33 Washington Street, Newark, New Jersey
18-story high rise office building with 382,000 square feet
Purchased: October 31, 1997
Sold: September 1, 2000
The building is an 18-story high rise, 382,000 square foot Class B office building situated on a 1.12 acre site.
During ownership, Townsend completely renovated the property, including the main lobby, multi-tenant floor lobbies, security system, elevator cabs, and the fire/life saftey system.
The property is primarily a cold storage warehouse facility, with additional administrative/office space located at the main entrance. Construction of the building was completed in 2004. The building is divided into cooler storage and freezer storage areas. Loading docks are located in the rear portion (north) of the building. 45 dock high truck loading docks and five railroad loadingdocks are located on the north and eastern elevation.
150 Glover Avenue, Norwalk, Connecticut
Two separate, 5-story medical office buildings with 236,500 square feet
Purchased: March 30, 2001
Sold: August 5, 2002
150 Glover Avenue consisted of two separate medical office buildings serving as headquarters for U.S. Surgical Corporation, a subsidiary of Tyco International Ltd.
250 Industrial Way West, Eatontown, New Jersey
2-story office and high-tech research and development building with 138,163 square feet
This property was a build-to-suit. Construction began in mid-February 1998. The tenant began moving equipment and furniture in by mid-November 1998, two months ahead of schedule. The building was sold on May 14, 2007.
This project received BOMA’S 1999 Corporate Facility of the Year award. The building is a two story office/R&D building which includes two stories along the southerly portion and a single-story (second story on grade) along the northerly portion to accommodate the existing differential in grade which exists on the site. It is constructed of structural steel and concrete, with glass panels.
260 Industrial Way West, Eatontown, New Jersey
2-building research and development facility with a total of 130,000 square feet
This property was a build-to-suit. Construction began in July 2001 and was completed in May 2002. The building sold on December 21, 2006.
Two separate buildings were constructed on this site for TyCom (US) Inc.: a 100,000 square foot research and development facility, and a 30,000 square foot cable testing facility. Both buildings were constructed of structure steel, finished concrete and glass panels.
300, 400, 500 Atrium Drive, Somerset, New Jersey
3-building Class A office campus with a total of 671,356 square feet
The three buildings were purchased together on August 28, 1996.
All three buildings were sold together on March 14, 1997.
300, 400, and 500 Atrium Drive are all Class A office buildings with multiple floors.
300 Atrium Drive contains 147,474 sf
400 Atrium Drive contains 354,670 sf
500 Atrium Drive contains 169,212 sf
500 Commander Shea Boulevard, Quincy, Massachusetts
One-story industrial building with 1,375,000 square feet
Purchased: February 7, 1997
Sold: May 13, 1998
This property is an industrial building with 1,375,000 square feet of rentable building area. It is located in the Quincy/Braintree industrial submarket of Nofolk County in the Boston-Cambridge-Quincy metro area and is a major part of metropolitan Boston.
521-533 West 57th Street, New York, New York
Two 10-story adjoining office and loft storage buildings totaling 415,000 square feet
The property was purchased on June 18, 2003 as two separate condominium units.
Unit 2 sold on November 23, 2004
Unit 1 sold on August 9, 2007
Located on the westside of midtown Manhattan - between 10th and 11th Avenues - 521 and 533 West 57th Street are a pair of adjoining 10-story high rise office buildings containing 415,000 square feet.
1214 Research Boulevard, Hershey, Pennsylvania
3-story flexible research and development facility including wet & dry laboratories and office space with 78,000 square feet
Working under the sponsorship of Penn State University, Townsend had hands-on involvement with the design, development and construction of a state-of-the art comprehensive lab and research facility for Penn State University’s pharmacology, animal research, and technology transfer departments. Ground breaking for the project occurred in April of 2006. The Grand Opening for Building One was on May 30, 2007.
This is a 3-story building containing approximately 78,666 rentable square feet of flexible research and development facilities, including wet and dry labs and office space.
3535 Market Street, Philadelphia, Pennsylvania
17-story Class A office building with 435,000 square feet
Purchased: May 27, 1998
Sold: December 24, 2002
The building is a 435,000 square foot, 17-story, Class A office, research and clinical building. It consists of a lobby/ground floor (retail in use) and sixteen full size floors above grade, a mezzanine level between the ground floor and first floor, a penthouse floor (floor 17), and a small elevator penthouse. Townsend performed major renovations to the building in 1999. Major tenants include University of Pennsylvania Medical School and Children’s Hospital of Philadelphia.
