Trammell Crow Company (TCC), along with partner Principal Real Estate Investors (PrinREI), announces that Crossroads Commerce Park (Crossroads) has been recognized as the 2017 Phoenix Award Winner for the Environmental Protection Agency’s Region 8 at the National Brownfields Conference in Pittsburgh, Pennsylvania on December 6, 2017. The Awards ceremony held Wednesday evening honored distinguished individuals and groups whose projects are recognized nationally for outstanding achievement of excellence in brownfield redevelopment.
“Crossroads Commerce Park has been a project in the making for decades, as it is built on the site of the Globeville smelter which operated from the 1880’s through 1986,” said Bill Mosher, Senior Managing Director with TCC’s Denver office. “Many neighbors, governmental entities and private remediation and development experts contributed to a successful strategy to prepare the site for a new role in our community.”
Some of the many organizations that have been integral in the evolution of the site include the remediation and horizontal development by Brownfield Partners and later, EnviroFinance Group (EFG), the brownfield redeveloper that remediated the site and sold the land to TCC, as well as the U.S. Environmental Protection Agency (EPA), Colorado Department of Public Health & Environment (CDPHE), Colorado Department of Transportation (CDOT), Adams County, the City & County of Denver and the Elyria-Swansea-Globeville Neighborhood Association.
Crossroads is now home to nearly 1 million square feet of Class A industrial buildings offering state of the art multi-tenant spaces as well as build-to-suit options for users. “This project shows the benefits of public/private cooperation and the foresight of many visionary companies working together to bring back to Globeville significant improvements to infrastructure and hundreds of jobs as well that benefit the community,” stated Ann Sperling, Senior Director with TCC.
Murray & Stafford is the general contractor and Ware Malcomb is the architect for Crossroads. The Newmark Grubb Knight Frank team of Mike Wafer, Tim D’Angelo, and Mike Wafer Jr. represent TCC and Principal in the leasing and marketing. Colorado Business Bank also has participated in financing three of the completed build-to-suit projects at Crossroads.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $69.9 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®. For more information, visit www.principal.com.
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 more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of September 30, 2017, TCC had $5.9 billion of projects in process and $5.4 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, 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 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 2016 revenue). For more information visit www.TrammellCrow.com.