Industrial

AUSTIN, TEXAS — Trammell Crow Company (TCC) has been appointed as the developer for the construction of a 57,600-square-foot, Class A build-to-suit industrial building. The project, Expo 12, will be Excel Filters’ new satellite manufacturing facility in Expo Business Park, a new industrial park located in Southeast Austin. TCC and Clarion Partners recently sold the 6.8-acre site for Expo 12 to a private investment company, who is leasing the building to Excel Filters. Construction on the project has commenced and will deliver in May 2016. Excel Filters will expand its operations from Los Angeles into Austin. Upon completion of the new building, Excel will staff the facility with existing personnel and new local hires. Expo 12, located in the four-building second phase of Expo Business Park, will include 28-foot clear heights, 13 dock-high doors and truck courts. Expo Business Park spans 37 acres and is located at 6231 E. Stassney Lane in the newly established Triple Freeport Zone. Mark Emerick, John Barksdale, Ace Schlameus and Darryl Dadon​ with CBRE’s Austin office represented both TCC and Excel Filters in the deal.

GRAND PRAIRIE, TEXAS — Cabot Properties, a private equity real estate investment firm, has purchased an 18.4-acre site in Grand Prairie. Cabot, along with Stream Realty, plans to develop two Class A industrial buildings totaling 322,853 square feet designed to accommodate tenants from 30,000 to 175,000 square feet. The project is located at the intersection of Roy Orr and Trinity boulevards in Dallas’ Great Southwest industrial submarket. Stream Realty will develop and lease the new project branded Trinity Crossing. Steve Riordan of Stream’s construction division will oversee the project. The project is expected to break ground this month and will deliver in the second quarter of 2016.