CBRE Investment Management and Trammell Crow Company Complete 500K-SF Cochrane Technology Center in Northern California

Trammell Crow Company (TCC), a global real estate developer, and JV partner CBRE Investment Management (CBRE IM), a global real assets investment management firm, completed construction on the Cochrane Technology Center (CTC), a 500,000-square-foot Class A business park in Morgan Hill, Calif. The development is currently the largest speculative industrial facility built and available in Silicon Valley, spanning five buildings and 30 acres.

“Silicon Valley is one of our strongest markets, benefiting from sustained user demand for state-of-the-art projects. The Cochrane Technology Center is a highly visible and occupant-ready facility in South county with proximity to the labor pool,” said Will Parker, a Principal with TCC. “The project is located with Highway 101 frontage and is designed for today’s occupier needs including high power in each building. The campus is designed to readily accommodate a single occupier for the entire project to leverage the site’s accessibility and signage opportunities, or lease to multiple occupiers across the five buildings.”

CTC includes buildings that range from 73,668 square feet to 138,698 square feet.

• Building A is the largest of the five, spanning 138,639 square feet. Features include 32’ clear height, 4,000 Amps power, 14 dock-high loading doors, two grade-level loading doors, and 188 automobile stalls.
• Building B includes 92,841 square feet and features 32’ clear height, 4,000 Amps Power, 9 dock-high loading doors, two grade-level loading doors, and 113 automobile parking spaces.
• Building C includes 122,101 square feet and features 32’ clear height, 4,000 Amps Power, 12 dock-high loading doors, two grade-level loading doors, and 386 automobile parking spaces.
• Building D includes 73,668 square feet and features 28’ clear height, 4,000 Amps Power, 8 dock-high loading doors, two grade-level loading doors, and 171 automobile parking spaces.
• Building E includes 74,006 square feet and features 28’ clear height, 4,000 Amps Power, 7 dock-high loading doors, two grade-level loading doors, and 109 automobile parking spaces.

“The industrial and logistics sector continues to be a high-conviction investment theme within our U.S. strategy. Modern, state-of-the-art assets like Cochrane are in high demand with occupiers who are increasingly using more technology and automation in their facilities,” said Nathan Zinn, Portfolio Manager, CBRE IM.

CBRE’s Chip Sutherland, Rob Shannon and Brian Matteoni are marketing and leasing the property.

TCC and CBRE IM previously delivered and sold the nearby Butterfield 5 Technology Park, which delivered more than 400,000 square feet of high-end industrial space to Morgan Hill in 2022.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $144.0 billion in assets under management* as of March 31, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About Trammell Crow Company

Trammell Crow Company (TCC) is a global commercial real estate developer and wholly owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2023, TCC had $15.8 billion of projects in process and $13.3 billion in its pipeline. It employs 650 professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.trammellcrow.com.