The Park at High Crossing. vitality proximity value

Size: px

Start display at page:

Download "The Park at High Crossing. vitality proximity value"

Giles Johnson
6 years ago
Views:

1 The Park at High Crossing vitality proximity value

ABOUT INVESTORS ASSOCIATED, LLP Originally formed by a physicians group to invest in their own clinics, Investors Associated has been in existence for over 35 years.

Investors Associated maintains a unique real estate portfolio with a philosophy focused on long-term investment in high-quality, well-maintained buildings.

Investors Associated recognizes that the real estate in its portfolio represents more than an investment - each property represents a tenant s business or a resident s home.

Executive Summary Proposed 5310 Wall Street Multi-Tenant Office Building at The Park at High Crossing ABOUT PLUNKETT RAYSICH ARCHITECTS, LLP Plunkett Raysich Architects, LLP, was established in

Today, PRA is a multi-faceted firm specializing in creating and re-imagining a variety of community environments.

2 ABOUT INVESTORS ASSOCIATED, LLP Originally formed by a physicians group to invest in their own clinics, Investors Associated has been in existence for over 35 years. The partnership has since evolved to include non-physician partners and has grown to more than 100 partners in total. Investors Associated maintains a unique real estate portfolio with a philosophy focused on long-term investment in high-quality, well-maintained buildings. With a focus in the Madison area, Investors Associated maintains properties across the country in the commercial office, retail, residential and manufacturing sectors. Investors Associated recognizes that the real estate in its portfolio represents more than an investment - each property represents a tenant s business or a resident s home. As such, Investors Associated strives to develop and maintain its properties in a first-class manner. Johnson Bank Building in nearby business park. Executive Summary Proposed 5310 Wall Street Multi-Tenant Office Building at The Park at High Crossing ABOUT PLUNKETT RAYSICH ARCHITECTS, LLP Plunkett Raysich Architects, LLP, was established in 1935 by founder Henry Plunkett. Through a series of acquisitions we are able to trace our roots back to Today, PRA is a multi-faceted firm specializing in creating and re-imagining a variety of community environments. PRA has three offices including Madison, Milwaukee and Sarasota, that design projects from coastto-coast. PRA is a full service architectural and interior design firm employing over 85 professionals including an in-house construction administration team to oversee projects in the field and review construction documents for quality and constructibility. PRA s Madison office is located in the 2310 Crossroads Drive office building within the development and they are the architect for the master plan. Both buildings are owned by Investors Associated and were designed by Plunkett Raysich Architects.

3 About the Development The Park at High Crossing, is in a high growth area on the east side of Madison, Wisconsin. Investors Associated, LLP ( Investors Associated ) purchased approximately fifty (50) acres of vacant land and nine (9) buildings in The Park at High Crossing. With the intent of longterm ad investment in high quality, well maintained buildings within the development. We have a master plan to develop a new town center with a wide variety of complimentary uses and opportunities for tenants. Vitality Both employees and employers are attracted to the quality of life in the City of Madison, which has consistently received high ranks for its park system, healthy community, economic growth, and livability for young and old alike. Tenants of The Park at High Crossing have quick and easy access to Madison s east side and downtown districts which both provide a wide array of dining, music, sports and entertainment options. Investors Associated has begun fulfilling its vision for creating a work-live-play destination in The Park at High Crossing. Investors Associated believes that a number of factors, including its plan to add additional commercial space, mixed-use space with a blend of neighborhood restaurants, local and national retail and a residential presence of up to 500 units at The Park at High Crossing, in addition to the approximately 800 residential units planned on the adjacent property and the anticipated expansion of Lien Road into downtown Madison, makes this location the place to be in the immediate future in Madison. Stars denote Investor Associated properties - with a concentration in The Park at High Crossing Proximity The Park at High Crossing provides its tenants with a comfortable urban business environment without the urban congestion and cost. Sitting above Interstates 90 and 94, The Park at High Crossing has exposure to over 100,000 vehicles that pass this site daily on their way to St. Paul, Minneapolis, Chicago, Milwaukee, Madison and beyond. The subject project is positioned minutes from the Dane County Regional Airport, servicing daily flights by American Airlines, Delta Air Lines, Frontier Airline and United Airlines. Expanding employers who choose to call The Park at High Crossing home will have the opportunity to tap into the more than 43,000 students at the University of Wisconsin-Madison, as well as Edgewood College and Madison Area Technical College. The City of Madison is one of the best educated cities in the State of Wisconsin, with approximately fifty-five (55%) percent of the City of Madison residents holding a Bachelor s degree or higher. Value The High Crossing Development allows tenants to enjoy everything that downtown Madison has to offer without paying the inflated costs associated with downtown real estate. The Park at High Crossing is only seven miles from the Capitol, but has the flexibility as a new development to suit a tenant s needs at a cost that allows employers and employees to live and play near where they work.

Vicinity Map Distances to: High Crossing Retail and Residential...Walking distance Autumn Lakes Residential...Short biking distance Interstate 90/94...Less than 1 mile East Towne Shopping.

