CBRE and TCC Partner on Tracy Logistics Center

CBRE Global Investors, on behalf of one of its investment funds, has acquired a 29.3-acre site in Tracy, CA, to build a logistics center. The investment firm will partner with Trammell Crow Company to develop a 606,343-square-foot logistics facility at 1205 East Grant Line Rd.

Work will start early in 2022 and is scheduled to be complete during the first quarter of 2023. In line with the firm’s continued commitment to sustainability, the development team is exploring implementing a variety of ESG features.

“This project presented a unique opportunity to acquire a permit-ready development site in a dynamic Northern California market, which is a location that we believe is well-positioned to meet the growing demand for high-end logistics space,” said Gary Jaye, head of Americas logistics operator division for CBRE Global Investors. “The world has changed dramatically over the last few years, and the rise of e-commerce and consequential need for logistics that can keep pace is set to continue.”

HPA is serving as the project’s architect of record, and Big-D Construction is the general contractor.

“Tracy is a sought-after location and this high-end development will optimize a well-connected site and contribute to the burgeoning logistics sector in the locality,” adds Will Parker, Trammell Crow’s Northern California industrial practice head.