Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Randolph-Brooks Credit Union Plans New Service Center
Randolph-Brooks Federal Credit Union is seeking a 10 to 20-acre site in San Antonio for a new 100,000-sf administrative service center to house back-office operations carried out by approximately 250 employees. Executive offices will remain at Randolph Air Force Base. Once a site has been selected, Chesney-Morales & Associates Inc. of San Antonio will design the facility.
SPX Plans New HQ in Charlotte
SPX, a Michigan company producing technical products and systems, has selected Balantine Corporate Park in Charlotte as the site of their new 100,000-sf office headquarters. Washington, D.C.-based Hickok Warner Fox will design the interior of the building, which will be constructed by Bissell Development. Completion is anticipated in April 2002, at which time at least 50 employees will move in.
Benefit Planners Opens New Office in San Antonio
Benefit Planners Inc., headquartered in Boerne, Texas, broke ground in March 2001 on the first phase of a new office complex, called Tech Park, in Northwest San Antonio. The $7.5 million, 70,000-sf structure will house customer service and claims processing and from 250 to 350 employees when completed in September 2001. When the first building is totally occupied, an additional $6-million, 60,000-sf facility is planned, for a total of approximately 120,000 sf at build-out. Darren Casey Interests is the developer of the project.
Horizon Opens Second HQ in Mt. Laurel
Horizon Blue Cross Blue Shield of New Jersey, based in Newark, N.J., plans to consolidate its Philadelphia and Evesham offices in a new 87,460-sf secondary headquarters in Mt. Laurel. The $11 million facility, built by Boston-based Leggat McCall Properties, will accommodate more than 400 employees beginning in late June 2001.
GMU Plans Office Building in Arlington
George Mason University Foundation has received approval for construction of a seven-story office building with a six-story, underground parking structure in Virginia Square. The $60 million project will sit on nearly two acres and provide 192,500-sf for office space and 13,275 sf of retail space on the building’s first floor. Above- and below-ground parking will accommodate 671 vehicles. The foundation uses private tenant lease money for acquisition and construction costs, selling or donating the building to the university when the project has been paid for.