NORRISTOWN, PA. — Colliers has brokered the $22.5 million sale of a 262,000-square-foot community service center located at 1430 Dekalb Ave. in Norristown, a northwestern suburb of Philadelphia. The 3.1-acre site of the five-story building was formerly home to Sacred Heart Hospital and includes a parking deck. Eric Grad of Colliers, in conjunction with CBRE and local brokerage firm Flynn Co., represented the seller in the transaction. Both parties involved requested anonymity.
YONKERS, N.Y. — Locally based brokerage firm OPEN Impact Real Estate has arranged the $52.6 million sale of a 265,000-square-foot campus in Yonkers. The campus, a portion of which extends into The Bronx, consists of 25 buildings on a 28-acre site. The property, which serves as the headquarters of social services agency Rising Ground, houses several recreational amenities, including indoor and outdoor pools, a baseball field and an indoor basketball court. Lindsay Ornstein, Stephen Powers, Arthur Skelskie and Alexander Smith of OPEN Impact represented Rising Ground in the transaction. The buyer, National Resources, plans to take occupancy of the campus at a future date, with Rising Ground retaining three acres for various programs.
ELY, MINN. — Kraus-Anderson has completed a $21.4 million renovation and expansion project for Ely Public Schools in Ely, a city in Northwest Minnesota. The district is comprised of Ely Memorial High School and Washington Elementary and serves approximately 550 students. Designed by Architectural Resources Inc., the project consisted of a renovation of the two existing schools. Kraus-Anderson added a 39,000-square-foot common area that connects both the schools. The addition houses new classrooms, a gymnasium, media center, music room, metals shop, wood shop and a cafeteria with commercial kitchen equipment. Both schools now feature upgraded HVAC systems. New locker rooms were added to the high school and an early family childhood education area was added to the elementary school.
FORT WAYNE, IND. — Clayco will renovate and expand the East Terminal at Fort Wayne International Airport in Indiana. Construction is scheduled to begin in May and includes the renovation of approximately 10,500 square feet of concourse area as well as the expansion of roughly 5,000 square feet of space designated for airport operations. Mead & Hunt is the project architect. Plans also call for relocating all airline gates and passenger boarding bridges to the second level, expanding the TSA security checkpoint area, relocating the airport restaurant, and creating a new frequent flyer lounge. Clayco will demolish existing interior and structural components to expand the building outward and vertically over the first floor. Completion of the project is slated for June 2025.
ARLINGTON, TEXAS — The Dallas Cowboys are planning approximately $295 million in renovations to AT&T Stadium, according to reports from multiple sports media outlets, including Sports Business Journal (SBJ), which originally broke the news. Nicknamed “Jerry World” after Cowboys owner Jerry Jones, the complex originally opened in 2009 and seats approximately 100,000 fans. SBJ reports that the project is designed to enhance certain seating areas and upgrade select pieces of technological infrastructure. In addition to Cowboys games, AT&T Stadium annually hosts college football’s Big 12 Championship and Cotton Bowl and will also be one of the North American host venues for the 2026 World Cup.
BRIDGEPORT, CONN. — Locally based brokerage firm Choyce Peterson has negotiated the sale of a 30,000-square-foot office building in Bridgeport, located in the southern coastal part of the state. An entity doing business as Courtland Street Partners LLC sold the freestanding building to an affiliate of Adam J. Lewis Academy for an undisclosed price. Scott Peterson and Charlene O’Connell of Choyce Peterson brokered the deal. The new ownership plans to convert the building into an expansionary facility for its main school.
VIOLET, LA. — Louisiana Gov. John Bel Edwards has announced a public-private partnership between the State of Louisiana, the Port of New Orleans (Port NOLA) and two global maritime industry leaders to build a $1.8 billion container facility on the Lower Mississippi River. The new Louisiana International Terminal (LIT) will be located in Violet, a tiny municipality of fewer than 6,000 residents approximately 10 miles downriver from New Orleans proper. The new facility will be able to serve vessels of all sizes, dramatically increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates. New Jersey-based Ports America, one of North America’s largest marine terminal operators, and Switzerland-based Mediterranean Shipping Co., through its terminal development and investment arm Terminal Investment Limited (TiL), have committed $800 million toward the project. In addition to the partners’ investment, the construction of the terminal will be supported by a substantial commitment from Port NOLA, as well as state and federal funding sources. The joint venture will operate the terminal once construction is complete. “This public-private partnership with the Port of New Orleans, TiL and Ports America has the potential to become one of …
CYPRESS, TEXAS — The Waller Independent School District (ISD) has acquired 19 acres within Bridgeland, a master-planned development in the northwestern Houston suburb of Cypress, with plans to build a new elementary school. A construction timeline for the school, which will serve about 850 students, has yet to be established. The Howard Hughes Corp. (NYSE: HHC) is the master developer of Bridgeland and sold the land to Waller ISD. A general contractor has not yet been appointed.
FORT WORTH, TEXAS — Texas Christian University (TCU) has broken ground on a 95,000-square-foot medical education building in Fort Worth. The Anne Burnett Marion School of Medicine, named after a late area philanthropist, will be located in the Near Southside District and will be able to support 240 students. Project partners include design firms CO Architects and Hoefer Welker, engineering firms Dunaway and SSR Inc. and construction manager Linbeck. Completion is slated for July 2024.
PINE ISLAND, MINN. — Kraus-Anderson Construction has completed a $6.1 million early childhood center for Pine Island Schools. The 20,356-square-foot project is located at 223 1st Ave. SE in Pine Island, about 17 miles north of Rochester. Designed by Wendel Architects, the two-story early childhood center features classrooms and a 2,000-square-foot multipurpose area. There are also indoor and outdoor playgrounds and offices for staff.