Trammell Crow Company Sells 100% Leased Tolleson Logistics Center
August 19, 2019
“Cohen Asset Management will benefit from the asset’s steady cash flow and favorable structural submarket fundamentals,” said Cullen Mahoney, a vice president with Trammell Crow Company Phoenix. “This deal also showcases how community goals can be aligned with financial objectives. We’re looking forward to the new VFW facility located on the site.”
The project’s state-of-the-art features include three points of ingress and egress with dedicated truck queuing lanes, 36’ clear height, cross-dock loading with 100% concrete truck courts, an ESFR sprinkler system, heavy trailer parking and automatic truck court gates. In addition, its location within the Southwest Valley submarket is highly desirable by occupiers with immediate access to Interstate 10, Interstate 17, the future Loop 202 and proximity to Sky Harbor International Airport. The project reached 100% occupancy in seven months following substantial completion. The venture donated 1.4 acres of land to the Veterans of Foreign Wars (VFW) for the development of a new facility.
C&W’s Will Strong represented the venture in the transaction.
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.