, are struggling. That could set the stage for a rent war to capture tenants for those shopping centers.