TCC and Clarion Partners Break Ground on Fallbrook Pines Business Park

HOUSTON, TX – Trammell Crow Company, one of the nation’s largest commercial real estate developers and investors, and joint venture partner Clarion Partners, a leading U.S. real estate investment manager, announce they have broken ground on Fallbrook Pines Business Park in northwest Houston, TX. The first phase, scheduled for completion in the first quarter of 2015, will include four high-quality, concrete, tilt-wall office/warehouse buildings totaling 709,045 SF, making Fallbrook Pines Business Park the largest industrial project under construction in the Houston region. The 127 acre business park is strategically located near the intersection of Beltway 8 and Hwy. 249 on Fallbrook Drive in northwest Houston. Multiple options for access to and from Beltway 8 exist including Fallbrook Drive, Fairbanks North Houston Drive, and Gessner Road. 

“Fallbrook Pines Business Park is the premier location for industrial tenants looking to capitalize on the robust growth in north and west Houston,” said Jeremy Garner, a Principal with Trammell Crow Company’s Houston office. “We are confident tenants will be attracted to this state-of-the art business park due to its location in the heart of the Northwest Submarket, proximity to major highways, and distinguished business park environment highlighted by unique architecture, new roads, attractive landscaping, and mature trees.” 

Phase I will include two (2) side-load buildings, one (1) cross-dock building, and one (1) front-load building, all of which have been designed to accommodate fenced, secured truck courts. Designed by Powers Brown Architecture, the project will incorporate best-in-class design featuring 28’-32’ clear heights, 52’ wide column spacing, extra trailer parking/outside storage, ample car parking, wide truck courts, and ESFR sprinkler systems. The project design is versatile and targets a wide range of tenants including consumer goods distributors, oil field service companies, and light manufacturers. The remaining 66 acres in the park are available for build-to-suit projects.

Fallbrook Pines Business Park is one of several projects under a national industrial development program Trammell Crow Company and Clarion Partners have established that is focused on the development of new Class A, industrial buildings in targeted markets throughout the U.S. 

Rosenberger Construction is the general contractor for the project. Faron Wiley, First Vice President, and Joseph Smith, First Vice President, with CBRE’s Houston office have been appointed leasing agents for the project. 


About Clarion Partners
Clarion Partners, founded in 1982, is a leading real estate investment management firm with $30.5 billion in total assets under management. The company has approximately 200 institutional clients invested through both comingled fund and separate account formats. The firm is distinguished by a performance-driven approach, organizational stability, and a mandate of accountability to its clients. 

Clarion invests in high quality properties within the office, retail, industrial, multifamily, and hotel sectors. It employs a broad range of real estate strategies across the risk/return spectrum including core, core plus, value-add and opportunistic approaches. Clarion is an SEC-registered investment advisor and is based in New York City, NY. For more information, visit www.ClarionPartners.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 September 30, 2014, Trammell Crow Company had $5.1 billion of projects in process and $2.9 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, and the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.

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