Trammell Crow Company (TCC), one of the largest commercial real estate developers in the United States, announced that work has commenced on a distribution center and packaging center totaling 1.6 million square feet at ChicagoWest Business Center (CWBC) in DeKalb, IL. Ferrara Candy Company committed to 106 acres in the center of the ChicagoWest Business Park and will occupy the two recently completed buildings, a 1.2 million-square-foot distribution center and a 466,000-square-foot packaging center, located at 801 E. Gurler Road and 1001 E. Gurler Road respectively, for its operations. Ferrara’s new distribution complex is expected to be fully operational in Q2 2021 and will bring approximately 500 jobs to the city.
“We are excited to begin construction on this project, which will deliver high-end distribution space for one of the most well-known candy companies in the U.S. The Ferrara team had the challenge of developing a facility plan that would meet the evolving needs of the its growing business and we’re grateful that they picked Trammell Crow Company and ChicagoWest Business Center to do so,” said Grady Hamilton, a managing director with TCC.
Oak Brook, IL.-based Krusinski Construction Company (KCC) has been named the general contractor on the project. Harris Architects, Inc. is the project’s architect of record and Jacob & Hefner Associates, Inc. is the civil engineer.
Trammell Crow Company will continue to seek other companies to do business at ChicagoWest Business Center; the firm can provide an additional 2.5 million square feet for industrial requirements in the market.
“While our focus is on executing this project for Ferrara and our partners, we are excited about the prospects that this development may bring for additional interest in ChicagoWest Business Center. The labor story, the Enterprise Zone incentives, the great community of DeKalb, and the convenient location and high-visibility that come from being situated on I-88 all support the regional distribution center that this site could provide for companies,” said Johnny Carlson, a principal with TCC. “With this project, along with the neighbors Ferrara will join in DeKalb – like Target, 3M, and Nestle – we hope to soon work with other companies that wish to capitalize on the strengths of the location.”
Joe Grimes, a Vice President with Trammell Crow Company, will oversee the design and construction of the project. Matt Mulvihill and Kevin Segerson of CBRE represented Ferrara in the transactions.
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 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2020, TCC had $14.8 billion of projects in process and $5.9 billion in its pipeline. It employs more than 550 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. 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 the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), 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 2019 revenue).
