Type of Project: Opportunistic Redevelopment for Multi-Tenant; mixed-use
Service Type: Separately Managed Account
Age: 1970, Redevelopment 2016-2019
Closing: Land closing 2016, final hand-off December 2019
Originally a 3-story, functionally obsolete heavy manufacturing facility, the property was comprehensively redeveloped into a state of the art, four story, life sciences and logistics facility. The property was certified DGNB Gold,
During construction the top two floors of the property and a bit of the ground floor space were leased to Germany’s largest medical testing company, Synlab, for medical diagnostic purposes. Synlab proposed a highly sophisticated build-out including prefabricated, self contained air handling and lighting units to address ventilation challenges of myriad diagnostics being performed on site.
The property is located on a sloped site, permitting ground level loading on several sides of the building. A two story parking structure was added to the building to accommodate the increased density of use
The airport submarket is in high demand for logistics and the bulk of the property was leased during the construction period,