RESTON, VA. AND KENSINGTON, MD. — Arcland Property Co. has opened two self-storage facilities totaling 2,414 units. The first property is located at 1808 Michael Faraday Court in Reston. The four-story building is situated 20 miles west of downtown Washington, D.C. The property offers 1,100 climate-controlled and drive-up units. According to property manager Self Storage Plus, rents at the facility range from $31 to $443 per month. The second property is located at 4900 Nicholson Court in Kensington, 12 miles north of downtown D.C. The asset offers 68 drive-up and 1,246 climate-controlled units. Rents at the location range from $28 to $434 per month. Self Storage Plus will manage both properties, marking the Washington, D.C.-based company’s 44th and 45th managed facilities.
OKLAHOMA CITY — Amazon (NASDAQ: AMZN) will open a 1 million-square-foot fulfillment center in Oklahoma City in a move that is expected to create about 500 new full-time jobs. The developer and location of the facility, which is expected to open some time in 2021, were not disclosed. Since 2010, Amazon has created more than 4,000 jobs in Oklahoma and invested more than $650 million across the state, including infrastructure and compensation to its employees. The company also recently announced plans to open new facilities in metro Houston and Waco.
BOSTON — Skanska, an international developer based in Sweden, has paid $177 million to acquire land in Boston’s Back Bay neighborhood for the development of a 27-story office building. The building will be located at 380 Stuart St. and will also house street-level retail space and a below-ground parking deck. The seller of the land was John Hancock Life Insurance Co. A construction timeline was not disclosed.
GARDEN CITY, GA. — McCraney Property Co. has broken ground on Main Gate Logistics, a four-building, 1.3 million-square-foot industrial park in Garden City. The asset will be situated at 1 Prosperity Drive, eight miles west of the Garden City Terminal at the Port of Savannah. West Palm Beach, Fla.-based McCraney expects to deliver the first building in the third quarter of 2021 and be fully built out by the first quarter of 2022. The four buildings will feature ESFR sprinklers, LED lighting and a range of 180- to 195-foot truck courts, 32-foot to 36-foot clear heights, 54 to 96 docks and 41 to 124 trailer parking spaces. Evans Construction is the general contractor, and Ware Malcomb is the architect. All four buildings are being built on a speculative basis.
MISSOURI CITY, TEXAS — Amazon (NASDAQ: AMZN) will open a 1 million-square-foot fulfillment center in Missouri City, a southwestern suburb of Houston, in a move that is expected to create about 500 new full-time jobs. The location of the facility, which is expected to open some time in 2021, was not disclosed. Since 2010, Amazon has created more than 43,000 jobs in Texas and invested more than $16.9 billion across the state, including infrastructure and compensation to its employees.
NEW CANEY, TEXAS — Lowe’s (NYSE: LOW) will open a 1.5 million-square-foot distribution center on the northern outskirts of Houston, creating about 200 jobs in the process, according to reports from multiple news outlets including Community Impact Newspaper and the Houston Business Journal. According to the former publication, the home improvement retailer’s new center will be located along Gene Campbell Road in New Caney at the East Montgomery County Improvement District’s industrial park. Local ABC affiliate abc13.com also reports that the facility is expected to open in July and represents approximately $65 million in public and private capital investment. The stock price of Lowe’s opened at $151.99 per share on Friday, Dec. 3, up from $115 per share a year ago.
LAS VEGAS — Brass Cap Development is nearing completion on Brass Diablo, a $5 million industrial complex in Las Vegas. LM Construction as design-build contractor utilized the Tilt Insulating Panel System, which enables crews to lift warehouse walls in one day during the building’s construction. Located at the southwest corner of Diablo Drive and Edmond Street, the facility features 25,000 square feet of industrial space, with 10,000 square feet remaining for lease. Bleu Blanc Rouge, a Las Vegas-based caterer, has leased 15,000 square feet of space at the property. Paul Sweetland, Dan Doherty, Chris Lane and Jerry Doty of Colliers International are handling leasing for the remaining available space.
MEBANE, N.C. — Chick-fil-A will develop a $52 million distribution center in the Durham suburb of Mebane. The property is expected to open in early 2022 and house 160 employees. The facility will be situated about 25 miles west of downtown Durham near Interstate 85. In 2019, the Atlanta-based restaurant chain launched its distribution company, Chick-fil-A Supply LLC, to serve its restaurants. This will be Chick-fil-A’s second distribution center, joining the location in Cartersville, Ga. Chick-fil-A operates 2,600 restaurants in 47 states, Washington, D.C. and Canada.
ATLANTA — Boston Consulting Group (BCG) will invest $18 million in a 60,000-square-foot office expansion at 100 Peachtree Street NE in downtown Atlanta. The project will add 331 full-time jobs comprising administrative services, human resources, finance, information technology, operations and design. BCG opened its first Atlanta office in 1995 and expanded in 2017 to have 268 employees in the Peach State. The company also owns BrightHouse, an Atlanta-based global creative consultancy with a focus on brand strategy that is located in Ponce City Market in the Old Fourth Ward district. When this expansion in Atlanta is complete, BCG and BrightHouse will employ more than 900 Georgians across three metro Atlanta offices. A timeline for completion was not disclosed.
WEST POINT, GA. — Hyundai Transys will develop a $240 million advanced manufacturing facility in West Point. The building will span 620,000 square feet and is expected to bring 678 full-time jobs to the area. Hyundai Transys specializes in transmissions and the new facility will produce eight-speed transmissions for Kia. The exact location of the new plant was not disclosed, though Georgia Gov. Brian Kemp’s office says it is near the company’s existing plant within the Kia campus. A timeline for construction was not disclosed.