4-24-20

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ASHINGTON, DC — Skanska an- nounced the sale of W Newmark Knight Frank represents owner in 11-story, 234,000 s/f sale Skanska sells 99M, commercial office development inDC’s Capitol Riverfront financial, lobbying and interna - tional development industries among others.

ISSUE HIGHLIGHTS Volume 32, Issue 8 April 24 - May 14, 2020

“99M is home to a diverse mix of companies that have traditionally been located in the Central Business District. Their move to 99M in the Capi- tal Riverfront speaks to the attractiveness of this neighbor- hood, the building’s impressive amenities package and its employee-centric design,” said John Gordon , president of Polinger Development Com- pany. “We are confident that 99M will continue to attract and retain a mix of leading com- panies across industry sectors that wish to work in a healthy and comfortable environment with access to all the benefits including transit, convenience and retail, that come with be- ing located in this dynamic neighborhood.” Newmark Knight Frank represented Skanska in the sale. 

99M, an 11-story, 234,000 s/f, LEED Gold, class A office development in Washington, DC’s Capitol Riverfront, to an affiliate of Polinger Develop- ment Co . 99M is currently 93% leased. “This sale affirms our vision for 99M as a highly sought after, employee-focused work- space and reflects our suc- cessful, ground-up leasing strategy,” said Mark Carroll , executive vice president of com- mercial development for Skan- ska USA in Washington, D.C. “We look forward to delivering more new developments that help enliven neighborhoods while creating office space for leading companies throughout the Metro DC region.” 99M provides tenants with a modern office design that al - lows for programing flexibility and efficiency, enabling each BETHLEHEM, PA — The Colliers International team of Mark Chubb, Michael Zerbe, Summer Coulter have assisted TwinMed in the leasing of 189,721 s/f of modern industrial fulfillment space at 1198 Feather Way in the newly constructed Steel City Trade Center, a state- of-the-art class A logistics

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SPOTLIGHTS

UPCOMING CONFERENCES June 18, 2020 6 th Annual NJ Industrial Development Conference September 2, 2020 6 th Annual Commercial Leadership Conference Honoring Women September 9, 2020 5 th Annual PA Healthcare & Medical Conference For speaking and sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com Section C 5-11A RETAIL DEVELOPMENT REIMAGINED SPRING PREVIEW

99M

individual company to fully customize their workspace. In the last year alone, Skanska has signed new office leases at the building with Common-

Grounds Workplace; the Orga- nization for International In- vestment; and GrayRobinson. Other office tenants currently in the building represent the

Colliers reps. TwinMed in optimization of medical supply distribution network new 189K SF lease

1198 Feather Way Photo Credit: CBRE

facility jointly developed by Trammell Crow and Clari- on Partners . TwinMed is the largest med- ical supply distributor solely focused on the post-acute care market, providing products throughout the US within one day from a network of ef- ficient, well stocked facilities. 1198 Feather Way represents a consolidation and expansion of TwinMed’s existing Lehigh Valley and Northern New J ersey operations, joining 13 other sites across the coun- try servicing skilled nursing facilities, assisted living fa- cilities, home care, hospice and

durable medical equipment providers. As a major supplier of per- sonal protection equipment the firm was granted a waiver in the early days of the global coronavirus pandemic to allow the completion of construction for the build-to-suit facility. “Feather Way’s quick access to I-78 made the location a logical choice for TwinMed as it allowed more efficient ac - cess to their client base while offering significant savings through the consolidation of the two operations.” said Mike Zerbe senior managing direc- tor of Colliers International.

The Steel City Trade Center is a speculative development comprised of two distribution buildings – recently completed 1198 Feather Way and 1200 Feather Way which will offer another 294,240 s/f of opportu- nity when completed later this year. The project is near Exit 67 off I-78 in the Lehigh Val- ley Industrial Park VII at the BethlehemCommerce Center. The transaction was com- pleted in coordination with Christopher Volkert of the Colliers Chicago industrial team. Steel City Trade Center was represented by Vincent Ranalli of CBRE. 

Directory CCIM.................................................................... 3A Retail Development Reimagined. .....................5-11A People on the Move............................................14A Owners, Developers & Managers............... Section B Spring Preview........................................... Section C

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