Freeman Audio Visual Brings Building III to 70 Percent Occupancy
DALLAS, TX – November 28, 2016 – Trammell Crow Company (TCC) and joint venture partner, Clarion Partners, announce that Freeman Audio Visual, a leader in AV solutions, including audio visual equipment rental, services, lighting and event production, has signed a long-term lease for 202,137 square feet at I-30 Business Center III. The building, currently under construction in Pinnacle Park in Dallas, is in proximity to I-30 and Loop 12. The firm will consolidate in the building in January 2017. The transaction brings the 292,250-square-foot building to 70 percent occupancy upon delivery.“We welcome Freeman Audio Visual to our I-30 Business Center development in Pinnacle Park,” said Scott Krikorian, Senior Managing Director in TCC’s Dallas Business Unit. “We believe the project is a first-class space, located in a prime location, to reach the strong regional economy of the DFW area.”
I-30 Building III has a similar design as the first two buildings in the I-30 development, completed in May 2008, with a cross-dock configuration, 32-foot clear height and the design flexibility to provide multi-tenant occupancy. The building has immediate access to the I-30 frontage road, providing the best site ingress/egress in the market. The strong highway visibility also provides excellent signage opportunities, with more than 60,000 cars passing the building daily.
Tom McCarthy and Elizabeth Jones with JLL represented Freeman Audio Visual in the transaction and Kacy Jones and John Hendricks with CBRE Dallas represented the ownership.
About Clarion Partners
Clarion Partners, an SEC registered investment adviser, FCA authorized manager and FINRA member firm, has been a leading U.S. real estate investment manager for more than 34 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With $43.1 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 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 June 30, 2016, TCC had $7.1 billion of projects in process and $3.0 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.
