DENVER, CO – Trammell Crow Company (TCC), along with partner Principal Real Estate Investors (PrinREI), announces that Crossroads Commerce Park (Crossroads), has been recognized as the 2016 Industrial Development of the Year by the Colorado Chapter of the National Association of Industrial and Office Parks (NAIOP). At their 30th Annual Awards of Achievement held Thursday evening at the Denver Center of the Performing Arts honoring the “Best of the Best” in the Commercial Real Estate Industry for 2016, NAIOP presented this award to TCC on behalf of their many partners and collaborators in this successful development.
“Crossroads Commerce Park was a long time coming--built on the site of the Globeville smelter which operated from the 1880’s through 1986 during which thousands of employees worked on the site,” said Ann Sperling
, Senior Director with TCC’s Denver office
. “After decades of evaluation and subsequent remediation the property was reborn as a Class A industrial park offering state of the art multi-tenant industrial buildings as well as build-to-suit options for users. The development of Crossroads kicked off the re-emergence of the central Denver industrial market. This project shows the benefits of public/private cooperation and the efforts of many private companies and brings back to Globeville hundreds of jobs as well as significant improvements to infrastructure benefitting the community.”
Many organizations have been integral in the evolution of the site, including the remediation and horizontal development by EnviroFinance Group, the EPA, CDPHE, CDOT, Adams County Planning, Building, and Economic Development, the City & County of Denver and the support of the Elyria-Swansea-Globeville Neighborhood Association.
Murray & Stafford is the general contractor and Ware Malcomb is the architect for CCP. The Newmark Grubb Knight Frank team of Mike Wafer, Tim D’Angelo, and Mike Wafer Jr. represent TCC and Principal in the leasing and marketing.
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 December 31, 2016, TCC had $6.7 billion of projects in process and $4.1 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 2016 revenue). For more information, visit www.TrammellCrow.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $69.9 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®. For more information, visit www.principal.com.