Development

Kraus-Anderson Set to Break Ground on New Hospital Wing at Hutchinson Health in Minnesota

by Kristin Harlow March 26, 2019

HUTCHINSON, MINN. — Kraus-Anderson is scheduled to break ground on a new hospital wing at Hutchinson Health in Minnesota on Monday, April 1. The one-year construction project will expand the hospital’s footprint by more than 17,000 square feet and will include 18 new patient rooms that are twice as big as the current rooms. Wold Architects and Engineers designed the expansion. Hutchinson Health, a part of HealthPartners, is located about 60 miles west of Minneapolis. The hospital currently has 66 beds and is classified as a Level 4 trauma center. It provides initial evaluation, stabilization, diagnostic capabilities and transfer to a higher level of care. A Level I trauma center offers the highest level of surgical care for trauma patients.

March 26, 2019

Development Healthcare Texas

Kogut, Mittman Complete 25,240 SF Medical Office Building in San Marcos

by Taylor Williams March 25, 2019

SAN MARCOS, TEXAS — Two Austin-based firms, Kogut Commercial Real Estate and Mittman Real Estate have completed construction of Hunter Professional Plaza, a 25,240-square-foot medical office building located at 151 Stagecoach Trail in the Central Texas city of San Marcos. The property is currently 41 percent leased. Transwestern Commercial Services (TCS) is leasing the building.

March 25, 2019

Temescal-Valley-Commerce-Center-Corona-CA

Acquisitions California Development Industrial Western

CapRock Delivers, Sells 140,000 SF Industrial Development in Inland Empire

by Amy Works March 25, 2019

CORONA, CALIF. — CapRock Partners has completed the construction and sale of Temescal Valley Commerce Center, a Class A industrial building in Corona. Brothers International Desserts, a Southern California-based ice cream manufacturer, acquired the property for an undisclosed price. Situated on 9.4 acres along Interstate 15, the 140,000-square-foot facility features 32-foot clear heights, 11 high-dock doors, two ground-level doors, eight excess trailer parking stalls, office suites and 90 parking spaces. The building also features immediate access to the Dos Lagos on/off ramp and a private queuing lane to enable vehicles to quickly move through the property. Fullmer Construction provided general contracting services for the development. Austin Hill, Jeff Ruscigno and Jeff Smith of Lee & Associates brokered the transaction.

March 25, 2019

Development Industrial New Mexico Self-Storage Western

ARCO/Murray Completes Design-Build of Two Self-Storage Facilities in New Mexico

by Amy Works March 25, 2019

ALBUQUERQUE AND SANTA FE, N.M. — ARCO/Murray has completed the construction of Ladera Storage in Albuquerque and Vegas Verde Storage in Santa Fe for Titan Development. Ladera Storage is a the three-story, 103,350-square-foot property offering fully climate-controlled units. The four-story Vegas Verda Storage features 88,184 square feet of climate-controlled self-storage space and two interior covered loading docks. Extra Space Storage will manage both facilities. ARCO/Murray provided design-build services, including architectural, structural and MEP design, as well as permitting and construction for each property.

March 25, 2019

Development Industrial Michigan Midwest

GM to Invest $300M, Add 400 Jobs at Michigan Plant for Electric Vehicle Production

by Kristin Harlow March 25, 2019

ORION TOWNSHIP, MICH. — General Motors is investing $300 million in its Orion Township assembly plant to produce a new Chevrolet electric vehicle. The investment will bring 400 new jobs to the plant, which is located approximately 40 miles north of Detroit. The announcement is part of GM’s new commitment to invest a total of $1.8 billion in its U.S. manufacturing operations, creating 700 new jobs and supporting 28,000 jobs across six states. The Orion plant currently builds the Chevrolet Bolt electric vehicle, along with the Chevrolet Sonic and test vehicles for the Cruise autonomous vehicle.

March 25, 2019

Development Industrial Midwest Nebraska

Scoular to Open $50M Manufacturing Facility in Seward, Nebraska

by Kristin Harlow March 25, 2019

SEWARD, NEB. — Scoular, an Omaha-based company that offers supply chain solutions for grain, feed and food ingredients suppliers, has unveiled plans to build a new freeze-drying manufacturing facility in Seward. The facility will establish Scoular’s new freeze-dried pet food ingredients platform. Scoular will invest approximately $50 million to build the facility, which is expected to create nearly 100 new jobs. A groundbreaking ceremony is expected to take place in June. Construction of the 105,000-square-foot building will take approximately 14 to 16 months to complete and be operational by early fall 2020. An indirect, wholly owned subsidiary of the company will construct the facility.

March 25, 2019

Development Indiana Industrial Midwest

Joint Venture to Develop 338,520 SF Speculative Industrial Building in Plainfield, Indiana

by Kristin Harlow March 25, 2019

PLAINFIELD, IND. — A joint venture between Distribution Realty Group LLC and a private real estate fund advised by Crow Holdings Capital have unveiled plans to develop a 338,520-square-foot speculative industrial building in Plainfield. The property will be located at 9500 Bradford Road and known as Plainfield Distribution Center. The building will feature a clear height of 32 feet, LED lighting, up to 74 dock doors and 67 trailer stalls. Brian Buschuk and Steve Schwegman of JLL will market the property for lease. Arco Murray will serve as general contractor.

March 25, 2019

Development Michigan Midwest Retail

PREIT Adds Cheesecake Factory to Tenant Mix at Woodland Mall in Grand Rapids as Part of Redevelopment

by Kristin Harlow March 25, 2019

GRAND RAPIDS, MICH. — The Cheesecake Factory is coming to Woodland Mall in Grand Rapids as part of the repositioning of the shopping center, according to PREIT, the mall’s owner. This is the second location in the state of Michigan for The Cheesecake Factory. The first location in the state was in Novi. The restaurant will occupy 8,500 square feet at Woodland Mall and is expected to open in late October. Other new tenants include Black Rock Bar & Grill, Von Maur, Urban Outfitters, REI and Tricho Salon. Von Maur is set to open this fall in the former Sears space. As the second largest redevelopment underway in PREIT’s portfolio, Woodland Mall is expected to generate nearly 20 percent growth in net operating income (NOI) in 2020, according to the company.

March 25, 2019

Development Massachusetts Multifamily Northeast

SilverBrick Group Completes Renovation of 99-Unit Multifamily Property in Massachusetts

by David Cohen March 22, 2019

SPRINGFIELD, MASS. — The SilverBrick Group has completed the renovation of SilverBrick Square in Springfield. Located at 122 Chestnut St., the 120,000-square-foot building is a former YMCA property. The newly renovated, 99-unit apartment community now includes new finishes in units and common areas as well as a new fitness center. Emerald Creek Capital provided an $8 million bridge loan to SilverBrick Group for the renovations. Terms of the loan were not disclosed.

March 22, 2019

Development Florida Industrial Retail Southeast

Kroger, Ocado Select Central Florida for Second Customer Fulfillment Center

by Alex Tostado March 22, 2019

GROVELAND, FLA. — The Kroger Co. and Ocado, an online grocery retailer based in England, have selected Groveland as the second city to house the partnership’s customer fulfillment center (CFC). Kroger has committed to build 20 CFCs in partnership with Ocado. In November, the partnership announced that Monroe, Ohio will be the site of the first CFC. The Groveland center will consist of an automated warehouse facility with digital and robotic capabilities. The CFC will span 375,000 square feet at American Way near U.S. Highway 27, about 31 miles west of Orlando. The partnership is scheduled to break ground later this year and open the center in 2021.

March 22, 2019

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