Fort Worth, TX
TCC and Prudential Real Estate Investors Acquire and Break Ground on Spec Industrial Project in Fort Worth
TCC and joint venture partner Prudential Real Estate Investors have completed the purchase of a 314.4-acre property located at the northwest corner of I-35W and Eagle Parkway in northeast Fort Worth and begun construction.
January 7, 2014
Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, and joint venture partner Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE:PRU), have completed the purchase of a 314.4-acre property located at the northwest corner of I-35W and Eagle Parkway in northeast Fort Worth and begun construction. The project, named Trammell Crow 35/Eagle, will comprise 1.6 million square feet of speculative industrial space, making it the largest project of its kind in Trammell Crow Company’s 65-year history in Dallas/Fort Worth. The project is expected to be completed in 2014. Full build-out of the park will include over 4.2 million square feet of office, retail and industrial product.
“We are pleased to continue our relationship with Prudential Real Estate Investors in the Dallas/Fort Worth Metroplex and deliver a Class A office and industrial product on the best sites in the area’s top submarkets,” said Scott Krikorian, Managing Director with Trammell Crow Company’s Dallas/Fort Worth Business Unit. “This is a milestone project for us and we’re excited to be a part of it. The Alliance market is a branded destination for sophisticated users and has a strong demand for first generation space. This development will provide tenants with modern amenities, as well as efficient access to local highways, intermodals and airports.”
Plans for the land site include two speculative industrial buildings, Building B comprising 1,041,879 square feet and Building D comprising 548,495 square feet, totaling 1,590,374 square feet of Class A space. The project is located less than a mile away from Alliance Airport, the world’s first 100% industrial airport designed for cargo and corporate aviation, and offers efficient ingress and egress along I-35W, as well as north and southbound exits and entrances at Eagle Parkway and I-35W. The project is also located within three miles from the headquarters for the BNSF Railway, the second-largest freight railroad network in North America. Ownership will seek LEED® certification.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.