4 Vicinity Map Distances to: High Crossing Retail and Residential...Walking distance Autumn Lakes Residential...Short biking distance Interstate 90/94...Less than 1 mile East Towne Shopping...Less than 1 mile Hospital miles Dane County Regional Airport miles Wisconsin State Capitol Building....7 miles Madison College...3 miles UW-Madison Campus miles City of Milwaukee, WI miles City of Green Bay, WI miles City of Chicago, IL miles City of St. Paul, MN miles 5 miles Warner Park (Baseball) Maple Bluff 3 miles Dane County Regional Airport Madison College Hwy 51 to Minneapolis I-39 / I-90 / I-94 East Towne Mall American Center Hwy 151 to Sun Prairie Johnson Bank Building (Investors Associated) 1 mile The Madison Apartments (Investors Associated) The Park at High Crossing (Investors Associated) Autumn Lakes Development 2 miles Lake Mendota Hwy 30 I-94 to Milwaukee East Washington M A D I S O N UW-Madison Campus Wisconsin State Capitol Central Business District Lake Monona to McFarland Hwy 51 to Chicago I-39 / I-90

5 Site Plan Concept 1 R E S I D E N T I A L SERVICE OFFICE /RETAIL NORTH

Aerial Axonmetric Concept 1 2 2 8 13 18 9 10 1 Interstate (I-90 / I-94) 2 Interstate Access / Exit 3 Roadway Extension to Lien Road & East Washington Corridor (2018) 4 Proposed Future City Access -

6 Aerial Axonmetric Concept Interstate (I-90 / I-94) 2 Interstate Access / Exit 3 Roadway Extension to Lien Road & East Washington Corridor (2018) 4 Proposed Future City Access - City View to East Towne 5 Future Proposed Rail Stop 6 Environmental Corridor Park 8 Existing Hotels 9 Existing Office Park 10 Existing Residential 11 Proposed Residential Area 12 East Towne Shopping District PARKING RAMP Access to Interstate 14 Office Building & Parking Structure (Under Construction) 15 Phase II Town Square 16 Support Retail & Office Service 17 Autumn Lakes Residential Development (Under Construction) Building (Proposed) 16 4 C I T Y V I E W D R I V E 6 PARKING RAMP NORTH

7 Development Inspiration

8 Office Building - Summer of 2017 Construction Start - 115,000 square feet

9 Proposed 5310 Wall Street Office Building Plunkett Raysich Architects, LLP

10 Site Information SITE NAME The Park at High Crossing ENVIRONMENTAL / GEOLOGICAL COMMUNITY Madison, Wisconsin Located in flood plain? (Yes/No) No. LOCATION/ADDRESS ASKING PRICE Is the property available for lease or sale? What is the asking lease rate ($/sf) SITE DESCRIPTION Any height restrictions? (Yes/No, Describe) Existing structures on site? (Yes/No, Describe) Any easements or impediments on site? Topography (max grade variance (feet/meters)) Is site development ready? (Yes/No, Describe timing costs associated with development) COMPATIBILITY Current zoning (allowable uses) Surrounding area zoning Present use Prior use(s) Parts of Lots 67-72, Crossroads Drive, Madison, WI The property is available for a build-to-suit lease Approximately $19.00 per square foot No No No Sloping East to West Yes. Timing for development entails approximately 3 months to receive permitting from the City of Madison and an estimated 10 months to build building shell. Zoning is currently Suburban Employment. Immediate surrounding Lots are SE, Suburban Employment. Vacant Land, prepared for development. Agricultural Uses. Wetlands located on site? (Yes/No) Archaeological issues/features (Yes/No, Describe) Environmental (contamination issues) Any natural disaster risk? Emissions Issues (Yes/No, Describe) SITE ACCESS Multiple existing access roads to site? (Yes/No, Describe) Construction access to site? (Yes/No) Nearest Interstate/4-lane highway (name, distance) Public transit accessible? (Yes/No, Describe) Nearest commercial airport (name, distance) SITE AMENITIES Number of automobile parking space No. None. None. None. None. Currently, there is primary access to the site from Crossroads Drive. By end of 2018, there will be additional access to the site from City View Drive. Yes. Interstate 90/39 is parallel to the Site. Drive distance from the Site to Interstate 90 is approximately.5 miles. Yes; City of Madison Metro Transit Line 26 has a stop approximately.3 miles from the Site. Dane County Regional Airport; Drive distance from the Site to Dane County Regional Airport is 3 miles. Build-to-suit, based on Tenant s needs and City of Madison approvals. Adjacent / surrounding uses / tenants Approximately 500,000 square feet of office space in the immediate proximity to the north. Tenants include: Fiserv Solutions, LLC (affiliate of Fiserv, Inc.); ARMS Business Solutions, LLC (affiliate of Enterprise Holdings) Graduate School of Banking, Inc.; INOC, Inc.; City of Madison; Park Bank; Cisco Systems inc.; Cardinal Stritch University, Inc.; Wisconsin Bank & Trust; and Dassault Systems Corp. New development of multi-tenant spaces for commercial and residential use to the south. Residential and retail space surrounds The Park at High Crossing.

STEVENS POINT EAST PARK COMMERCE CENTER

WISCONSIN ECONOMIC DEVELOPMENT CORPORATION STEVENS POINT EAST PARK COMMERCE CENTER COMMUNITY OVERVIEW Stevens Point is centrally located in Wisconsin on the Wisconsin River encompassing the intersection