Development

QTS Realty to Expand Data Center Near Downtown Atlanta

by Alex Tostado November 6, 2019

ATLANTA — QTS Realty Trust has begun its data center expansion in Atlanta’s Knight Park/Howell Station neighborhood. The expansion will span 250,000 square feet and be located adjacent to QTS’ existing data center at 1033 Jefferson St. NW, four miles from downtown Atlanta. QTS plans to deliver Phase I of the expansion in mid-2020. QTS has signed a lease with an undisclosed anchor tenant that will consume 12 megawatts of power as part of its lease terms The existing building comprises 970,000 square feet, has more than 250 customers and provides access to more than 2,000 cross connects and more than 200 network, IT and cloud providers.

November 6, 2019

Development Industrial South Carolina Southeast

Magnus Development Breaks Ground on 180,000 SF Building Within Lexington County Industrial Park in Columbia

by Alex Tostado November 6, 2019

COLUMBIA, S.C. — Magnus Development Group has broken ground on Midway Logistics V, a 180,000-square-foot industrial building within Lexington County Industrial Park (LCIP) in Columbia. Kardex Remstar, a Swiss automated storage and retrieval solutions supplier, will fully occupy the building upon completion, which is slated for second quarter 2020. The new property will include 50-foot bay spacing, energy-efficient LED motion detection lighting, a 60-millimeter TPO roof, eight dock doors, 20 future knock out dock doors, two 16-foot-by-16-foot drive-in doors and a private 130-foot truck court for receiving and shipping. Magnus Development has developed all five building within LCIP, most recently breaking ground on Midway Logistics IV in March.

November 6, 2019

Development Industrial Midwest Ohio

Crocs Opens 550,000 SF Distribution Center in Dayton, Ohio

by Kristin Harlow November 6, 2019

DAYTON, OHIO — Crocs Inc., a casual footwear company, has opened a new 550,000-square-foot distribution center in Dayton. The facility will serve as the company’s main distribution center in the United States and Canada and replaces a facility located near Los Angeles. The Dayton facility is approximately 40 percent larger than the Los Angeles facility. The larger property, in combination with the central location, will significantly increase speed-to-market capabilities for wholesale customers and e-commerce consumers, according to Crocs. The company is expected to employ more than 150 full-time employees at the site.

November 6, 2019

Development Industrial Midwest Wisconsin

ACS to Build 48,000 SF Headquarters in Wisconsin’s Liberty Business Park

by Kristin Harlow November 6, 2019

VERONA, WIS. — ACS, an equipment, controls and facility solutions provider, is building a new 48,000-square-foot headquarters within Liberty Business Park in Verona, a suburb of Madison. The property will be situated on 5.7 acres at the southeast corner of Whalen Road and Liberty Drive. A groundbreaking ceremony took place on Friday, Nov. 1. Completion is slated for late 2020. Eppstein Uhen Architects and Ideal Builders make up the project team. Terry McMahon, Steve Styza and Cody Ziegler of Cushman & Wakefield | Boerke represented ACS in the land purchase. Katie West of Oakbrook Corp. represented the seller, Whalen Investments LLC.

November 6, 2019

Development Midwest Missouri Retail

Linwood Investors Breaks Ground on $8M Redevelopment of Retail Strip Center in Kansas City

by Kristin Harlow November 6, 2019

KANSAS CITY, MO. — Linwood Investors LLC has broken ground on its $8 million redevelopment of Linwood Square, a blighted retail strip center in the Linwood-Prospect corridor on Kansas City’s east side. The project complements the redevelopment of the Linwood Shopping Center, which the company completed in 2017. Linwood Square is a 55,000-square-foot property originally built in 1992. Project plans call for new exterior facades and roofing as well as energy-efficient HVAC, LED lighting and an interior redesign. Project funding comes from public incentives and private financing. The public improvements include funding from the Central City Economic Development Sales Tax Fund, Tax-Increment Financing Commission and Public Improvements Advisory Committee. Led by UMB Financial Corp., private financing partners include Bank of Blue Valley, Community America Credit Union and Arvest Bank. The project team includes architect Hoefer Wysocki and general contractor Centric. Completion is slated for summer 2020.

