National Developer Appointed Master Developer for New Industrial BuildingAUSTIN, TX – September 16, 2015 – Trammell Crow Company (TCC) has been appointed as the master developer for the construction of a new 57,600-square-foot, Class A build-to-suit industrial building, Expo 12, for Excel Filters, Inc.’s new satellite manufacturing facility in Expo Business Park, a new industrial park located in Southeast Austin. TCC and Clarion Partners recently sold the 6.78-acre site for Expo 12 to a private investment company, who is leasing the building to Excel Filters, Inc. Construction on the project has commenced and will deliver in May 2016.
Excel Filters will expand its operations from Los Angeles, CA into Austin to allow for continued growth. Upon completion of the new building, Excel will staff the facility with existing personnel and new local hires.
“Excel Filters chose Austin for expansion, in part due to the high quality of life the city offers for our employees and their families, as well as the business-friendly policies that will enable us to continue our rapid growth in North America and globally. Our customers will still enjoy our highly engineered line of filter cartridges and other products, as well as benefit from dramatically increased production capacity and reduced shipping times when the Austin facility is in operation. After a diligent search process, we consider Expo Business Park to have the best location and quality facility in Austin to support our growth,” said Joe Kovach, President.
Expo 12, located in the four-building second phase of Expo Business Park, will feature 28-foot clear heights, an energy efficient roof R-value of 21, 13 dock-high doors, expansive truck courts, and a generous 40 by 40 column spacing.
Expo Business Park is comprised of 37 acres and is located at 6231 E. Stassney Lane in the newly established Triple Freeport Zone, offering significant cost savings to companies with high value inventory. The project sits near a variety of restaurants, entertainment venues and hotels and is in immediate proximity to Austin Bergstrom International Airport and downtown Austin.
“The venture purchased the site in 2006, having recognized the inherent value of Expo Business Park,” said Trammell Crow Company Austin Business Unit’s Senior Vice President Brad Maples. “The site has now become one of the premier addresses for industrial tenants in Austin. We are excited to continue delivering high-quality projects with best-in-market features to our clients and welcome Excel Filters to the park.”
Mark Emerick, John Barksdale, Ace Schlameus and Darryl Dadon, with CBRE’s Austin office, represented both TCC and Excel Filters.
“Excel stands to benefit from Expo Business Park's convenient location within the Southeast Austin industrial market and cost benefits offered by our Triple Freeport designation,” said Mark Emerick, CBRE Senior Vice President.
About Excel Filters
Excel Filters manufacturers highly engineered filtration vessels and water treatment filter cartridges for use around the world. Excel Filters Replacement Cartridges for Pool, Spa, Industrial and Commercial Water applications are engineered for reliability, durability, ease of use and longevity of product. www.excelfilters.com, [email protected]
About Clarion Partners
Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC, as well as a presence in Mexico. With more than $36 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 250 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
About CBRE Group, Inc.
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 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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 nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2015, TCC had $6.0 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 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 2014 revenue). For more information visit www.TrammellCrow.com.