3701 Market Street, Philadelphia, Pennsylvania
8-story research and development building including wet laboratories and office space with 141,000 square feet
This project was a joint venture with University City Science Center to design and build a speculative research and development building. The project was awarded to the Townsend entity in July of 1999. The project was completed in July of 2000. Townsend sold their property interests on February 5, 2007.
The property is a 141,000 sf, 8-story, state-of-the-art office, wet lab, and research facility. The building was designed as a “smart building” that includes redundant power and telecommunications. By utilizing available state and city incentives, developing strong relationships with not only University City Science Center, but also the architects, engineers and contractors, Townsend was able to complete the construction of this lab building in an urban environment in 12 months.
Two Gateway Center, Newark, New Jersey
18-story Class A office building with 832,000 square feet
Purchased: December 28, 1996
Sold: May 21, 1998
Two Gateway Center is an 832,000 sf Class A office building. Building features include large, flexible floor plates of 45,000 sf with 25' by 30' column spacing, fully-monitored security system, banking, and direct access to Penn Station and commuter rails are advantages as well. The property is near Newark Liberty International Airport, and has a direct link to the New Jersey Transit train station, AMTRAK service to New York, and the PATH Commuter Rail.
Two Montgomery Street, Jersey City, New Jersey
5-story Class A office building with 37,448 square feet
Purchased: June 27, 1997
Sold: April 27, 1999
The building was constructed in 1967, with Townsend completing major renovations in 1999. Two Montgomery is a five-story, Class A office building with a two-story atrium. The building totals 37,448+/- square feet and is rectangular in shape. Townsend's 1999 renovations provided new mechanical and electrical infrastructure, along with a new building facade of granite and glass.
10900 Red Run Boulevard, Owings Mills, Maryland
3-story Class A office building with 109,326 square feet
Purchased: July 28, 2020
Sold: March 24, 2021
Conveniently located in suburban Baltimore County, with easy access to all points along the I-95 corridor, and abundant amenities within a one-mile radius, this building featured a 7,600 square foot data center with specialized cooling, state-of-the-art conferencing facilities, a full-building generator, and a 4.75/1,000 parking ratio on open surface lots. An attractive building to any commercial real estate buyer, this building remained in the Townsend portfolio for less than eight months.
800 West Baltimore Street, Baltimore, Maryland
6-story bioscience research and wet lab facility including office space with 120,000 square feet
This project was a joint venture research and developmentpark with the University of Maryland, Baltimore. The project was awarded to Townsend in October 2003. A condominium structure was developed during financing. Condo Units 3 & 4 were sold on July 28, 2005. Condo Units 1 & 2 were sold on April 15, 2011.
A bioscience research and wet lab facility designed for single and multi-tenanted floors. Six stories, with 120,000 sf of rentable space, and 20,000 sf floor plates. Flexible, modular wet labs and prep rooms, 75% of net floor area, floors 2 - 6. The UMB BioPark is located on the urban campus of the University of Maryland, Baltimore, in the Westside downtown district, just a short walk to Baltimore’s Inner Harbor and Oriole Park at Camden Yards. The project is located within the Baltimore Empowerment Zone. This location has easy access to and from I-95.
1111 Freeport Parkway, Coppell, Texas
2-story office building with 99,495 square feet
Purchased: July 8, 1999
Sold: December 19, 2011
At the time of ownership, this building was leased 100% by Lucent Technologies, who had sublet the building in its entirety to Avaya, Inc. It is a two-story office building with full building generator backup and covered parking for a portion of the building. The construction is steel frame structure with glass and glass fiber reinforced panels, sitting on 6.83 acres of land.
1413 Research Boulevard, Rockville, Maryland
One-story research and laboratory building with 105,021 square feet
Purchased: September 27, 1995
Sold: July 3, 1996
This 105,021 sf building was 50% occupied by the U.S. Government on short-term lease when purchased. Within six months, the existing leases were restructured to provide five and seven-year lease terms. In 1996, Townsend completed a $3 million renovation of the vacant space (conversion from animal lab to wet lab) and subsequently signed a ten-year lease on the space with the U.S. Government.
2000 Halethorpe Avenue, Baltimore, Maryland
One-story manufacturing building with 689,000 square feet
Purchased: December 22, 1988
Sold: December 14, 2001
This property is a single-story manufacturing building containing 689,000 rentable sf. At the time of ownership, the building contained 23 overhead cranes (26 feet under hook) ranging from one to forty tons, with high ceilings ranging from 32 to 60 feet. Loading was provided by 10 single door interior docks, 10 double door interior docks, 11 drive-in doors, and interior and exterior CSX rail sidings. The building features included 100 foot wide bays, 8,000 psi floor load, two independent 33,000 volt electric feeds, and 40,000 sf of office.
