DENVER, CO – July 20, 2016 – Trammell Crow Company (TCC) announces another full-building commitment at Crossroads Commerce Park (Crossroads). Sierra Pacific Industries has agreed to purchase a new 52,800+/- square foot build-to-suit facility located at the northwest corner of 52nd Avenue and Washington Street in unincorporated Adams County. Construction has begun with an estimated delivery in early 2017.
“SPI is excited to relocate our Denver area operations to Crossroads Commerce Park as we believe this will be a first-class development that will enhance our Colorado operations,” said Mark Pawlicki, Director of Corporate Affairs for SPI.
Sierra Pacific Industries (SPI) is a third-generation, family-owned and operated forest products company based in northern California. SPI owns approximately 1.9 million acres of timberland in California and Washington, and is the third-largest private timberland owner and third-largest lumber producer in the U.S. SPI’s window company, Sierra Pacific Windows, is one of the fastest growing wood window companies in the U.S., and will be occupying a portion of Building 5 at Crossroads. This relocation is an expansion for SPI and a location better suited to services out customers in the Denver area. Sierra Pacific Windows has operated in the Denver marketplace since 1998.
“Sierra Pacific brings a best-in-class operation with a proven track record to Crossroads,” said Ann Sperling, Senior Director with Trammell Crow Company’s Denver Business Unit. “They will be a phenomenal addition to our park and a great building owner.”
Crossroads continues to attract tenants and owner/users, with approximately 788,000 square feet in five buildings either built or under construction at the Park. Additional space remains available for lease, as well as future phases on the south end of the park offering up to five additional buildings on a build-to-suit basis for users for sale or lease.
Murray & Stafford are the general contractor and Ware Malcomb is the architect for the building. Colorado Business Bank provided financing for the project. The Newmark Grubb Knight Frank team of Mike Wafer, Tim D’Angelo, and Mike Wafer Jr. represented Trammell Crow Company in the transaction and handles the leasing and marketing for Crossroads.
About Sierra Pacific Industries
Sierra Pacific Industries (SPI) is a third-generation, family-owned and operated forest products company based in northern California. Sierra Pacific owns 1.9 million acres of timberland in California and Washington, and is the third largest private timberland owner and third largest lumber producer in the U.S. Sierra Pacific operates 13 sawmills, seven renewal power cogeneration facilities, and four wood remanufacturing/millwork and window plants in California, Washington and Wisconsin. SPI’s window company, Sierra Pacific Windows, is one of the fastest growing wood window companies in the US. Overall Sierra Pacific has 4,700 crew members. For more information visit www.spi-ind.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 more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of March 31, 2016, TCC had $7.1 billion of projects in process and $3.1 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 www.TrammellCrow.com.