TCC Begins Construction on New 1.4 MSF Industrial Park in Riverside, CA

Phase I Scheduled to Complete in Q4 2017

RIVERSIDE, CA – February 08, 2017 – Trammell Crow Company's (TCC) SoCal—Newport Beach Business Unit has begun construction on Columbia Business Park, a new Class A, 1.46-million-square-foot speculative industrial development located in the City of Riverside, CA. TCC was selected in by Washington Capital Management, Inc. (WCM), advisor to property owner Operating Engineers Pension Trust, Local 12 (Operating Engineers), as the master developer for the 72-acre project.

“We are extremely pleased to work with Washington Capital and Operating Engineers on Columbia Business Park,” said Tom Bak, Senior Managing Director of TCC’s SoCal—Newport Beach Business Unit. “The site is strategically located in an increasingly land-constrained market. We will provide a world-class industrial product, designed for users with complex needs, such as e-commerce and logistics firms. Best-in-class is our goal when it comes to design and project execution.”

Construction of the 3-building industrial park will be phased to provide ultimate flexibility. The first phase includes: the construction of a 1-million-square-foot distribution center (Building 1) on 46 acres and grading, site work, and design of a 371,229-square-foot distribution center (Building 2) on the adjacent 19 acres. The phased construction of Building 2 provides the flexibility to develop additional parking or trailer storage for Building 1, which will feature 37-foot clear height, 8-inch concrete “level” floor slab, 185-foot deep secured truck courts, ESFR, designated truck queuing lanes, and offices to suit. The second phase includes the development of the adjacent 7-acre parcel, which could provide additional parking, trailer storage, or accommodate a planned 86,853-square-foot building (Building 3).

The site is located in Riverside’s prestigious Hunter Park industrial corridor, located in the heart of Southern California’s Inland Empire. The site provides direct access to I-215, CA 60, CA 91, and I-10, and is a short distance from the Hunter Park/University of California Riverside MetroLink station, which provides commuter rail access to the Greater Los Angeles metropolitan area.

About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of September 30, 2016, TCC had $7.1 billion of projects in process and $3.7 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, through its operating subsidiary High Street 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.

TCC 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 2015 revenue). For more information, visit