Trammell Crow Company Breaks Ground on First Phase of Elkton Commerce Center in Maryland
May 6, 2021
The MidAtlantic Business Unit of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and JV partner Diamond Realty Investments announce that they have broken ground on the first phase of construction at the 299-acre Elkton Commerce Center. Phase One of the master-planned logistics park includes the construction of a 766,080-square-foot Class A warehouse building slated for completion in early 2022.
The park is strategically located off Route 40, Pulaski Highway, in the town of Elkton, Maryland offering direct access to I-95 and overnight access to one third of the nation’s purchasing income and 90 million people. The building will provide best in class specifications including a 40’ clear height, 128 dock positions and up to 257 trailer stalls. The two future phases of development at Elkton Commerce Center will provide an additional 2 million square feet for a total of 2.86 million square feet of logistics space throughout the entire park.
“We are thrilled to have started construction on this long-awaited logistics park in Cecil County. Elkton Commerce Center represents the culmination of years of close collaboration with the State, County and Town and the larger Southfields development to present the market with nearly 3 million square feet of state-of-the-art logistics space,” said David Neuman, Managing Director of TCC’s MidAtlantic Business Unit. “The combination of the skilled and abundant regional labor force, attractive economic incentives, direct access to multiple transportation nodes and abundant nearby retail amenities create the blueprint for a highly successful logistics park.”
As a community-based developer, TCC considers the value of sustainability and the broader impact that its development activities have on the environment. At the Elkton Commerce Center, TCC was able to preserve more than 82 acres of existing forest and woodland habitat on the site, which was placed in a conservation easement and will not be developed. In addition, TCC strategically positioned the three buildings planned on the site, allowing for 90% of the existing wetlands and 99% of the streams to be left undisturbed. In Phase I, over 2,500 new trees will be installed to offset the forest and fields that will be disturbed for the construction of the building and parking lots. The project will additionally feature an innovative stormwater management strategy, which will reduce the likelihood for erosion issues and provide clean stormwater entering the wetlands and the Chesapeake Bay.
McLane Fisher, John Gartland and Jonas Skovdal of Cushman and Wakefield are handling the marketing and leasing for the property.
“We are excited to bring state-of-the-art industrial facilities to market at Elkton Commerce Center,” said McLane Fisher, Managing Director at Cushman & Wakefield. “This project is at the crossroads of modern design, an established labor base, and excellent interstate access in a rapidly growing transportation and logistics corridor. Few industrial sites in the Mid-Atlantic can match these elements to meet the demands of logistics related occupiers.”
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.