Trammell Crow Company Is Set To Break Ground This Month At 1375 West Fulton Market
Fully Financed Class A Office Tower to Offer Tenants a Hospitality-Driven Experience
CHICAGO, Nov. 14, 2018 /PRNewswire/ -- Trammell Crow Company (TCC) and CBRE Global Investors announce that construction will commence this month on a Class A, 300,000 square foot office tower located at 1375 West Fulton Market in Chicago's expanding Fulton Market neighborhood. The 14-floor tower will include 15,000 square feet of ground floor space for retail and restaurants. Fully financed, the amenity-rich building is expected to deliver in the first quarter of 2020.
Designed with employee wellness in mind, the building will feature multiple outdoor spaces on each floor, in addition to distinctive common outdoor spaces and hospitality-focused amenities totaling approximately 23,000 square feet. Situated at the west end of the Fulton Market neighborhood, the location offers prospective tenants a less congested area with easy access to a variety of public and private transportation opportunities and striking 360 degree views of the Chicago skyline and surrounding neighborhoods.
"Fulton Market has a unique personality that's attracting both forward-thinking global corporations and fast-growing technology and creative companies who want to be in a vibrant neighborhood with access to an educated and savvy workforce," said Sara Spicklemire, senior vice president at CBRE. "Our focus on human-centric architecture and streetscape design offers prospective tenants an office location where they can be part of this growing community while enabling their employees to thrive both personally and professionally."
Senior Vice President Sara Spicklemire and Vice President Kelsey Scheive with CBRE Chicago are responsible for leasing and marketing the building.
Additional details about 1375 West Fulton Street's unique design and hospitality-driven tenant offerings will be unveiled in December.
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 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2018, TCC had $8.8 billion of projects in process and $3.6 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:CBRE), 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 2017 revenue). For more information visit www.trammellcrow.com.
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $104.5 billion in assets under management as of September 30, 2018. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world's premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.
MEDIA CONTACT:
Andy Fountain
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SOURCE Trammell Crow Company
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