Development

Skanska Delivers 245,000 SF Medical Office Building in Arlington, Virginia

by John Nelson July 24, 2023

ARLINGTON, VA. — Development and construction firm Skanska has completed the construction of a 245,000-square-foot medical office building in Arlington on behalf of VHC Health. The Outpatient Pavilion facility includes physical therapy examination and treatment rooms, radiology and imaging suites, examination clinics and six operating rooms. Additionally, there is 22,000 square feet of space dedicated to women’s health services. Skanska previously delivered an adjacent parking garage, featuring capacity for more than 1,600 cars, in 2021.

July 24, 2023

Development Industrial Oklahoma Texas

Seefried Industrial Underway on 842,043 SF Project for Aerospace Manufacturer in Oklahoma City

by Taylor Williams July 24, 2023

OKLAHOMA CITY — Atlanta-based developer Seefried Industrial Properties, in partnership with Truist Securities, is underway on construction of an 842,043-square-foot, build-to-suit project in Oklahoma City. The new facility will act as a hub for depot support for the military engines of Pratt & Whitney, which are maintained at Tinker Air Force Base. The facility, which is expandable to 942,000 square feet, will feature an 86,000-square-foot office component, and future development plans include an adjacent, 100,000-square-foot training facility. In addition, the main warehouse will offer 40-foot clear heights, up to 120 dock-high doors, six grade-level doors, 515 auto parking stalls (including EV charging spots) and 103 trailer spaces. Construction is slated for a second-quarter 2024 completion.

July 24, 2023

Development Industrial Washington Western

Bridge Industrial Acquires 13-Acre Site for Bridge Point Kent 180 Development in Washington

by Jeff Shaw July 24, 2023

KENT, WASH. — Bridge Industrial is expanding its presence in the Pacific Northwest with the acquisition of a 13-acre site at 7730 S. 202nd St. in Kent. The site will eventually house Bridge Point Kent 180, a Class A industrial facility spanning 180,000 square feet. An aluminum smelting plant previously occupied the site, which requires significant environmental remediation due to nearly 40 years of contamination. Bridge plans to demolish the existing structure and conduct extensive cleanup before commencing construction on Bridge Point Kent 180 in the first quarter of 2024. The facility is scheduled for completion by the first quarter of 2025. Bridge Point Kent 180 will cater to a range of tenants, including ecommerce, logistics and cold storage users. The facility will feature 36-foot clear heights, multiple loading doors, trailer parking and car parking. Bridge’s continued expansion in the Seattle region reflects the strong demand for modern, sizable industrial facilities in this market, according to the company.

July 24, 2023

Development Multifamily New York Northeast

Partnership Completes 249-Unit Apartment Complex in Mount Vernon, New York

by Taylor Williams July 24, 2023

MOUNT VERNON, N.Y. — A partnership between Alexander Development Group, The Bluestone Organization and J.P. Morgan Global Alternatives has completed 42 Broad, a 249-unit apartment complex in Mount Vernon, located north of New York City. Designed by Perkins Eastman, the 16-story building houses studio, one- and two-bedroom units that are furnished with stainless steel appliances, walk-in showers and individual washers and dryers. Amenities include a pool, fitness center, outdoor kitchens, game room, lobby lounge, coworking spaces, library and a zen garden, as well as ground-floor retail space. Rents start at $2,100 for a studio apartment.

July 24, 2023

Affordable Housing Development Massachusetts Multifamily Northeast

Beacon Communities, CCBA Break Ground on 85-Unit Affordable Housing Project in Boston

by Taylor Williams July 24, 2023

BOSTON — A partnership between nonprofit owner-operator Beacon Communities and the Chinese Consolidated Benevolent Association of New England Inc. (CCBA) has broken ground on Pok Oi, an 85-unit affordable housing project in Boston’s Chinatown district. The complex will offer one-, two- and three-bedroom units that will be reserved for renters earning 80 percent or less of the area median income. Nine units will be specifically set aside for citizens experiencing homelessness. Citizens Bank provided construction financing for the project, and MassDevelopment issued tax-exempt bonds. Completion is slated for late 2024.

July 24, 2023

Development Industrial New Jersey Northeast

Denholtz Properties Completes 40,500 SF Industrial Flex Building in Hamilton, New Jersey

by Taylor Williams July 24, 2023

HAMILTON, N.J. — Locally based developer Denholtz Properties has delivered 800 Horizon Center, a 40,500-square-foot industrial flex building in the Northern New Jersey community of Hamilton. The site is located less than three miles from Exit 7A on the New Jersey Turnpike at the intersection of Interstate 195 and U.S. Route 130. Building features include divisibility to 2,700-square-foot units, a clear height of 26 feet, 15 roll-up doors and roughly 110 car parking spaces. Fennelly Associates has been tapped as the leasing agent as of February 2024.

July 24, 2023

Development Illinois Midwest Multifamily Seniors Housing

Life Care Services Opens 258-Unit Seniors Housing Community in Northwest Chicago

by Kristin Harlow July 24, 2023

CHICAGO — Life Care Services has opened Clarendale Six Corners, a 258-unit seniors housing community in the Portage Park neighborhood of Northwest Chicago. Rising 10 stories at the intersection of Milwaukee Avenue and Irving Park Road, the property features 114 independent living units with one-, two- and three-bedroom layouts, 98 assisted living units and 46 memory care apartments.

July 24, 2023

Development Illinois Industrial Midwest

Principle Construction Completes 21,427 SF Industrial Expansion for Avery Dennison in Mount Prospect, Illinois

by Kristin Harlow July 24, 2023

MOUNT PROSPECT, ILL. — Principle Construction Corp. has completed a 21,427-square-foot office and manufacturing expansion for Avery Dennison in the Chicago suburb of Mount Prospect. The company manufactures retro-reflective sheeting. The project encompasses 11,576 square feet of manufacturing and warehouse space and 9,851 square feet of two-story office space. Cornerstone Architects was the project architect and Vivek Singla of CBRE served as project manager on behalf of Avery Dennison. The facility is located at 902 Feehanville Drive.

July 24, 2023

Acquisitions Development Illinois Industrial Lee & Associates Midwest Self-Storage

Lee & Associates Brokers Sale of Self-Storage Development Site in Bartlett, Illinois

by Kristin Harlow July 24, 2023

BARTLETT, ILL. — Lee & Associates has brokered the sale of a 3.4-acre vacant lot near the southeast corner of West Bartlett Road and Route 25 in the Chicago suburb of Bartlett. The sales price was undisclosed. A new multi-story, self-storage facility is planned for the site. Rick Scardino of Lee & Associates represented the seller, Abbott Land. Dan Lynch of Colliers represented the buyer, Berman-Lapetina.

July 24, 2023

Arizona Development Loans Multifamily Western

StarPoint Properties Receives $52M Construction Loan for Lotus Point Multifamily Project in Mesa, Arizona

by Jeff Shaw July 21, 2023

MESA, ARIZ. — StarPoint Properties has received a $52 million loan for the construction of Lotus Point, a 245-unit apartment community in Mesa. Jeff Sause, Wyatt Strahan and Elle Miraglia of JLL Capital Markets arranged the construction financing for the project through a debt fund. Lotus Point will rise four stories and offer studio, one- and two-bedroom units. Amenities will include a fitness center, clubhouse, coworking facility and community kitchen. On-site parking will include a mix of tuck-under and grade-level parking. Development is slated for completion by early 2025.

July 21, 2023

Newer Posts

Older Posts