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.
Bath/Brunswick/Topsham market activity report
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.
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