O wners , D evelopers & M anagers
Real Estate Journal — Section B
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M id A tlantic
ashington, DC — Lant i an De - velopment, LLC , Update on Shady Grove Road development project Lantian Development announces new corporate structure, opening of second office W
associated public utilities. Future phases include devel- opment of 1500 Woodley Rd., a 1,027,500 s/f cross dock distri- bution center and 1000 Wood- ley Rd., a 624,500 s/f facility. The master plan provides for the flexibility to expand 1100 Woodley to over 1,500,000 s/f and the future connection of Woodley Rd. to Rte. 715. “Eastgate boasts the rare combination of location, labor and amenities - all with direct access to I-95, the backbone connecting the East Coast’s largest metropolitan areas,” saidWilliamPellington, senior VP with CBRE who repre- sents the project on behalf of MRP Industrial. The master plan was devel- oped in conjunction with Bel Air based Frederick Ward Associates . Ware Malcomb will serve as the architect for the project. The Conlan Com- pany will serve as the General Contractor. n Rd. and Gaither Rd. tenta- tively rebranded as Shady Grove Neighborhood Center, the development will create a new mixed-use environment bifurcated into two distinct par- cels featuring a combination of commercial office space, retail space, a hospitality component and different residential uses. The twelve-acre parcel adja- cent to Shady Grove Rd. will contain 1.3 million s/f of space consisting of 200,000 s/f of com- mercial office space; 100,000 s/f of retail space; up to 1600 multi-family apartment units and a 100,000 s/f full-service hotel. Up to 300 townhouses are slated for the remaining eighteen acres. With an estimated $650 mil- lion development and invest- ment cost, demolition and con- struction activities are expected to commence within portions of the Shady Grove Neighborhood Center, pending Rockville’s ap- proval of the submitted Project Plan and subsequent approval of the Site Plan. n
HI-LIGHTS Feb. 24 - March 9, 2017 a full-service real estate in- vestment and development company headquartered in Bethesda, MD, has announced several changes to its corporate structure; the formation of a new affiliate entity and opening of an office in Washington, DC; as well as an update regarding the 31-acre site in the Shady Grove section of Montgomery County that the firm is devel- oping in partnership with 1788 Holdings, LLC . Formed in 2014, Lantian Development
BALTIMORE, MD — MRP Industrial has recently ac- quired and begun construc- tion on Eastgate 95 Industrial Park. The 243-acre project is approved for three buildings of up to 2,500,000 s/f in Perry- man, Harford County 30 miles north of Baltimore along the I-95 corridor. “MRP Industrial is excited to announce the groundbreak- ing of Eastgate,” said D. Reid Townsend , principal of MRP Industrial. “Located on one of the last remaining industri- ally zoned properties along I-95, Eastgate positions Harford County to provide a cost effec- tive, environmentally conscious facility to a wide range of em- ployers in both the traditional distribution and rapidly ex- panding e-fulfillment industry.” The campus-style setting will include over 100 acres of land- scaped area with 37 acres of new tree plantings under the Mary- land Forest Conservation Act. Lantian Partners formed Lantian Development, build- ing upon its prior work and success, has formed a new affiliate, Lantian Partners . Headquartered inWashington, DC the company will target new strategic partners and investments; develop an EB-5 investment platform that seeks capital investment by foreign investor groups; and will evalu- has formulated a diverse real estate portfolio comprised of six assets, more than 400 acres of developable land and one mil- lion s/f of commercial office, industrial and retail space that is suitable for redevelopment and repositioning. Affiliate company Bob Elliott and BrianMcLaughlin
Shady Grove Road development project
ate future commercial real es- tate investment opportunities located outside the Washing- ton, DC metropolitan region. Brian McLaughlin , who helped start Lantian Develop- ment and served as its founding CEO, will lead Lantian Part- ners as its CEO. McLaughlin will remain involved in Lantian Development, but will focus on directing the day-to-day activi-
ties of the new venture. Project Plan filed for 31- acre development site in Shady Grove Together with partner 1778 Holdings, Inc., Lantian Devel- opment formally filed its Proj- ect Plan in Rockville last week, detailing the new configuration intended for the 31-acre site fronting Shady Grove Rd. and located between Choke Cherry
Green Buildings
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MRP Industrial breaks ground on Eastgate 2.5Ms/f park located inHarfordCounty, MD
Rock Creek Property Group breaks ground on restoration of the historic Takoma Theatre
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KBS REIT II signs 63,969 s/f in leases at LEED-certified, Park Avenue at Morris County
Eastgate 95 Industrial Park rendering Image courtesy of MRP Industrial Located within the Great- er Aberdeen/Havre de Grace Enterprise Zone, Eastgate is bounded by Aberdeen Prov- ing Ground to the east and Amtrak’s Northeast Corridor to the west. Its runs from Rte. 715 (Maryland Blvd.) – the main access to the Army post – about two miles south to the intersec- tion of Woodley and Chelsea Rd. Corporate neighbors with a significant presence in the submarket include Amazon, Proctor & Gamble, Clorox, Pier 1 Imports, Saks Fifth Avenue, McCormick, and XPO Logistics. Phase I includes speculative development of 1100 Woodley Rd., a 656,800 s/f , class A cross-dock distribution center scheduled for delivery in Fall 2017 along with a two-mile extension of Woodley Rd. and
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