O wners , D evelopers & M anagers
M id A tlantic Real Estate Journal — December 2023 — 5A
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Ellis Mass Timber Construction Team: IMC Construction, D2 Groups, and O'Donnell & Naccarato Equus Capital Partners tops out on Philadelphia region’s first mass timber commercial office building
HI-LIGHTS DECEMBER 2023 celebrated the final phase of construction on Ellis Preserve, a 218-acre master planned mixed- use live, work, play community located in Newtown Square. The last phase of development includes The Village, a retail, dining, and lifestyle destination anchored by the AC Marriott Hotel and Ellis Mass Timber, the Philadelphia region’s first mass timber commercial real estate building. Ellis Preserve is a mixed- N EWTOWN SQUARE , PA — Equus Capi - tal Partners, Ltd.
chitecture, walkable outdoor trails, and unparalleled corpo- rate amenities. Ellis Preserve is owned by Equus affiliates and has been in various phases of development since 2004. Ellis Mass Timber Nestled within the core of The Village at Ellis Preserve, Ellis Mass Timber is a five- story, 105,000 s/f commercial office space focused on sustain - able practices. Mass timber is a naturally renewable and energy efficient alternative to traditional steel and concrete construction, reducing carbon emissions while storing carbon within the structure. In addi- tion, the materials’ prefabri- cated panels and lighter weight reduce shipping and labor costs when compared to traditional construction methods. At Ellis Mass Timber, the process from groundbreaking to topping out took just 11 weeks. Regionally, Equus Capital Partners is the first and only company that is actively applying mass timber in commercial real estate. Equus Capital Partners be- lieves that Mass Timber is the future — not only for office
space but for its tremendous applications in residential, medical, industrial and hos- pitality uses,” said Spaeder. “The engineered wood product offers a myriad of benefits – it is environmentally sustainable, visually and sensorially attrac- tive, and ESG friendly.” The Ellis Mass Timber con- struction team is comprised of IMC Construction (contrac- tor), D2 Groups (architect) and O'Donnell & Naccarato (structural engineer). The AC Marriott Hotel and The Ivy Conference Center are currently under construction as well. The Marriott is set to have 140 guest rooms includ - ing multiple suites and meet- ing rooms. The Ivy Conference Center, an 18,000 s/f banquet facility, is the latest offering from the Finley organization and will host its first event in September of 2024. The Village will link all parts of Ellis Preserve in a cohesive network bringing office build - ings, residential neighborhoods, dining, hotel, shopping desti- nations and amenity locations within walking distance. MAREJ first-floor entrance of Galleria Towers to provide a more retail- like atmosphere, Hill Manage- ment Services installed a con- ference room that can accom- modate 24 people and which is available for tenant and non-tenant use. Additionally, a fitness center with TechnoGym technology has been added for tenants to utilize 24/7. “This recent leasing activ- ity validates our ongoing in- vestment in Galleria Towers and we remain committed to providing best-in-class real es- tate environments throughout our portfolio,” said Danielle Beyrodt , VP and COO of Hill Management Services. “These investments are driven by pro- viding comfort and high-quality office space to our tenants, but we also want them to be proud of and motivated by their office space.” MAREJ
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Proper winter parking garage maintenance controls costs and prevents long-term disruption
Equus celebrated the final phase of construction on Ellis Preserve.
use campus that blends the region’s premier office, retail,
residential and community offerings with historical ar-
Hill Management Services sparks leasing surge at Galleria Towers with three new company leases
BALTIMORE, MD — Konare Law and Peak Man - agement, LLC recently signed leases with Hill Management Services, Inc. for new space at Galleria Towers and HWK Law Group, LLC and sister com- pany, Lawyers Express Title, LLC expanded their presence within the eight-story building located in the Lutherville sec- tion of Baltimore County. The cumulative leasing ac- tivity, which totaled nearly 17,000 s/f of space, follows the execution of Hill Manage- ment’s $3 million property enhancement program at the building. Ashley Zito , senior leasing manager and Danielle Bridge, leasing manager for Hill Management Services, Inc. represented the landlord in all three leasing transactions. “The availability of free park- ing and a large surface parking
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McAlpine & H2M finish structural work and building enclosure
Galleria Towers
lot was a significant consider - ation in our decision to move here,” added HWK and LET partner Nicole Hewitt . “The ability to walk to restaurants, an amazing on-site deli and
our Pilates classes are addi- tional bonuses. We spend a lot of time in the office so having a few walkable luxuries is a nice treat.” In addition to updating the
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