TCC Announces Development and Full Lease of Phase III at Park Lucero
TCC Announces Development and Full Lease of Phase III at Park Lucero
December 19, 2016
Silent-Aire USA, Inc. to Occupy the 146,832-Square-Foot Build-to-Suit
GILBERT, AZ –December 19, 2016 –Trammell Crow Company (TCC) and partner Artis REIT announce the development of the third phase of Park Lucero, a Class A, industrial build-to-suit, and full-building lease commitment by Silent-Aire USA, Inc. The manufacturing company has signed a lease for the 146,832-square-foot building located at 280 East Germann Road. Construction has commenced and the project is estimated to deliver in May 2017. The new facility will be a relocation and expansion of Silent-Aire’s current U.S. headquarters located in Gilbert.
“Silent-Aire is excited for the next phase of our manufacturing expansion in the United States and the designation of Gilbert, Arizona as our US headquarters,” said Brett Manning, Vice President of U.S. Operations for Silent-Aire USA. “We have been extremely pleased with our interactions with the Mayor, Council, and Town Staff. Working with the entire TCC team has been fantastic, and we are proud to contribute to the growth of the advanced manufacturing industry in Arizona and North America.”
“People are the foundation of Silent-Aire and our new Gilbert Headquarters will be home to our current 225 employees with 200 additional new career opportunities available for skilled and dedicated individuals who want to be part of our Silent-Aire USA team,” said Dan Leckelt, Co-President of Silent-Aire.
For more than 20 years, Silent-Aire has specialized in the research, design, fabrication and manufacturing of custom heating, ventilation and air conditioning (HVAC) systems with a concentration in Healthcare, Industrial and Data Center markets. Their products have been deployed around the globe and their technology systems heat and cool some of North America’s largest corporations, keeping several world-leading data centers operational.
“Silent-Aire is a tremendous asset for the Gilbert community and we’re excited for the 200 new jobs this expansion will create, in addition to the 225 jobs currently employed at their Gilbert location,” added Gilbert Mayor Jenn Daniels. “Park Lucero is home to many growing businesses and we look forward to what future phases of this development will bring.”
“We are excited to deliver Phase III of Park Lucero to Silent-Aire and provide a best in class manufacturing facility that will allow the company to grow and seek new business opportunities in the U.S. and globally,” said Cathy Thuringer, Principal with TCC’s Phoenix Business Unit.
Park Lucero is planned as a Class A industrial park featuring a combination of buildings with dock-high, truck well and grade-level loading, 24-foot to 30-foot ceiling clear heights and an overall 2.1:1,000 parking ratio. The project is located on 48 acres at the northwest corner of Mustang Drive and Germann Road near the Gilbert/Chandler border. The site has frontage along the Loop 202 freeway and Germann Road and is directly adjacent to more than 1 million square feet of retail amenities.
Western Alliance Bank is the project lender. Butler Design Group of Phoenix, AZ serves as lead architect and D.L. Withers Construction serves as general contractor. Rusty Kennedy with CBRE Phoenix represented Silent-Aire. The team of Pat Harlan and Steve Larsen of JLL represented the Landlord and handles the leasing and marketing for Park Lucero.
This is the third of four phases at Park Lucero. Phase II, a 131,796-square-foot general industrial building is currently under construction and scheduled for completion in January 2017. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings.
About Silent-Aire USA, Inc.
Founded in 1994, Silent-Aire is a global HVAC and data center manufacturing company. Our broad portfolio of products includes modular data centers; HVAC for mission critical, industrial, and institutions; and maintenance services. Globally Headquartered in Edmonton, Alberta, Canada Silent-Aire employs over 700 people, with manufacturing facilities in Edmonton, Alberta and Gilbert, Arizona, and sales/service centers in Seattle, Washington and Ashburn, Virginia.
At the heart of our company are our employees that strive to produce the best possible products and services. Our engineering team uses their knowledge of customer requirements, and a unique blend of experience and innovation to develop and produce the world’s best HVAC and mission critical solutions. For more information, visit www.silent-aire.com.
About Gilbert, Arizona
Located in the southeast valley of the Phoenix metropolitan area, Gilbert, Arizona has a resident base of 247,542 and is nationally recognized as the 22nd best place to live in the nation (CNN/Money Magazine, 2014); 2nd safest community in the nation (Law Street Media, 2016); 3rd best city to find a job (WalletHub, 2015), and has the highest median income in the nation (WalletHub, 2015).. The community promotes commercial investment opportunities for innovation-based industries such as aerospace and aviation, health and life science, clean technology, advanced business services, and manufacturing. For more information, contact [email protected] or visit www.gilbertedi.com. You can also follow Gilbert’s Office of Economic Development on Twitter at @GilbertAZEcoDev.
About Artis REIT
Artis REIT (TSX: AX.UN) is one of the largest diversified commercial real estate investment trusts in Canada and is an unincorporated closed-end real estate investment trust primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in select markets. Artis REIT’s portfolio consists of industrial, retail and office properties in Canada and the United States.
Artis REIT’s management team has over 200 years of collective experience in construction, development, and management of commercial and other properties in Canada and the United States. The management team at Artis REIT has implemented a prudent investment strategy, which includes stringent acquisition criteria, a conservative financing approach, and the development of excellent deal flow in its target markets. Artis REIT is fully-internalized and operates its own asset management and property management functions. These functions are responsible for the day-to-day management of the REIT’s portfolio as well as administrative services. For more information, visit www.artisreit.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 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 www.TrammellCrow.com.