The Development Includes a 205,223-Square-Foot Industrial Facility on Low Court in Fairfield, California
Fairfield, Calif. – May 25, 2022 – Trammell Crow Company (TCC), the nation’s largest commercial real estate developer, and JV Partner Clarion Partners, LLC. announce that they have broken ground on a 205,223-square-foot industrial facility in Fairfield, Calif. Located at 2725 Low Court, the groundbreaking marks the first investment for the venture in the City of Fairfield. The Class A facility is slated to be completed in the Spring of 2023.
“Solano County continues to perform exceptionally well in 2022 and is coming off of record 2021 results,” said Will Parker, Principal with TCC’s San Francisco office. “The Fairfield industrial market in particular is compelling for industrial occupiers, but has limited opportunities for new or expanding companies. Our project will deliver much-needed inventory to this area and will provide users with a modern facility built with the future in mind.”
The Fairfield Industrial Center will be LEED certified and includes infrastructure for solar and EV charging stations among other sustainable attributes. Located within the Busch Corporate Center, users will have immediate access to key highways, including I-80 and Highway 12, and public transit. This Class A industrial project will feature enhanced exterior glass entries, canopies, façade accents, and a generously landscaped site highlighting water efficient planting. Move-in ready tenant improvements will be delivered with shell completion allowing for immediate occupancy suitable for a single user or multiple tenants.
“From a logistics perspective, the Fairfield project offers immediate ingress-egress off the I-80 freeway and pulls from a robust labor market of nearly three million workers within a 50-mile radius,” adds Clarion Partners Managing Director Nicole Welch. “As the 880-Corridor continues to face challenges with historically low vacancy, expensive rents and use restrictions, Solano County has entered the picture as a lower cost alternative in a very business-friendly environment.”
HPA is the project architect and FCL is the general contractor. Brooks Pedder and Tony Binswanger of C&W and Kevin Hatcher of CBRE will handle the marketing and leasing for the project.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is a global commercial real estate developer having developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, 2022, TCC had $19.8 billion of projects in process and $10.1 billion in its pipeline. It employs 700 professionals throughout the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (based on 2021 revenue).