National MarketingWalmart Opens Giant, High-Tech Consolidation Center in Central Pennsylvania
GlobeSt.com, August 15, 2022
Company’s biggest in the US, it’s the retailer’s first in eastern part of the country.
Walmart’s high-tech consolidation center in Lebanon, Penn., is now open, according to Transwestern Development Company (TDC) and its equity partner, QuadReal Property Group. Located in central Pennsylvania and covering 400,000 square feet, it’s the mega-retailer’s second such center. This one is slightly larger than its first 340,000-square-foot high-tech consolidation center in Colton, Calif.
Brian Banaszynski, northeast regional partner at TDC, said in prepared remarks that “Success in the e-commerce space hinges on maximizing supply chain efficiencies while continuing to meet consumers’ expectations.”
The building was constructed to accommodate Walmart’s logistics technology, which impacts space design, ceiling height and other property features, Banaszynski tells GlobeSt.com.
Banaszynski said TDC builds both build-to-suit and speculative industrial product. Last year, General Plumbing Supply, Inc. signed a long-term, 300,000-square-foot lease at Piscataway Logistics Center prior to project delivery. He tells GlobeSt.com that currently, TDC has two 750,000-square-foot facilities under construction in the Northeast – one for a global 3PL and one for a Fortune 150 company. Both projects began on a speculative basis, but tenants were secured early in the process.
“We just completed a 500,000-square-foot speculative facility in Hamburg, Penn. (still available), and will be announcing a new build-to-suit project in the coming weeks,” Banaszynski said. At present, TDC has 51 industrial projects totaling 34.14 million square feet under construction, in pre-development or recently delivered nationwide, including more than 8.98 million square feet in the Northeast.
Environmentally friendly apartments coming to Hyattsville, Md.
The Washington Post, July 20, 2022
Construction has begun on the Six, a new apartment building that will be the first in Prince George’s County, Md., designed to meet the requirements of National Green Building Standard Gold certification. The Six, at 6400 America Blvd. in Hyattsville, will be built with sustainable materials and construction processes. In addition, the apartments will have Energy Star appliances, the landscaping will include only native plants, and at least five percent of parking spaces will be allocated as electric vehicle charging stations.
Dallas-area office projects will house more than 10,000 financial sector workers
The Dallas Morning News, August 5, 2022
The Dallas-Fort Worth area leads the country in office building starts this year. And three of the largest office projects in the works for the area have something in common: They’ll house financial firms. Wells Fargo, Goldman Sachs and Teachers Insurance and Annuity Association will build more than 2.1 million square feet of new offices near downtown Dallas, in Las Colinas and Frisco. Those new offices will house more than 10,000 workers.
Reyes Coca-Cola Bottling to locate one of its largest distribution centers in West Dundee
Daily Herald, August 9, 2022
Reyes Coca-Cola Bottling officials announced plans to build a new distribution center in West Dundee and close its St. Charles facility. Construction has already started on a 250,000-square-foot facility in West Dundee’s Canterfield Corporate Campus off Route 31 north of Interstate 90. The site, which will serve as a distribution center for the Chicago area, is expected to be operational in 2024, according to a news release.
EFG Capital Renews 32K-SF Office Lease Renewal at 701 Brickell in Miami
Connect, July 27, 2022
Glenn Gregory of Transwestern represented EFG Capital in a 32,480-square-foot lease renewal at 701 Brickell. The company will occupy the entire ninth floor and a portion of the 13th floor in the office building, which is located in Miami’s Brickell financial and tech neighborhood. Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations.
