Fort Worth, Texas

TCC and PGIM Real Estate Begin Construction on 1.6 MSF for Phase II of 35-Eagle

TCC and joint venture partner PGIM Real Estate have begun construction on Phase II of 35-Eagle industrial park in Fort Worth, Texas

May 3, 2017

Media Contact

Cynthia Langhorst

Global Head of Communications

Project Marks TCC’s Largest Industrial Development Project in History

Trammell Crow Company (TCC) and joint venture partner PGIM Real Estate have begun construction on Phase II of 35-Eagle industrial park in Fort Worth, Texas. Project plans for the 106-acre site include three new industrial buildings: Building A, a 1,089,642-square foot cross-dock warehouse; Building H, a 312,654-square-foot rear-load warehouse; and Building J, a 233,961-square-foot cross-dock warehouse. Completion for all three buildings is expected for late 2017.

This is the second phase at 35-Eagle. The joint venture partnership completed Phase I, which is comprised of two Class A+ buildings totaling nearly 1.6 million square feet in the fourth quarter of 2014. Shortly after completion, Phase I secured long-term leases with two investment grade tenants to reach 90 percent occupancy. Buildings B and D were sold to Heitman, a real estate investment management firm, in late 2016.

“We are extremely pleased to continue our work with PGIM Real Estate on Phase II of 35-Eagle,” said Scott Krikorian, Senior Managing Director of TCC’s Dallas/Fort Worth Business Unit. “35-Eagle provides tenants modern amenities and efficient access to local highways, intermodals and airports.”

Located at the NW Corner of I-35W and Eagle Parkway, the project is adjacent to Alliance Airport, the world’s first 100 percent 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 on all three buildings.

Alliance Architects, Inc. is the project architect. Conlan is the general contractor and Halff Associates, Inc. will serve as the civil engineer. Steve Trese and Bob Scully with CBRE Dallas are leasing and marketing the project.

About PGIM Real Estate

PGIM Real Estate is the real estate investment business of PGIM Inc., the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $66.0 billion ($47.6 billion net) as of December 31, 2016. PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, visit www.pgimrealestate.com.

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, 2024, TCC had $19 billion of projects in process and $13.4 billion in its pipeline. With 575 employees throughout the United States and Europe in 26 offices, the company serves users of and investors in office, industrial/logistics, healthcare, life science, data center and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.