TCC Expands North Carolina Operations Into Charlotte
TCC and Residential Subsidiary High Street Residential Will Focus on Industrial, Mixed-Use and Multifamily Development
September 26, 2023
Trammell Crow Company (TCC), a global commercial real estate developer, is expanding its North Carolina operations, opening a new office in Charlotte. The expansion comes two years after TCC re-established its presence in the state with the opening of its Raleigh office. TCC Charlotte will focus on industrial, multifamily, and mixed-use development in the Charlotte Metro and surrounding areas.
“We are incredibly excited to be re-establishing a presence in Charlotte, a market that we believe has great growth prospects due to its strong population trends, business-friendly climate, and high quality of life,” said Campbell Smith, Senior Managing Director for TCC’s MidAtlantic operations. “Our North Carolina development team has done a great job growing our business over the last two years, and their success has led TCC to make an even stronger commitment to the state and expand its local leadership team. We are bringing more senior leaders to this market to continue growing our business in Charlotte and the nearby markets of Upstate South Carolina, working across a variety of product types and delivering the best projects on the best development sites.”
Ben Schon, Senior Vice President with TCC, will relocate to Charlotte from the firm’s Washington, D.C. office to lead the Company’s industrial development team in North Carolina. Ben joined TCC in 2015 and has been involved in over 7 million square feet of development projects in the industrial, office, health care and mixed-use sectors. He has been a key member of an industrial team, which, since 2020, has completed or commenced construction on 6.3 million square feet of projects.
Joining Ben in Charlotte is Charles Spry, a Senior Associate for TCC currently based in Raleigh. Charles will work on all facets of origination and execution of the Company’s projects across all asset types.
Ben will be joining TCC’s existing Senior Leadership team in North Carolina, which includes Josh Dix, Principal, and Woody Coley, Senior Vice President. Josh and Woody have been instrumental in opening the Raleigh office in 2021and growing TCC’s development pipeline across the state, which includes notable projects such as 400H in Raleigh and Metro 63 in Kannapolis. Josh will continue to lead the multifamily operations of High Street Residential (HSR), TCC’s residential subsidiary, throughout North Carolina. Woody will manage key client relationships, partner with Josh and Ben to originate new mixed-use, multifamily and industrial development opportunities, and lead TCC’s office and life sciences development efforts statewide.
Prior to re-entering the North Carolina market in 2021, TCC had developed, acquired or invested in nearly seven million square feet of space across 67 projects in the state between 1974 and 2013. This activity includes some of Charlotte’s most iconic buildings, such as Hearst Tower and Truist Center.
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.
About High Street Residential
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $4 billion with a current pipeline of nearly 3,500 units. For more information, visit www.highstreetresidential.com.