1.0+ MSF Project Features Two Class A Speculative Industrial Logistics BuildingsLOS ANGELES, CA – Trammell Crow Company (TCC), one of the nation’s leading developers and investors in commercial real estate, and joint venture partner Principal Real Estate Investors, announce that construction has commenced on The Brickyard in Compton, CA. The project will consist of two Class A industrial logistics buildings, totaling approximately 1 million square feet. Both buildings will be constructed simultaneously and the project is scheduled for completion July 2016.
“We are excited to be working with Mayor Aja Brown and Councilmember Janna Zurita on this industrial opportunity in Compton,” said Brad Cox
, Senior Managing Director with TCC’s Southern California – Los Angeles Business Unit
. “This is a rare and unique property situated in the epicenter of Los Angeles County, surrounded by more than 14.8 million people within a 50-mile radius. The Brickyard is the ideal site to develop a distribution/logistics or manufacturing center and bring economic growth to this area.”
Building A, which is comprised of 525,400 square feet, will feature 88 dock high doors with a cross dock configuration, 270 parking spaces, and 185-to-240-foot full concrete yard. Building B, which features481,600 square feet, will have 111 dock high doors with a cross dock configuration, 307 parking spaces, and a 185-foot full concrete yard. Both buildings will include a 10,000-square-foot mezzanine, 36-foot clear heights, a fully-fenced yard area with 12-foot high perimeter screen walls at truck courts, skylights, ESFR sprinklers, around 20,000 square feet of office space, and excess auto and trailer parking. The development team will be seeking LEED® Gold certification.
“I am excited to see Trammell Crow take on such a grand project,” commented Mayor Aja Brown. “From day one they have been committed to the city of Compton and transforming this site. They have been very responsible and giving corporate partners who believe in Compton and have shown that through their investment in us. Promises made and promises kept.”
The Brickyard offers easy access, located seven miles from LAX and 10 miles World Ports of Los Angeles and Long Beach, and provides ideal supply chain and eCommerce solutions to serve the Western United States and Southern California markets.
The project is being marketed jointly by John Schumacher, Bret Quinlan, David Stromath, and Dean Haney of CBRE. For more information about the project, visit: http://thebrickyardsouthbay.com
About Principal Real Estate Investors
Principal Real Estate Investors manages or subadvises $61.3 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®.
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 nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of September 30, 2015, TCC had $6.7 billion of projects in process and $4.0 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 2014 revenue). For more information visit www.TrammellCrow.com.