WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — Dallas-based Trammell Crow Company (TCC) has been named the recipient of the inaugural E-commerce Project of the Year award given by NAIOP, the Commercial Real Estate Development Association.
NAIOP is honoring TCC for its development of the I-215 Logistics Center, a 1.25 million square foot (SF) industrial fulfillment center located on 75 acres in Moreno Valley, California. Fully leased to Amazon.com, Inc. in 2014, it was Amazon’s fourth fulfillment center in the state and created more than 1,000 new full-time jobs to the region. At the facility, Amazon employees pick, pack and ship small items, like books, electronics and other consumer goods, directly to customers.
The award will be presented March 5 at NAIOP’s E.CON: The E-commerce Conference, in Atlanta, Georgia. Media are welcome to attend but must be pre-registered. Contact Kathryn Hamilton () to inquire.
About the Project
The I-215 Logistics Center was the first 1 million square foot speculative warehouse built in the region as it continued its recovery from the Great Recession. TCC embarked on an ambitious endeavor in 2011 – building a vast spec warehouse without any pre-leasing or direct tenant activity.
TCC, longtime partner Clarion Partners and construction lender Wells Fargo Bank seized an opportunity to develop what they anticipated would be a desirable structure in the industrial-heavy Inland Empire. After interest from several name-brand investment grade tenants, Amazon fully pre-leased the project.
“Trammell Crow Company is a leader in speculative industrial development because of our commitment to deliver to our tenants best in class building designs on best-in-class locations,” said Tom Bak, senior managing director of Trammell Crow Company’s SoCal—Newport Beach Business Unit. “By understanding their changing occupancy needs and drivers, we share a common vision with e-commerce tenants as they leverage fulfillment space as a competitive advantage.”
The building was designed with 32’ clear height and 60’x 52’ column spacing and a 7-inch floor slab. The roof design included two additional pounds of design load per SF for enhancements to the roof framing plan, allowing for either the future installation of a roof top photo voltaic system or for potential tenant requirements.
Other key design innovations include:
• Master planned site with multiple points of entry for trucks and employee automobiles.
• Truck queuing for superior truck maneuvering and staging.
• A significantly upgraded security system.
The project utilized an extremely efficient site plan and advanced building specifications that met the needs of a high occupancy load required by companies of Amazon’s size. Additionally, when the lease agreement with Amazon was completed, TCC and Clarion Partners embarked on a very aggressive tenant improvement schedule.
Unparalleled coordination was required with Amazon, the City of Moreno Valley and County and State authorities to allow TCC to meet design and contractual obligations. As a result, the City of Moreno Valley gained a premier e-commerce facility in Amazon’s operation, significant job opportunities for its constituents, positive regional and national recognition and a truly state-of-the-art distribution facility designed and built without compromises.
“We are honored to recognize Trammell Crow Company and their partners for their foresight to develop a facility that has had a major impact on the marketplace,” said Thomas Bisacquino, NAIOP president and CEO. “NAIOP members, including TCC, are on the cutting-edge of the most usable spaces for e-commerce distribution and fulfillment. It’s our privilege to recognize TCC for their commitment to advancing industrial real estate by creating the buildings in-demand by global e-commerce power players.”
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About NAIOP: NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 15,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit www.naiop.org.