{"id":1004635944,"date":"2022-12-19T04:06:47","date_gmt":"2022-12-19T12:06:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004635944"},"modified":"2023-03-22T22:38:21","modified_gmt":"2023-03-23T06:38:21","slug":"trammel-crow-jv-to-build-new-hampshire-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/","title":{"rendered":"Trammell Crow JV to Build New Hampshire Industrial Project"},"content":{"rendered":"
\"\"

50 Robert Milligan Parkway. Image courtesy of Trammell Crow Co.<\/p><\/div>\n

A joint venture between Trammell Crow Co.<\/strong> (TCC) and Diamond Realty Investments<\/strong> has acquired 43 acres of land for the construction of a 323,750-square-foot industrial distribution facility in Merrimack, N.H. The site’s previous owner was Rykel Co<\/strong>. Inc., according to CommercialEdge data. The project is slated for completion in the fourth quarter of 2023.<\/p>\n

Public records show that the joint venture took out a $32.6 million construction loan from Santander Bank<\/strong>. The development team includes Macgregor Associates<\/strong> as architect and Bohler<\/strong> as civil engineering consultant, while RC Anderson<\/strong> will serve as general contractor. In addition, CBRE<\/strong> has been tapped to market and lease the property.<\/p>\n

The multi-tenant facility will come online at 50 Robert Milligan Parkway. Upon delivery, the warehouse will feature 36-foot clear heights, 48-foot by 52-foot column spacing, 53 dock doors and an ESFR sprinkler system, in addition to 2,000 square feet of office space.<\/p>\n

Situated just east of Everett Turnpike, the development site is within 11 miles of the Manchester-Boston Regional Airport, in addition to having quick access to intermodal rail infrastructure. Downtown Boston is some 50 miles south.<\/p>\n

\n

READ ALSO: <\/strong>Trends That Will Shape Industrial Real Estate in 2023<\/span><\/a><\/p>\n

\n

Elisha Long, senior vice president at TCC\u2019s Boston office, detailed the facility\u2019s location further to Commercial Property Executive;<\/em>\u00a0 “Located within an hour’s drive of Boston, 50 Robert Milligan Parkway is an ideal location for users looking for high-quality industrial space in a supply constrained market. The location affords connectivity to Boston and the larger MSA via multiple highways and is, importantly, easily accessible to Manchester-Boston Regional Airport, which serves as a major cargo hub. The site is also accessible to a large pool of talent, which is appealing to companies looking to either enter or expand their footprint in and around the Boston region.”<\/p>\n

Trammell Crow triumphs<\/h2>\n

With 73 million square feet under construction nationwide at the end of June, TCC was the nation\u2019s largest developer of commercial space in 2022, according to a recent Commercial Property Executive<\/em> ranking<\/a>.<\/p>\n

The firm’s current high-profile industrial development endeavors include a partnership with CBRE Investment Management for the construction of the Cochrane Technology Center<\/a>, a five-building, 500,000-square-foot industrial project in Silicon Valley.<\/p>\n

Also, in October, TCC broke ground on the 600,000-square-foot third phase of the Golden Triangle Logistics Center<\/a> in Las Vegas. At full build-out, the industrial park will encompass nearly 2.9 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Santander Bank provided $32.6 million in construction financing.<\/p>\n","protected":false},"author":3012,"featured_media":1004635943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21782,21748,21742,10],"tags":[51803,33974,51802,51804,51801,32893],"class_list":["post-1004635944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-development","category-industrial","category-latest","category-northeast","tag-bohler","tag-diamond-realty-investments","tag-macgregor-associates","tag-rc-anderson","tag-rykel-company","tag-trammell-crow-company"],"acf":[],"yoast_head":"\nTrammel Crow JV to Build New Hampshire Industrial Building - CPE<\/title>\n<meta name=\"description\" content=\"Trammel Crow Corp. and Diamond Realty have acquired 43 acres for the construction of a Class A industrial building in Merrimack, N.H.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow JV to Build New Hampshire Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Trammel Crow Corp. and Diamond Realty have acquired 43 acres for the construction of a Class A industrial building in Merrimack, N.H.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T12:06:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-23T06:38:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/TCC_Media_BOS_50RMP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/\",\"name\":\"Trammel Crow JV to Build New Hampshire Industrial Building - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/TCC_Media_BOS_50RMP.jpg\",\"datePublished\":\"2022-12-19T12:06:47+00:00\",\"dateModified\":\"2023-03-23T06:38:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"Trammel Crow Corp. and Diamond Realty have acquired 43 acres for the construction of a Class A industrial building in Merrimack, N.H.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammel-crow-jv-to-build-new-hampshire-industrial-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/TCC_Media_BOS_50RMP.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/TCC_Media_BOS_50RMP.jpg\",\"width\":800,\"height\":620,\"caption\":\"50 Robert Milligan Pkwy. 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