Jessup, PA

Trammell Crow Company and Diamond Realty Sell Valley View Trade Center

October 21, 2021

TCC Media NEMetro Valley View Trade Center

Media Contact

Elise Maguire Ferrara

Senior Manager, U.S. Communications & Media

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The Northeast Metro Business Unit of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and its JV partner, Diamond Realty Investments, Inc. (Diamond), announce the sale of Valley View Trade Center in Jessup, Penn. to Preylock Holdings, a Los-Angeles based real estate acquisition and management company with over $4 billion of assets under management. The Class A industrial building, which is 100% leased, includes 1,027,660 square feet and is located at 45 Valley View Circle, 20 minutes from Scranton, Penn.

TCC and Diamond broke ground on Valley View Trade Center in November 2018. The speculative distribution facility was completed in August 2020 and features 40’ clear height, 190’ deep truck courts with opposing trailer storage, ESFR fire protection, 311 trailer parking spots, 277 car parking spots, and 159 dock positions.

“Valley View Trade Center is a tremendous asset, and we are pleased to have partnered with Diamond to deliver this successful project,” said Andrew Mele, Managing Director with Trammell Crow Company’s NE Metro Business Unit. “We are excited for an ownership group as strong as Preylock to take over an equally impressive tenant roster for this project.”

The CBRE National Partners Northeast team comprised of Michael Hines, Brian Fiumara, Brad Ruppel, Joe Hill, and Lauren Dawicki represented TCC and Diamond 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 December 31, 2023, TCC had $15.8 billion of projects in process and $13.3 billion in its pipeline. It employs 650 professionals in 26 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.