2011 Murphy Avenue, Nashville, Tennessee
6-story medical office building with 166,000 square feet
Purchased: October 22, 1999
Sold: May 5, 2006
This is a six-story, on campus medical office building. At the time of ownership it was 100% leased by Baptist Hospital, Inc. (n/k/a Saint Thomas Midtown Hospital) and was connected by a sky bridge to the Baptist Hospital complex in downtown Nashville. The building is situated on 2 acres of land, with approximately 166,000 sf of rentable space.
2061 Industrial Park Road, Columbus, Mississippi
One-story industrial facility with 57,600 square feet
Purchased: October 4, 2006
Sold: December 7, 2013
This one-story industrial facility was originally constructed in 1996, with renovations made by Townsend in 2007. At the time of ownership, it was 100% leased to SMS Demag Services, Inc. The building has exposed 8" concrete floor, space heat, and suspended flourescent lighting. The exterior walls and roof are made with pre-fabricated metal.
2900 Robertson Street, Tyler, Texas
One-story warehouse/distribution building with 302,993 square feet
This property was a build-to-suit warehouse for United Technologies/Carrier Corp. The project was completed in 1985.
Sold: January 5, 2015
The property consists of a one-story warehouse with attached offices on a 27.9 acre site. The building contains 300,000 sf of warehouse space plus 2,993 sf of office space. Ceiling heights in the warehouse have 28 foot clear spans providing maximum stacking/distributing flexibility. Truck courts on the east and west sides of the building contain 78 docks with roll up steel doors. Three ramps on the south and east sides of the building access the interior of the warehouse.
4111 Monarch Way, Norfolk, Virginia
4-story research and development facility including office space with 95,000 square feet
This is a university sponsored project with Old Dominion University to develop a flexible research and development facility.
The project was awarded to Townsend in the fall of 2005.
Building One was completed in March of 2007.
Building One is a 95,000+/- square foot, four-story flexible research and development facility with wet and dry laboratories, and office space. Old Dominion University is the major tenant, occupying 40% of the space.
5420 Millstream Road, McLeansville, North Carolina
3-story office building with 144,000 square feet
Purchased: September 9, 1997
Sold: May 10, 2006
The three-story office building is situated on a 23.4 acre site. The building is constructed of concrete block and steel framing on a pured concrete foundation. Construction of the building was completed in 1991.
5445 Loch Raven Boulevard, Baltimore, Maryland
5-story medical office building with 62,000 square feet
Townsend entities became involved with the ownership of this property in 1983.
The property was sold on December 30, 2009.
The building is a five-story medical office building located on the Good Samaritan Hospital campus. The outside walls of the building consist of brick veneer and glass windows and storefront systems with metal framing.
8545 126th Avenue, Largo, Florida
3 building campus: 2-story main complex with 232,443 sf; 1-story training center with 100,246 sf; 1-story energy center with 7,374 sf
The property was purchased on June 27, 1997.
A portion of the property was sold on July 30, 1998.
The remaining portion of the property, including the building, was sold on April 19, 2000.
This two building facility consists of a one and two-story main complex, and a one-story training center. The property also includes a single-story, free standing 7,374 sf energy center building which was completed in March of 1996. The energy center houses the central mechanical systems for the building and entire campus. When Townsend sold the property, Paradyne occupied 100% of the property.
9954 Mayland Drive, Richmond, Virginia
5-story office building with 382,519 square feet
Purchased: August 11, 2004
Sold: May 5, 2005
This building was constructed in 1997. It is a five-story office building, situated on an 18-acre parcel of land. On site parking is provided on paved surface lots. The site is located in an area of heavily developed commercial and retail properties, and is a part of the Deep Run Business Center.
11800 Tech Road, Silver Spring, Maryland
2-story building including biotech, research and development, office and warehouse space with 225,017 square feet
Purchased: June 27, 1997
Sold: August 22, 2000
At the time of ownership, the building contained six sections which could be leased as office, biotech, research & development, flex, warehouse, or any combination thereof. During Townsend's ownership the building underwent exterior and interior renovations which drastically changed the look and functionality of the building. Facility amenities included a cafeteria, high ceiling heights and ample power supplies.
16666 Northchase Drive, Houston, Texas
6-story office building with 147,000 square feet
Purchased: April 21, 1989
Sold: January 30, 1998
The property is located in Houston, in the N Belt West/Greenspoint submarket of Harris County. At the time of ownership, it was a six-story, Class B office building with 147,000 square feet of rentable space.
