TCC Breaks Ground on 323,750-SF Industrial Development in New Hampshire
50 Robert Milligan Parkway is TCC Boston’s First Venture in Merrimack, New Hampshire
May 18, 2023
The Boston office of Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner Diamond Realty Investments broke ground on 50 Robert Milligan Parkway (50 RMP). Construction is now underway on the 323,750-square-foot Class A industrial building, which will deliver in Q4 2023. The JV closed on the land for the development in December 2022.
“50 Robert Milligan Parkway will deliver much-needed quality industrial and logistics space to the supply constrained Greater Boston Industrial market. The property is ideal for a variety of users that want to expand in the Northeast region. The site’s proximity the Ayer Intermodal freight system, as well as the cargo hub at the Manchester-Boston Regional Airport, are just two of the attributes that will set this development apart from others in the market,” said Sam Schaefer, Principal and Market Leader for TCC Boston. “We look forward to working with our project partners to deliver 50 RMP later this year and securing a strong tenant roster for the building.”
The new Class A rear-load facility is situated on 43 acres and will feature 36’ clear height, 48’ 4” x 52’ column spacing, 53 dock doors, 131 trailer drops, an ESFR fire suppression system, LED lighting, as well as 2,000 square feet of office space. The building is being marketed for lease by CBRE and is designed with flexibility in mind, capable of servicing users ranging from 50,000 square feet, up to a full-building user.
Macgregor Associates is 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.
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.
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.