Design and Development

166 Spring Brook Ave

Design The building will be constructed of steel with a concrete slab.  The building systems will follow the LEED standards for energy efficiency.  The exterior will have a brick and double-pane, energy-efficient glass facade.  The exterior design is meant to offer the look of a professional office park with brick accents and block or stucco finish.

Team Developer                                The Lundy Group, Inc.

Principal Architect                                 Maurer Architecture

Contractor                                                           TBD

 

The other members of the team will be chosen based on their ability to meet the schedule as well as their “fit” for the project.

 

Shell The shell space is a “warm dark shell” with the following options for upfitting.  The upfitting of the shell to a finished space can be done by the project contractor, or the tenant can select their own contractor.  If the tenant uses the shell contractor, there may be savings in building the space out at the same time as the shell is being constructed.

Upfitting We can provide the project architect to design the layout and to complete the construction drawings.  We can also obtain preliminary pricing from the contractor for the costs of the upfitting.  If the building contractor performs the work, we expect the tenant to realize the savings primarily due to the overhead.

Lease The option to lease will begin at a NNN rate of $21/SF, which will include $50 of upfitting allowance.  A commitment at this time will allow the tenant to pay for the additional upfitting or amortize the additional costs over the life of the lease.

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TI/CAM Fees We are currently estimating the taxes and insurance at $1.50 per square foot and the condominium association fees are expected to be an additional $3.50 per square foot.  This will cover the electricity, water and sewer as well as the common area maintenance of the property with the single biggest budget item being the landscaping maintenance expense.

Signage Each tenant will have the opportunity to have signage on the building directory as well as at the entrance to their suite.  All signage will follow a building standard program in order to maintain the overall appearance of the project.

There will also be the opportunity for up to four (4) tenant names on the monument at the entrance to the project.

Management The Lundy Group, Inc., with over 20 years of experience with office and commercial management, would be the property manager until certain milestones were met.  This would be at current market rates for similar projects.  We feel confident about the delivery of highly responsive and quality service.  Any needs or concerns will be dealt with directly between Lundy and the tenants.

 

Latest News

4-5-2013

  Spring Branch Labeled site plan Spring Branch Park is excited to add a 120 bed Nursing Care facility and a 77 bed Assisted Living facility to the project.  

3-1-2013

In Clayton, the eighth-fastest growing town in North Carolina, Johnston Health built a $30 million medical center that includes an emergency department, diagnostic imaging and lab services, and two operating rooms. The medical center is located on N.C. Hwy. 42 West near the intersection with Amelia Church Road. Johnston Health has plans to expand JMC-Clayton […]

2-1-2013

The 77 Bed Assisted Care Facility Construction is Nearing Completion!

10-31-2012

Spring Branch Park Hosts Grand Opening for 30,000 square foot Medical Office Building

8-1-2012

Spring Branch Park Completes Monument Sign and Entrance

6-5-2012

Tenants are excitedly moving into Spring Branch Park upon the completion of our first 30,000 square foot Medical Office Building

4-30-2012

Spring Branch Park Begins Construction on Connector Road to Johnston Medical Center Clayton

3-1-2012

Construction of first 30,000 square foot Medical Office building nearing completion

9-20-2011

          Sitework at Spring Branch Park is continuing on schedule. Below is a picture of the progress as of 9/19  

6-23-2011

After completing the sitework Lundy is scheduled to begin vertical construction on the first medical office building in August. We are currently wrapping up the design process and are looking to deliver the first medical office building in the spring of 2012.  This will include the Phase 1 improvements as well as direct access to the hospital […]