Trammell Crow Company Acquires 25-Acre Site in Tolleson, Arizona
March 4, 2021
The Phoenix Business Unit of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, along with capital partner Clarion Partners, LLC, announces that it has acquired a 25-acre site for the development of Tolleson 107 Logistics Center, a 332,075-square-foot logistics facility that will include 4.6 acres dedicated to retail.
Located in Tolleson, Arizona, the site sits at the Southeast corner of 107th Avenue and Van Buren Street and is located one mile from TCC’s Cowden Logistics Center development, which is currently under construction. The groundbreaking for the new Class A facility is slated for April 2021 and the building will be ready for tenant occupancy by year-end.
“Tolleson 107 is a strategic addition to our expanding logistics portfolio in Metro Phoenix and will complement our Cowden Logistics Center facility that is currently under construction in the immediate area,” said Cullen Mahoney of TCC’s Phoenix Business Unit. “We are appreciative of our long-standing partnership with the City of Tolleson and look forward to advancing this project.”
Phil Haenel, Andy Markham, and Mike Haenel of Cushman and Wakefield are handling the leasing assignment. The project is being designed by Butler Design Group.
“The TCC team showed creativity and persistence in executing the acquisition of this site and has devised a solid plan for a best-in-class logistics facility in the heart of Southwest Phoenix,” said Phil Haenel.
Andy Markham continued, “We have seen consistent user demand for this type of Class A product and are thankful to be involved in this special project with TCC and Clarion Partners.”
Tolleson 107 Logistics Center will feature 36’ clear height, concrete truck courts, 4 points of access, 52’ x 52’ column spacing with 60’ speed bays, 266 car parking stalls, 54 trailer parking stalls, and an ESFR sprinkler system. The site is situated just off the Interstate 10 and Loop 101 Freeways, providing strong local and regional access.
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.