TCC Announces Plans for 323,750-SF Industrial Building in New Hampshire
December 14, 2022
Located North of Nashua, the Facility is TCC’s First Development in New Hampshire
The Boston office of Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner Diamond Realty Investments closed on the land for a Class A industrial facility in New Hampshire. Located at 50 Robert Milligan Parkway (50 RMP) on a 43-acre site in Merrimack, the future facility will include 323,750 square feet of industrial space. The project is slated to deliver in Q4 2023.
The new Class A rear-load facility will feature 36’ clear height, 48’ 4” x 52’ column spacing, 53 dock doors, an ESFR fire suppression system, LED lighting, as well as 2,000 square feet of office space. The building is designed to be multi-tenanted, capable of servicing users ranging from 50,000 to a full building user.
“Southern New Hampshire offers a logical and compelling expansion path for end users looking to enter, expand, or maintain their logistics footprint in the Greater Boston industrial market, which is severely supply constrained right now,” said Elisha Long, Senior Vice President with TCC Boston. “Our project is well-located, just north of Nashua and within an hour’s driver of Boston. The site is accessible to a Class A freight system via the Ayer Intermodal, as well as Manchester-Boston Regional Airport that serves as a major cargo hub, checking many of the boxes that today’s industrial user has for a distribution facility. We are excited to move forward with construction and deliver this much-needed facility to the market next year.”
50 RMP is located 48 miles north of Boston and is adjacent to U.S. Route 3 and the FE Everett Turnpike, one of the primary arteries servicing the north market, along with Interstate 93, Interstate 95, and U.S. Route 1.
Project partners include Macgregor Associates serving as the architect of record, RC Anderson acting as the general contractor and Bohler is the project’s civil engineer. Santander Bank provided the construction loan and CBRE is handling the marketing and leasing for the facility.
About Diamond Realty Investments
Diamond Realty Investments is a national leader in the investment and development of Multifamily, Student Housing, Senior Housing, Medical Office and Industrial real estate properties. Specializing in joint venture partnerships DRI has invested in more than 200 Multifamily, Student Housing, Senior Housing, Medical Office and Industrial properties with a total acquisition and development cost surpassing $11.0 billion. For more than 30 years, Diamond Realty has partnered with the nation’s leading developers to create best in class Housing and working environments. For more information about Diamond Realty investments please visit our website www.diamondrealtyinvestments.com
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.