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August 9, 2020 Comments Off on Trammell Crow, CBRE Global Investors Buy 24 Acres, Plan 440K-SF Development Views: 881 Bay Area, California News

Trammell Crow, CBRE Global Investors Buy 24 Acres, Plan 440K-SF Development

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Trammell Crow Company (TCC) and CBRE Global Investors acquired a fully entitled 24-acre site in Morgan Hill, CA with plans to develop up to 440,000 square feet of light industrial space across five Class A buildings. The undeveloped land, which is located west of Highway 101 at Butterfield Boulevard and Sutter Place, is within the Morgan Hill Ranch Business Park.

CBRE Global Investors Americas’ Robert Jue says, “The Morgan Hill Ranch site is the final commitment in one of CBRE Global Investor’s development funds.”

TCC plans to submit a development application for this new project during Q3 2020. The intended project is consistent with the existing development agreement for the land.

TCC currently owns an additional 60 acres of undeveloped land on the immediate east side of Highway 101, where it plans to build an industrial and manufacturing technology park. That project will be comprised of six buildings envisioned as headquarters’ facilities, regional manufacturing and assembly/distribution facilities, as well as expansion space for existing Morgan Hill commercial tenants.

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