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Construction Design & Engineering
Posted: November 20, 2015
CIC Companies nearing completion of 10,000 s/f Fresenius Medical Care building in Fairhaven
Fresenius Medical Care, Fairhaven, MAFairhaven, MA The CIC Companies of Massachusetts is nearing the completion of the site development and construction of a new 10,000 s/f medical building. The single-story project is a stand-alone build-to-suit for Fresenius Medical Care of Waltham. The site is adjacent to Walgreen’s and Frontera Mexican Grill and is located at the intersection of Rtes. 6 and 240. On behalf of the property owner, Rick Barnes of CIC marketed the site, found the tenant, negotiated the lease, secured the financing and is overseeing the build-to-suit construction of Fresenius. CIC will continue to manage the property for the owner.
Rick Barnes, principal of CIC, originally assembled and developed the 6 acre site in 2002 for Walgreen’s and Uno’s Restaurant. The development included a future pad site on which Fresenius is now being built. The property was later sold in 2005 to TMI Properties of Lake Tahoe. CIC continues to manage and operate the property for TMI. After Uno’s vacated the property in 2011, CIC secured the casual themed restaurant chain, Frontera Mexican Grill, of Charlotte. “Frontera opened last year and is doing very well at this location” according to Rick. Now with the near completion of Fresenius, the project will be 100% leased. An additional 10,000 s/f retail building is being considered by CIC, and could be ready for occupancy as early as fall 2016.
Fresenius Medical Care - Fairhaven, MAThe development team, assembled by CIC, included Rubicon Builders as the general contractor. The project architect is Hardaway Associates of Wellesley. Site engineering was performed by SITEC. Financing was provided by BankNewport.
The CIC Companies, founded in 1979 by Richard Barnes, has been active in permitting, leasing, building and selling shopping centers and single-tenant net leased investment properties throughout the country.
Fresenius Medical Care North America is a division of Fresenius Medical Care, the world’s largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 2.1 million individuals worldwide. Fresenius operates more than 2,200 dialysis facilities in North America providing renal services to hundreds of thousands of people throughout the United States, Mexico and Canada. Fresenius is also the continent’s top producer of dialysis equipment, dialyzers and related disposable products and a major supplier of renal pharmaceuticals.
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