Ridgeline Property Group Under Construction on Hanover Business Center

Baltimore, MD, January 15, 2019 – Ridgeline Property Group (RPG) has broken ground on Hanover Business Center, a 101,000 square foot Class-A distribution center. Located minutes from the Baltimore/Washington International Airport at 1250 Stoney Run Road in Hanover, the project is expected to be completed in the summer of 2019.

Hanover Business Center features 28-foot clear heights, ESFR fire sprinklers, 50’ x 50’ column spacing, 26 dock doors, 2 drive-in doors, 1.4 parking spaces per thousand square feet, a 120-foot truck court, and separate entrances for cars and trucks.

The 7.9 acre site is just 10 minutes (5.4 miles) from Interstate 95, the major north-south route on the Eastern Seaboard serving areas from Florida to Maine and only 21 minutes (11.5 miles) from the Port of Baltimore.

“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are produced in A+ locations as well as product designed to accommodate the needs of today’s e-Commerce and distribution users,” said Greg Thurman, CEO of Ridgeline Property Group.

Michael Roden of CBRE’s Baltimore office has been selected to market the property. Glen Arm Building Company, LLC will serve as the General Contractor. MGMA is the architect and Urban Engineering is the civil engineer for the project.

Currently, Ridgeline Property Group has 9 million square feet under construction across the United States.

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Dallas, Houston and California.

Ridgeline Property Group to Develop 728,000 SF Logistics Center in McDonough, GA

The facility named McDonough Logistics Center will be located in Atlanta’s premier bulk industrial sector.

McDonough, GA, November 6, 2018 – Ridgeline Property Group (RPG) announced today it will develop McDonough Logistics Center, a 728,000 square foot Class A industrial facility. Located at 875 Highway 42 South in McDonough, Georgia, the building is expected to be completed in Fall 2019.

Features of the cross-dock facility include 36’ clear height, 60’ speed bays, 148 dock doors, 4 drive-in doors, TPO roof system, Ductilcrete slab, ESFR sprinkler system, 210 trailer storage spaces and 311 car parking spaces.

“We are thrilled to be developing in the I-75 South Corridor again, more specifically in the City of McDonough. This development enjoys immediate access to I-75, a highly competitive basis and an efficient design for multi-tenant flexibility. We look forward to engaging the 300,000 to 700,000 square foot prospects looking for a strategic South Atlanta location,” said Michael Gray, President of Ridgeline Property Group.

“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are produced in A+ locations as well as product designed to accommodate the needs of today’s e-Commerce and distribution users,” added Greg Thurman, CEO of Ridgeline Property Group.

Ben Logue and Price Weaver of Colliers International have been selected to market the property. The Conlan Company will serve as the General Contractor. Pieper O’Brien Herr is the architect. Rose Leypoldt will manage the project for RPG.

Including this project, RPG will have developed in excess of 6 million square feet of industrial product in the greater Atlanta market over the last 3 years. The company currently has over 9 million square feet under construction across the United States.

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Texas and California.

Ridgeline Property Group and Archway Properties to Develop 685,400 Square Foot Park Air 59 in Humble, TX

RPG and Archway Properties form a joint venture in the State of Texas to develop commercial real estate properties

Humble, TX, September 11, 2018 – Ridgeline Property Group (RPG) announced today that it will form a joint venture with Archway Properties in the State of Texas. The venture’s first project will be the Park Air 59 industrial development, a 685,400 square foot industrial facility in Humble, Texas.

Located at Highway 59 and Will Clayton Parkway, Park Air 59 is only two miles from the Houston International Airport. The site also offers proximity to the Fed Ex Ground facility (7 miles), Port of Houston (25 miles), Houston Hobby Airport (27 miles) and Bayport Terminal (40 miles).  The property is just 3 miles from Beltway 8 and 10 miles from Grand Parkway.

Don Dennis, Managing Partner of Archway Properties stated, “It is exciting for us to be partnering with RPG in Texas. We believe their national relationships with capital sources, brokers and tenants, coupled with our local market expertise, creates an exceptional platform for us to grow our industrial presence.”

“Ridgeline Property Group is elated to partner with Archway Properties and expand our presence in the State of Texas. Ridgeline Property Group and the Archway team had a very successful previous working relationship and we are excited to continue RPG’s national platform growth,” said Greg Thurman, CEO of Ridgeline Property Group.

