TCC Venture Donating 1.5 Acres For New Veterans of Foreign Wars PostTrammell Crow Company and an institutional investor have partnered to acquire a 22.2 acre site at the southwest corner of 99th Avenue and Van Buren Street for the development of Tolleson Logistics Center, a new 329,000-square-foot Class A industrial building. Construction on the new facility is scheduled to begin 1Q 2018.
“The Southwest Valley submarket is highly desirable by occupiers given its location and immediate access to Interstate 10, Interstate 17, the future Loop 202 and proximity to Sky Harbor International Airport,” said Cathy Thuringer, Principal with Trammell Crow Company’s Phoenix Business Unit. “The submarket boasts a tremendous labor base, attracting all types of users needing all levels of skilled labor. Its location in the Southwest Valley submarket makes it ideal for companies wishing to serve Metro Phoenix
and the southwest region in a single day’s drive.”
The state-of-the-art industrial project is located less than one mile south of a full diamond interchange at 99th Avenue and Interstate 10. The cross-dock building will be 781 feet long and 421 feet deep with a clear height of 36 feet and 190-foot truck court depth. Loading will be a combination of ramp and dock high with 271 auto parking spaces and 107 trailer parking spaces. The building will be divisible to 100,000 square feet to accommodate single or multiple tenants.
Butler Design Group will serve as the project architect and Willmeng Construction, Inc. as the general contractor. Cadence Bank N.A. is providing construction financing. Gary Anderson, Jim Wilson, Mike Gilbert and Brian Lee of Cushman & Wakefield are marketing the project on behalf of the venture.
In addition, the venture is donating 1.5 acres along the Van Buren frontage to VFW Post #6310 for the development of a new 8,000-10,000-square-foot headquarters building. VFW Post #6310 is a nonprofit veteran service organization comprised of eligible veterans and military service members. The new facility will serve administration of the organization as well as provide a meeting area for cultural and patriotic events for the residents of Tolleson.
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. [Update company stats]
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.