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September 19, 2020
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Trammell Crow Company Acquires 24 Acres in NoCal for Industrial Development

8/07/20

Trammell Crow Company (TCC) has acquired a fully entitled 24-acre site in Morgan Hill, CA, on which the firm is planning to develop up to 440k sf of light industrial space across five Class A buildings. The currently undeveloped land, which is located west of Hwy 101 at Butterfield Blvd and Sutter Place, is within the Morgan Hill Ranch Business Park.

“The demand for new, Class A light industrial space in Santa Clara County continues to be robust, even in the current economy. Similar to our Morgan Hill Technology Center project that we plan to build at Hwy 101 and Cochrane Rd, this investment in the Morgan Hill community will generate local jobs and needed tax revenue,” said Don Little, Senior Vice President of TCC’s Northern California Business Unit.

TCC plans to submit a development application for this new project to the City during the third quarter of this year. The intended project is consistent with the existing development agreement for the land..

Robert Jue, Head of Development for CBRE Global Investors Americas, added, “The Morgan Hill Ranch site is the final commitment in one of CBRE Global Investor’s development funds. The fund series has made 50 investments over the past 10 years. Our fund team is actively thinking about our next steps when it comes to investment in various development opportunities as we approach the next economic cycle.”

TCC currently owns an additional 60 acres of undeveloped land on the immediate east side of Hwy 101, between Cochrane and Half Roads. On this site, the firm plans to build an industrial and manufacturing technology park comprised of six buildings for prospective occupants as headquarters’ facilities, regional manufacturing and assembly/distribution facilities, and expansion space for existing Morgan Hill commercial tenants.





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