November 6, 2019

Development New York Northeast Office

Brookfield Properties Opens 2.1 MSF One Manhattan West Office Tower

by Alex Patton November 6, 2019

NEW YORK CITY — Brookfield Properties has opened One Manhattan West, a 2.1 million-square-foot office high-rise tower in Midtown Manhattan. The 67-story, Class A building is part of the Manhattan West mixed-use development that will include 6 million square feet of office space when construction is complete. The development will also include an 844-unit apartment building that will be branded The Eugene and a Pendry Manhattan West hotel. One Manhattan West was approximately 90 percent leased when it opened, with a tenant roster including the National Hockey League, as well as law firms McKool Smith and Skadden Arps, Slate, Meagher & Flom LLP. The next phase of construction, Two Manhattan West, is slated for completion in 2022. Skidmore, Owings & Merrill served as the architect of One Manhattan West, and AECOM Tishman was the general contractor.

November 6, 2019

Development Industrial Mixed-Use Texas

Mesquite City Council Approves Plans for 652-Acre Mixed-Use, 80-Acre Industrial Projects

by Taylor Williams November 6, 2019

MESQUITE, TEXAS — The Mesquite City Council has approved plans for the development of Spradley Farms, a 652-acre mixed-use project that will feature more than 2,500 single-family homes and commercial components. The government body also approved Urban District 30, an 80-acre industrial development. Urban Logistics Realty is developing the $71 million industrial project, which will include five buildings spanning 979,000 square feet and is expected to generate between 500 and 1,000 new jobs. A groundbreaking ceremony for the project was held on Monday, Jan. 13, 2020, and completion of the project is scheduled for the third quarter of 2020. Stream Realty Partners will handle leasing of Urban District 30. Other project partners include MYCON General Contractors and GSR Andrade Architects.

November 6, 2019

Interchange-Industrial-Change-North-Las-Vegas-NV

Development Industrial Nevada Western

CapRock Starts Construction of 683,000 SF Industrial Complex in North Las Vegas

by Amy Works November 6, 2019

NORTH LAS VEGAS — CapRock Partners has broken ground on Interchange Industrial Center, a Class A industrial complex in North Las Vegas. The site, acquired from a private investor in 2019, is a 33-acre parcel located at the intersection of interstates 15 and 215. Interchange Industrial Center will consist of two industrial buildings, including a 509,000-square-foot, cross-dock warehouse designed for a Fortune 1000-caliber tenant and a 173,000-square-foot warehouse that can accommodate a single tenant or up to four tenants. The properties will also feature 32- to 36-foot clear building heights, ESFR sprinklers, 115 trailer parking stalls and 100 percent concrete 185-foot secured truck courts. Construction is slated for completion by late summer 2020. Interchange Industrial Center is CapRock’s first ground-up development outside of California.

November 6, 2019

Colorado Development Hospitality Western

Stonebridge Cos. Opens 382-Room Dual-Branded Hilton Hotel in Downtown Denver

by Amy Works November 6, 2019

DENVER — Denver-based Stonebridge Cos., as owner and manager, has opened a 22-story, dual-branded hotel in downtown Denver. Located at 801 15th St., the 382-room asset features the 176-key Tru by Hilton Denver Downtown Convention Center and the 206-suite Home2 Suites by Hilton Denver Downtown Convention Center. Property amenities include 3,300 square feet of flexible meeting space with views of the Rocky Mountains, the street-level Tempo Bar, a shared lobby, grab-and-go market, complimentary breakfast bar, fitness center, guest laundry, valet parking and a five-story garage. The dual-branded hotel marks Stonebridge’s 23rd metro Denver property within its portfolio.

November 6, 2019

Development Industrial Nevada Western

Panattoni Development Breaks Ground on Two Buildings at South15 Airport Center in Nevada

by Amy Works November 6, 2019

HENDERSON, NEV. — Panattoni Development has started construction of Building C and D at South15 Airport Center, an office and industrial park located on Bowes Avenue in Henderson. Delivery is slated for early 2020. Building C will be a 183,560-square-foot, cross-dock industrial facility and Building D will be an 83,000-square-foot single-load distribution building. The 153-acre South15 Airport Center also includes a 310,000-square-foot FedEx Ground facility and a 482,300-square-foot distribution building leased to Smith’s Food & Drug. South15 Airport Center is owned by PDCUSIF South 15, a joint venture between Panattoni Development and Hillwood. Alston Construction is serving as general contractor and Tectonics Design Group is serving as architect for the project.

November 6, 2019

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