Ridgeline Property Group and Archway Properties are teaming with USAA Real Estate to develop the Park Air 59 project.

Scheduled for completion in the second quarter of 2019, the cross-dock facility will include 40-foot clear height, 8” slab, 60’ x 55’ column spacing with 65’ staging bays, ESFR sprinkler system, 153 dock high doors, 4 drive-in doors, 180’ truck court, 242 trailer parking spaces and 332 auto parking spaces. In addition, the site has a favorable Ad Valorem tax rate which was 2.47% in 2017.

Park Air 59 will be the first speculative 40’ clear height building in the Houston area.

Mark Nicholas, SIOR, Richard Quarles, CCIM and Joe Berwick of Jones, Lang, LaSalle, are marketing the property for lease.

Houston is the 4th largest city and 8th largest industrial market in the United States.  It has had the highest population growth of top 10 largest cities in the U.S. during the past 5 years and home to 26 Fortune 500 companies.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.  For additional information, please visit www.ridgelinepg.com.

About Archway Properties

With offices in Houston and Dallas, Archway Properties offers a broad range of real estate services to its clients and partners including acquisition, development, project management and asset management. Our principals have successfully completed projects with a total value in excess of $1 billion. For more information, please visit www.archwayprop.com.

Air 59 Logistics Center

Air 59 Logistics Center

Highway 59 & Will Clayton Parkway, Humble, TX

Air 59 Logistics Center Building Image-web

Status: Under Construction
Property Type: Bulk Industrial
Project Type: Speculative
Size: 685,400 SF / 38.8 Acres

Brochure | Site Plan

Located in Humble, Texas, Air 59 Logistics Center is a 685,400 square foot cross-dock logistics facility. The site has visibility and direct access to I-69 (US 59) at Will Clayton Parkway. Building specifications include 40’ clear height, 60’ x 55’ column spacing, 65’ staging bays, 4 drive-in ramps, 242 trailer parking spaces, 332 auto parking spaces, ESFR sprinklers, 180’ truck court depth and office-to-suit. The property is two miles from the Houston International Airport. It also offers proximity to the Fed Ex Ground facility (7 miles), Port of Houston (25 miles), Houston Hobby Airport (27 miles) and Bayport Terminal (40 miles). Completion of the Class A building is scheduled for the second quarter of 2019.

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Ridgeline Property Group Breaks Ground on 400,000 SF Crossroads Logistics Center in Jonestown, PA

Jonestown, PA., May 12, 2016 – Responding to continuing Class A bulk warehouse space demand in the healthy Central Pennsylvania industrial market, Ridgeline Property Group (RPG) has broken ground on a 398,250-square-foot industrial speculative building in Jonestown, Pa. American Realty Advisors and RPG have created a joint venture to develop Crossroads Logistics Center, which will be built on a 35-acre site providing immediate access to Interstate 81.

Crossroads Logistics Center is anticipated to be completed in December 2016. Jake Terkanian, Joe McDermott and Vince Ranalli of CBRE’s Philadelphia office have been selected to market the property for lease.

“With strong absorption rates combined with limited competitive supply, this market is primed for the modern, efficient, cross-docked Class A distribution space that Crossroads Logistics Center will provide,” said Chris Ciliberti, Partner of Ridgeline Property Group’s northeast operations.

Greg Thurman, RPG’s CEO added, “This is RPG’s second project in Pennsylvania, and we are excited to continue to expand the RPG platform nationally, and particularly in the Central Pennsylvania market.”

Crossroads Logistics Center’s strategic location at the confluence of I-81 and I-78 provides excellent access throughout the Northeast region. Located approximately 20 miles northeast of Harrisburg, the large and well-trained workforce within a 30-minute commute creates a strong incentive for companies to operate in this location. The overall vacancy rate for Class A product in Central Pennsylvania is just above 4 percent, placing supply at shortage levels, and absorption has remained strong.

“We’re pleased to partner with a best-in-class developer, Ridgeline Property Group, on this Class A industrial building in this crucial distribution market. RPG has a successful track record developing bulk distribution space across the country, and we look forward to partnering with them on Crossroads Logistics Center to provide the Central Pennsylvania market with much-needed Class A distribution space,” said Martha Shelley, Senior Portfolio Manager at American Realty Advisors.

