Tracy, Calif. – March 16, 2023 –Trammell Crow Company (TCC), a global real estate developer, and JV partner CBRE Investment Management, on behalf of a fund it manages, have completed construction at the Tracy 205 Logistics Center. The Class A cross-dock facility is a single industrial building totaling 606,343 square feet. The project is strategically located in the heart of Tracy’s Northeast Industrial submarket, with frontage along Grant Line Road, offering excellent connectivity for tenants throughout the Bay Area and Northern California.
Tracy 205 Logistics Center features 40’ clear heights, 4,054 square feet of office with above-standard improvements, a fully fenced and secured yard, a 185’ full-depth truck court, and a dedicated full-movement intersection. Additional features include LED lighting throughout the warehouse, 40,000- pound mechanical dock levelers, rated 4,000-amp electrical service, sky lights and an ESFR system.
“We are pleased to deliver the Tracy 205 Logistics Center, a Class A project which currently represents the largest industrial availability in the Tracy and Lathrop area,” said Will Parker of TCC. “As the Northern California industrial market continues to demonstrate broad interest for high-end logistics space, this project is well positioned for distribution occupiers to service the region.”
“We’re proud to partner with Trammell Crow on this state-of-the-art logistics development. Logistics continues to be a high-conviction sector for us, and we believe that modern, well-located assets such as Tracy 205 will deliver the best, long-term value for both occupiers and our investors,” said Mary Lang, Head of Americas Direct Logistics Strategies for CBRE Investment Management.
CBRE’s Central Valley Team of Tom Davis, Bob Taylor and Dan Davis are marketing the project, which is currently available to lease. HPA Architecture designed the project. Kier & Wright served as the civil engineer, and Big D Pacific Builders was the general contractor.
About 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, 2022, TCC had $16.9 billion of projects in process and $12.9 billion in its pipeline. It employs 700 professionals in 27 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.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $149.3 billion in assets under management* as of December 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.