TCC and Daiwa House Sell Advanced Manufacturing Building in Southwest Houston to Publicly Traded Tenant

Trammell Crow Company ("TCC"), a leading commercial real estate developer, and joint venture partner Daiwa House Texas Inc. have sold Building 3 at Blue Ridge Commerce Center ("Blue Ridge") in Houston, Texas. Located at 16851 Blue Ridge Commerce Dr. and measuring 153,928 square feet, Building 3 was sold in early September to Applied Optoelectronics ("AOI"; NASDAQ: AAOI) for $26.8 million. AOI leased 100% of the building in February 2026.

AOI is a leading provider of advanced optical and HFC networking products powering AI. Headquartered in Sugar Land, Texas, the company develops and manufactures technologies that enable high-speed connectivity and network performance.

Building 3 of Blue Ridge Commerce Center was delivered in the fall of 2025, together with four other warehouse buildings totaling 1.35 million square feet. Since the delivery of Phase I, four buildings have been sold to owner-occupiers. Building 2, a 157,626 square-foot front-load building, remains available for lease or sale. Last month, TCC and Daiwa House broke ground on Phase II of Blue Ridge Commerce Center, which will include three new Class A+ buildings totaling 687,338 square feet. Phase II is scheduled for a Spring 2027 delivery.

"This transaction is especially meaningful given AOI's long-established presence in the Greater Houston market and their commitment to state-of-the-art manufacturing," said George Farish, Principal with TCC in Houston. "From the beginning, we envisioned Blue Ridge Commerce Center as a prime destination for growing companies seeking best-in-class industrial space. Securing respected Houston-area technology companies such as AOI reinforces that vision and speaks to the enduring appeal of this project."