Located on MSC Drive in Jonestown, Pa., Crossroads Logistics Center is just over three quarters of a mile from I-81, and just over two miles from the I-81/I-78 Interchange, two major north-south and east-west routes, respectively, that connect the project to Philadelphia, Washington, D.C., Baltimore, New York and other important industrial markets. In addition, the location offers distributors and manufacturers convenient access to three major intermodal rail stations, as well as FedEx and UPS distribution hubs. “The investment in a new ground up, Class A, distribution facility in this critical Central Pennsylvania location is a strategic investment for American and is anticipated to provide favorable risk-adjusted returns to our investors,” added Shelley.

The 398,250-square-foot distribution facility is expandable to 450,000 square feet, and will feature 36-foot clear heights, 85 dock doors in a cross-docked configuration, four drive-in doors, highly efficient 55-foot by 56-foot column spacing, early suppression fast response (ESFR) fire sprinklers and high-capacity parking, including 206 auto spaces and 116 trailer storage stalls. Additional parking and trailer storage stalls can be made available. The project has received the LERTA (Local Economic Revitalization Tax Assistance) Tax Abatement at the township level, with County and School District approval expected in mid-May 2016.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please contact www.ridgelinepg.com.

About American Realty Advisors

With over $7.3 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. For over 27 years, American has managed capital for institutional investors utilizing core and value-added commingled funds and separate accounts. American acquires assets directly or provides equity, preferred equity, mezzanine debt, debt, and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties. More information regarding American can be found at www.americanreal.com.

Ridgeline Property Group to Develop 438,150 SF Distribution Center in Crest Hill, IL

RPG teaming with capital partner Cabot Properties to develop Class A facility at prime location near I-55 Interchange north of Joliet

Crest Hill, Ill., December 15, 2015 – Ridgeline Property Group (RPG) announced today that it will develop a 438,150-square-foot, Class A distribution center in Crest Hill, Ill., with capital partner Cabot Properties Inc. The project will be built on a 29-acre site that is located within the vibrant I-55 submarket. RPG and Cabot Properties acquired the site in the Crest Hill Industrial Park in September.

Site work is under way and pre-cast concrete/steel work will begin in January 2016, with completion slated for August 2016. David Bercu and Jim Estus, both Principals at Colliers International, will market the property for lease.

“Demand in the market remains strong but there is a limited supply of space in the submarket,” said Pete Harmon, Partner at RPG. “Strategically located on one of the last remaining sites along I-55, this project will provide a solution for today’s users in a proven submarket, appealing to demand from both the I-55 and I-80 submarkets.”

Located at 16824 Enterprise Blvd., the site is less than two miles from the I-55 interchange at Route 30 and 9.25 miles from I-80. The site also offers proximity to the BNSF intermodal facility in Elwood. Existing tenants at Crest Hill Industrial Park include Rich Products Corp., Old Dominion Freight Line, Dayton Freight Lines and Aaron Thomas Company.

“This project marks our third partnership with RPG in the country this year and the initial one in the Chicagoland area. We look forward to offering the Crest Hill distribution center to meet ongoing strong demand for high-quality space in this market,” said Patrick Ryan, Executive Vice President of Cabot Properties.

Added Greg Thurman, CEO of Ridgeline Property Group: “We’re excited to continue our relationship with Cabot Properties on this project to bring much-needed Class A industrial space at this strategically located site. Cabot Properties is an excellent partner with an outstanding track record of developing successful projects in leading industrial markets across North America.”

The cross-dock facility will feature 32-foot clear heights, four drive-in overhead doors, 36 exterior docks (expandable to 76), 319 car parking spaces, 163 trailer parking spaces, and Early Suppression Fast Response (ESFR) sprinklers. The building provides a functional layout which can accommodate a number of tenant layouts.

RPG also is partnering with Cabot Properties on Susquehanna Logistics Center, a 423,300-square-foot distribution facility in York, Pa., and Hanover Business Center, a 100,000-square-foot distribution facility in metro Baltimore.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

About Cabot Properties

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $6.2 billion in industrial real estate, managing and operating approximately 3,000 tenants in more than 140 million square feet.