10:00 AM
Trammell Crow Company (TCC) announces the purchase of approximately 4.8 acres in its new Crossroads Commerce Park (Crossroads), and the groundbreaking of a build-to-suit for Empire Staple Company, one of the nation’s oldest and largest specialty distributors of tool, manufacturing and packaging supplies. Empire Staple Company will relocate their headquarters to Crossroads, and TCC is building 61,870 square feet, with an anticipated completion in the first quarter of 2016. Colorado Business Bank (CoBiz) is the construction lender, Murray & Stafford is the general contractor, and Ware Malcomb is the architect for this build-to-suit.
Based in Colorado since 1952, Empire Staple Company sells systems and supplies to nail, staple, strap, tape and mark products used in a wide variety of industries to manufacture, package and ship goods. This new building will feature a larger showroom, as well as accommodate their headquarters offices, light assembly and distribution needs.
“We are pleased to welcome Empire Staple Co. to Crossroads Commerce Park, and we are confident the Park will provide them with the environment they need to serve existing and new customers throughout the Rocky Mountain region,” said Bill Mosher, Senior Managing Director with Trammell Crow Company’s Denver office.
Bill Spicer, owner of Empire Staple Company, is thrilled to have a new location with access to both I-25 and I-70. “The Company has been looking for a new location from our current location on Platte Street for about 5 to 8 years,” adding, “…this location of 58th Avenue and I-25 has always been, in my mind’s eye, the right place to be.”
Crossroads Commerce Park is a modern, master-planned development of nearly 1 million square feet of Class A industrial space in multiple buildings, situated near the prime interchange of Interstates 25 and 70. The flexible site plan at Crossroads provides for building sizes from 17,000-to-376,000 square feet with cross dock, front park/front load and front park/rear load designs. TCC and Principal Real Estate Investors purchased the 36 acres adjacent to this parcel in July and commenced construction on three (3) speculative industrial buildings equaling 640,000 square feet at Crossroads. Future phases will include individual buildings on a build-to-suit basis for users for sale or lease.
The Newmark Grubb Knight Frank team of Mike Wafer and Tim D’Angelo represented the Seller in the land sale.
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 nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2015, TCC had $6.0 billion of projects in process and $3.7 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.