The Newport Beach Business Unit of Trammell Crow Company (TCC) and its JV partner, Clarion Partners LLC., are pleased to announce that they have started construction on Knox Logistics VII, a state-of-the-art, 1.1-million-square-foot speculative Class A logistics building. The development is located at the intersection of the I-215 freeway and Cajalco Expressway in Riverside County, California.
“We are very excited to begin construction on our second building in this size range along the I-215 corridor and look forward to seeing Knox Logistics VII take shape in the coming months,” said Tom Bak, Senior Managing Director for TCC’s Newport Beach office. “In addition to the property being in a prime location, Knox VII will have best-in-class design and specifications that we believe will be attractive to sophisticated users such as e-commerce or logistics firms.”
The Knox Logistics VII project is situated on 73 acres and will include 40-foot clear height, an eight-inch floor slab, cross-dock loading, 185-foot secured concrete truck courts, ESFR fire sprinklers, abundant auto and trailer parking, easy freeway access, and many other state-of-the-art features.
TCC & Clarion Partners’ previous development projects have brought thousands of jobs and other tangible and ancillary benefits to the County of Riverside, including public street and infrastructure improvements, increased property values and tax revenues, and world-class tenants who bring employment opportunities and tax revenues to the Inland Empire community.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, 2021, TCC had $15 billion of projects in process and $6.8 billion in its pipeline. It employs nearly 600 professionals in the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 23 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.
