Trammell Crow breaks ground on 323,750-square-foot industrial building in Merrimack
50 Robert Milligan Parkway is global real estate firm’s first New Hampshire project
An official groundbreaking ceremony was held May 18 on a new 323,750-square-foot Class A industrial building in Merrimack, with expectations that it will be completed by the end of the year.
The building, 50 Robert Milligan Parkway, is being developed by the Boston office of commercial real estate giant Trammell Crow Company and joint venture partner Diamond Realty Investments.
“50 Robert Milligan Parkway will deliver much-needed quality industrial and logistics space to the supply constrained greater Boston industrial market,” said Sam Schaefer, principal and market leader for Trammell Crow in Boston.
He cited the site’s proximity the Ayer Intermodal freight system, about 25 miles away, as well as the cargo hub at the Manchester-Boston Regional Airport, about five miles away.
The rear-load facility sits on 43 acres and will feature 36-foot clear height, 48-foot 4-by-52 column spacing, 53 dock doors, 131 trailer drops and 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, the company said
Atlanta-based Macgregor Associates is architect of record, RC Anderson of Fairfield, N.J., is general contractor and Bohler Engineering’s Bedford office is the civil engineer. Santander Bank provided the construction loan.
