Trammell Crow Company Breaks Ground on Largest Speculative Development in Pacific Northwest
The Nearly 1.2 MSF Industrial Facility in Kelso, WA will Deliver in 2024
August 15, 2023
Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner Diamond Realty Investments, announce that construction has commenced on what will be the largest speculative industrial facility in the Pacific Northwest (PNW). Located at 2700 Talley Way in Kelso, Washington, the 82-acre site will include 1,185,600 square feet of industrial space and is scheduled for delivery in October 2024.
The single-story building will feature 40’ clear height; 650’ deep, double-loaded, 8,000 amps; 219 dock door positions; 351 trailer parking stalls; and 514 auto parking stalls. The site also includes adjacent land area that will allow for building expansion, a yard, or additional parking stalls. Construction will target LEED Core and Shell certification.
“Located in Kelso, the site is adjacent to Interstate 5 with immediate access to the highway at Exit 36. In fact, the project’s entrance is a signalized intersection with the on-ramps to I-5. Its location also benefits from a great labor profile, pulling from the Portland metropolitan area, 20 miles to the south,” said Kirk Olsen, a principal with TCC Portland. “The development is designed to meet a wide range of users and it can be customized with the additional 18 acres of land for building expansion, yard, or added parking for trailers and autos. The regional PNW market continues to see demand for Class A logistics space among a variety of industrial users needing to grow their footprint. We look forward to working with our project partners to deliver the facility next year.”
Project partners include HPA Architecture serving as the architect of record and Sierra Construction acting as the general contractor. Cara Nolan of CBRE Portland and Andrew Stark of CBRE Seattle are handling the marketing and leasing of the property.
“We are pleased to partner once again with TCC on another world-class industrial project in a premier location. We continue to believe in the resilience of global logistics and the Pacific Northwest location, where demand continues to outpace supply for this asset class,” shared Dave Richards, senior vice president of Diamond Realty's Industrial Investments.
As part of TCC’s commitment to diversity, equity, and inclusion, community investments have been made to the Cowlitz Indian Tribe, the Health & Human Services Group, and Lower Columbia College, where TCC established a scholarship for minority students majoring in welding, machining, or manufacturing.
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.