LANHAM — Hargrove LLC, a Prince George’s County-based full-service technical production company, has announced that it will expand its campus by three additional buildings designed to offer a rare opportunity for businesses desiring secure, accessible and new construction in the heart of Mid-Atlantic’s commerce crossroads.
The company announced in August that construction had begun on the industrial project, which is situated near the Capital Beltway at the signalized intersection of Martin Luther King Jr. Highway and Hargrove Drive in Lanham.
The Hargrove Industrial Campus expansion is projected to be completed in Spring 2020, according to the company website.
The campus will feature three new institutional-quality “Class A” industrial buildings totaling an estimated 400,455 square-feet, in addition to the existing 325,000 square-foot building where the 70-year-old event company, Hargrove LLC, has stood for more than 20 years.
The general contractor is R.W. Murray Co. and the architect is GSR Andrade Architects, the company said in a release. NAI Michael will provide leasing services.
According to Hargrove, the campus will be a highly sought after project “because of its ideal location for users and employees and its ability to reach the end consumer from a regional and Last Mile standpoint.”
A statement released by the company cited a study conducted by Newmark Knight Frank’s Real Insight, an advisory firm that highlights national trends shaping the U.S. commercial real estate industry.
According to Newmark Knight Frank, Hargrove noticed the growth of e-commerce and rising consumer expectations for rapid home delivery of retail purchases is fueling record demand for industrial space across the U.S. Moreover, centrally located infill sites that can facilitate last-mile logistics are both sought-after by tenants and in very short supply.
“This project is an extremely unique urban infill industrial development, given the significant supply constraints in the region.
“There are only a few Last Mile projects completed in the last few years close to the city core of the Washington, D.C. Capital Beltway area, the sixth-largest metropolitan area in the country, and this is the only one with space available to lease,” said project developer Chase Galbraith.
“It is the ideal location for users and employees with the ability to expeditiously reach the end consumer from a regional and Last Mile standpoint. With consumers now expecting lightning fast delivery to their doorsteps, our urban warehouse facility will be able to provide the space and location as a logistics solution.”
Furthermore, the industrial campus is expected to offer many advantages for prospective tenants, including a safe and secure campus setting, efficient access for distribution and flow, a desirable location, and proximity to retail establishments and other amenities with numerous shopping and dining options.
The campus, which will have more than 700 combined parking spaces, is located in close proximity to major thoroughfares and the New Carrollton Metrorail Station.
“The development will add to the rapid growth of the city and region and will address consumers’ growing demand for e-commerce and the area’s need for construction services, food preparation, government support, among other services,” says a statement released by Hargrove.
The new buildings, designated 4450, 4500 and 4600 Hargrove Drive, will feature enhanced entryways, enhanced exterior lighting and a campus-wide landscaping program.