The Boston office of international developer Trammell Crow Co. and JV partner Diamond Realty Investments announced the groundbreaking on 50 Robert Milligan Parkway, a 323,750-square-foot class A industrial building in Merrimack, scheduled for deliver in the fourth quarter of this year. The JV closed on the land for the development in December.
“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,” Sam Schaefer, TCC Boston principal, said in a statement. “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 rear-load facility is situated on 43 acres and will feature 36-foot clear height, 48-foot-4-inch by 52-foot column spacing, 53 dock doors, 131 trailer drops, an ESFR fire suppression system and 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, TCC said, capable of servicing users ranging from 50,000 square feet, up to a full-building user.
Macgregor Assoc. is 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, along with Interstate 93, Interstate 95 and U.S. Route 1.