OEDC Newsletter - December 2016
As the year draws to a close, the Orange Economic Development Corporation reflects on 2016 and looks forward to a new and exciting 2017. We’d like to thank First Selectman James Zeoli, the Economic Development Commission, OEDC Board, the realtors, brokers, and business community for all their support. Have a Glorious Holiday, a Happy New Year and a successful 2017! In this Newletter you will read:
1. Property Activity & Vacancy Rates
2. Boston Post Road Banner Program
3. Orange Business & Community Expo
4. OrangeLife Magazine
Property Activity and Vacancy Rates (December, 2016)
The Town of Orange had a productive year in terms of business growth, as 17 new businesses opened their doors, 10 businesses have closed, and there were 3 in town relocations. A few of these exciting transactions are:
The Tractor Supply Company purchased land on Indian River Road to build their store. The company has more than 1,550 stores in 49 states. The store opened in September at 273 Indian River Road.
ShopRite opened its doors in October at 259 Bull Hill Lane (the former Stop & Shop location). Owner Harry Garafalo owns and operates ShopRite stores in East Haven, Hamden, Milford, Stratford and West Haven.
The former Builder’s Square property, located at 260 Bull Hill Lane, has been sold and the grounds and the building have been cleaned up. The 84,000 square feet building is ready for lease and can be subdivided.
In the Industrial Sector, we lost Fulfillment Works but in November we gained Bunzl. Located at 181 Marsh Hill Road, Bunzl supplies a range of products including outsourced food packaging, disposable supplies and cleaning/safety products to food processors, supermarkets, non-food retailers, convenience stores, etc.
Below is the full list of Gains/Losses:
1. Expert Tailers 563 Boston Post Road
2. US Furniture 519 Boston Post Road
3. Yao’s Diner 514 Boston Post Road
4. Orso Trattoria 385 Boston Post Road
5. College Hunks Moving Co. 380 Boston Post Road
6. The Flying Locksmith of SW CT 378 Boston Post Road, Suite 204
7. The Dog Wizard 288 Boston Post Road
8. Connecticut Pest 273 Indian River Road
9. Elm City Trailer 206A Boston Post Road
10. House of Styles by David 185 Boston Post Road
11. Ilovekickboxing.com 116 Boston Post Road
12. The Edge 50 Boston Post Road
13. Tractor Supply 253 Indian River Road
14. St. Anthony’s Book & Gift Shop 461 Derby Avenue
15. Bunzl 181 Marsh Hill Road
16. SCS Direct 22 Marsh Hill Road
17. ShopRite 259 Bull Hill Lane
1. Overstock Warehouse 519 Boston Post Road
2. Wild Acorns 516 Boston Post Road
3. Q’s Asian Fusion 514 Boston Post Road
4. Corner Pocket 501 Boston Post Road
5. Curves 391 Boston Post Road
6. Bear & Grill 385 Boston Post Road
7. Paws N Claws 288 Boston Post Road
8. Cooper’s Dress 185 Boston Post Road
9. Verizon Wireless 116 Boston Post Road
10. Fulfillment Works 181 Marsh Hill Road
Through our efforts to maintain accurate business records, we are able to state the Total Vacancy Rate is at 5.36% which equates to 333,800 square feet (vacant) out of a total of 6,226,423 square feet as of December 20th. In comparison to this time last December, the vacancy rate was slightly higher at 5.87% which equates to 365,576 square feet (vacant) out of a total of 6,207,326 square feet. (Note, in 2016 we gained 19,097 square feet because of the Tractor Supply Company).
Amount Vacant (SF)
We conduct this report each quarter. The next Vacancy Report will be conducted in April, 2017
Boston Post Road Banner Program
The OEDC markets The Boston Post Road Banner Program. Local Businesses have the opportunity to sponsor banners that are set on the 36 Decorative Light Poles installed along the length of the Boston Post Road for a one year period at a cost of $600. This is an excellent way for businesses to advertise every day of the year, to the 25,000+ cars that travel the Boston Post Road on a daily basis.
Currently, there are 26 sponsors participating in this program. Letters of renewal are ongoing. There are 10 available locations--call Annemarie or Mary at 891-1045 for available locations.
Orange Business & Community Expo
The 2017 Orange Business and Community Expo is scheduled for Wednesday, June 14th from 11 am – 4:30 pm. Note the extended time to allow for late afternoon events. This year marks the 15th anniversary and we are organizing special activities.
The OEDC has been actively seeking sponsors and there are many level of sponsorship packages available, ranging in price from $250 to $5,000. Note we have added two additional sponsorship packages: Pewter at $250 and Platinum at $3,500. Please call if interested in sponsoring.
There is space for 56 business vendors and currently 10 vendors have committed. Formal solicitations will go out in January. Booth cost is $300 and includes pipe & drape, table, chair, inclusion of marketing materials in the welcome bags, entry into Vendor Appreciation Raffle, activities, and company information in the event program booklet, company name listed in OrangeLife Magazine, and company name included in social media posts. Register early to get the best booth location. Registration is available on the OEDC website, www.orangeedc.com or call 203-891-1045 for information.
OrangeLife Magazine is designed to highlight and celebrate what it means to be a member of the Orange community. The magazine supports local businesses and contains useful information regarding the Town of Orange. Over 7,500 magazines are delivered to every home, business and post office box within Orange, twice per year (summer/winter). All editions are posted on our website for online reading (www.orangelife.net). Planning has begun on the 15th edition. If there is a business with a special anniversary in 2017, please let us know so we can highlight this milestone in our next edition. We are accepting ads at this time and Advertising Rates are posted on our website: www.orangelife.net or call our office at 203-891-1045 for information.
Orange Business & Community Expo 2017