777 Northwest Blue Parkway, Lee's Summit, Missouri
One-story chip manufacturing and research facility with 1,350,000 square feet
The building and land were purchased on September 26, 1997.
The building and portions of the land were sold on August 9, 2007.
Information regarding the land still in our active portfolio can be found on our Home page under Current Projects, and here: www.townsendsummit.com
At the time of purchase, the Lee's Summit building was a manufacturing and research site sitting on 328 acres of land. The building itself consisted of a total of 1,350,000 sf, which were within three separate, but adjoining, buildings. In order to redevelop the property and modernize it for today's market user, the decision was made to demolish the middle, administrative building of 350,000 sf, creating two separate 500,000 sf office and data center buildings. At the time of sale, the buildings were 90% leased.
1510 East 4th Street, Seymour, Indiana
One-story industrial building with 762,000 square feet
Purchased: November 25, 1997
Sold: December 28, 2000
Townsend purchased the property completely vacant, then leased 100% of the building to Lexmark International in April 1998. In November 1999, Lexmark signed a lease amendment whereby the building would be expanded by 175,000 square feet. This expansion space was constructed, including a new fenced-in surface parking lot.
1900 Whirlpool Drive, Laporte, Indiana
One-story industrial/warehouse building with 613,700 square feet
Purchased: March 31, 2003
Sold: March 17, 2008
At the time of ownership, the building was zoned general industrial, with the highest level of industrial use permitted. The building was situated on 75.43 acres of land. The 613,700 sf building was built by Whirlpool Corporation in phases between 1964 and 1980. It included office, warehouse, and high bay warehouse space. Although a portion of the space was still leased by Whirlpool during Townsend's ownership, nearly half of the rentable area was leased by American Licorice Company.
3440 South Dearborn Street, Chicago, Illinois
3-story research and development facility including laboratories and office space with 128,000 square feet
This was a university sponsored redevelopment of an existing landmark status building. Townsend's entity was contracted as a "fee developer" of the project.
The project was started in October of 2005.
The building was ready for occupancy in January of 2007.
An existing landmark status building in an urban location and environment, on the campus of Illinois Institute of Technology was redeveloped into research and development facilities with office and laboratory space. The three-story building contains 128,000+/- square feet. Townsend secured over $15 million in historic tax credits and tax increment financing to subsidize the project costs and to deliver lower rent to tenants.
5151 Blazer Parkway, Dublin, Ohio
One-story office and training facility with 154,000 square feet
The property was purchased on September 9, 1997.
A portion of the property (excess land) was sold on May 15, 1998.
The remaining land and building were sold on November 10, 2000.
The property was a one-story, single tenant, training facility which was constructed in 1975. A 4,080 sf classroom addition was built in 1986, which was demolished during Townsend's ownership. Upon completion of Townsend's renovations, the 154,000 sf building had a completely gutted and rebuilt interior, newly added insulated glass panels along a majority of the perimeter, monument style entries, and expanded parking lots.
4990 Chidren's Place, St. Louis, Missouri
15-story medical office building with 200,000 square feet
Townsend was contracted to develop a 200,000 sf medical office building for Washington University in St. Louis.
The project was completed in September of 2006 - twelve months ahead of schedule.
Townsend developed the 200,000 sf medical office building above an existing seven-story parking garage. The building was constructed within a tight urban setting. The project was completed in a 23-month timeframe from commencement to occupancy. The project was completed 18 months ahead of the best schedule Washington University believed could be accomplished.
3301 & 3391 Industrial Avenue, Rocklin, California
One-story industrial building with 627,688 square feet
Purchased: September 26, 1997
Sold: August 22, 2002
3301 & 3391 Industrial Avenue consists of a single-story industrial building which contains 627,688 square feet. The property includes office and warehouse space. Originally builit in 1973, Townsend completed updates in 1998 and 1999. The property is situated on 81.30 acres.
Lucent Technologies South Campus
Highlands Ranch, Colorado
3 building campus: each building a 6-story office building with a combined total of 622,000 square feet
This was a build-to suit property for Lucent Technologies. The project was awarded to Townsend in 1999, with construction beginning in June of that year. Initial occupancy was in May 2000.
This build-to-suit campus for Lucent Technologies began in June of 1999, with inital occupancy in May of 2000. Construction comprised of three mid-rise office buildings, six stories each, which totaled 622,000+/- sf. The campus is situated on 40+ acres. Value engineering strategies put in place by Townsend saved millions of dollars: 1) design and schedule modifications resulting in project savings of over $2,000,000; 2) negotiated lower property taxes; 3) locked in interest rates in advance saving millions of dollars.