TCC And Partners Acquire 96.6 Acres in Southern Dallas

Plans Include Two Buildings Totaling Over 700,000 Class A Square Feet

DALLAS, TEXAS – August 14, 2014 Trammell Crow Company along with partners Clarion Partners and Rosewood Property Company, have acquired a 96.6 acre land site in the Southern Dallas industrial submarket. The project, known as Trammell Crow Company JJ Lemmon Distribution Center, will feature two, Class A, speculative industrial developments comprised of more than 700,000 square feet. The project is expected to commence immediately and be ready for occupancy in the second quarter of 2015.

“We are excited to partner again with Clarion Partners and Rosewood Property Company to deliver high-quality industrial and warehouse space to Southern Dallas, which is becoming a premier distribution and manufacturing hub for high-quality tenants,” said Scott Krikorian, Senior Managing Director with Trammell Crow Company’s Dallas-Fort Worth Business Unit. “Class A industrial space in the Southern Dallas market is scarce and demand remains strong due to the efficient network of highways including I-20, I-45 and I-35 as well as the UP Intermodal. The Trammell Crow Company JJ Lemmon Distribution Center has strong highway visibility and can accommodate multi-tenant occupancy.”

“Trammell Crow Company strongly supports the city’s initiative to spur economic development in Southern Dallas,” added Krikorian. “Since 1975, TCC has developed more than 11 million square feet, spanning 45 Class A industrial buildings in Southern Dallas with over $400 million in investment. We agree that – ‘South Dallas is an investment opportunity.’ We also appreciate Mayor Pro Tem Tennell Atkins for his support, vision and leadership in the Dallas community.”

The site, located at the northwest corner of I-20 and I-45, offers efficient ingress and egress with direct access to the I-20 frontage road. Building 1, totaling 201,600 square feet, will feature 32’ clear height, strong highway visibility and additional land available for outside storage and trailer positions. Building 2, totaling 500,000 square feet, will include 65 trailer parking spaces (expandable to 200), 36’ clear height and 138’ truck courts on both sides of the building. 

“This project has been a team effort, and that is what it takes to make big things happen in Dallas,” said Dallas Mayor Pro Tem Tennell Atkins. “The Inland Port at I-20 and I-45 is dedicated to industrial projects just like this one. It is in the heart of America. It will create jobs, it will grow the tax base and it will be a magnet for other Class A industrial projects.”

The Trammell Crow Company JJ Lemmon Distribution Center project is one of several launched as part of the national industrial development program established by the TCC/Clarion Partners venture. The program is focused on the development of new Class A, industrial buildings in targeted markets throughout the United States. Since 2001, Trammell Crow Company and Clarion Partners have partnered together on over 110 developments totaling more than 28 million square feet and $1.6 billion in investment. 

Scott Krikorian, Robert Brandt, Jake Marks and Raymond Kieffer with Trammell Crow Company will lead the development team. Leasing will be handled by Kacy Jones and John Hendricks with CBRE’s Dallas office.

About Clarion Partners
Clarion Partners has been a leading U.S. real estate investment manager for over 32 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in S͠ão Paulo, Brazil and London, England as well as a presence in Mexico. With more than $30 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.

More information about the firm is available at www.clarionpartners.com.

About Rosewood Property Company
Rosewood Property Company, based in Dallas, TX, is a wholly owned subsidiary of The Rosewood Corporation, which is a wholly owned subsidiary of the Caroline Hunt Trust Estate. The Rosewood Corporation is a diversified investment company with holdings, through its subsidiaries, in real estate, oil & gas, private equity, ranching, and other investments. As the real estate investment arm of The Rosewood Corporation, Rosewood Property Company and its affiliates have an extensive portfolio, including investments in land, office, industrial, retail, and multifamily assets, as well as investments in the equity securities of public and private real estate investment companies. For more information visit www.rosewoodproperty.com.

About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2014, Trammell Crow Company had $4.8 billion of projects in process and $1.9 billion in its pipeline.

Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.

Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.

Disclaimer
Some information contained herein is derived from selected third party sources believed by Clarion Partners to be reliable, but no representation or warranty is made regarding its accuracy or completeness.  Opinions and forecasts expressed reflect the current judgment of Clarion Partners’ Investment Research Group and may change without notice.  Nothing herein constitutes an offer or solicitation of any product or service to any person or in any jurisdiction where such offer or solicitation is not authorized or is prohibited by law.  Past performance is not necessarily indicative of future results.

​​​​