Trammell Crow, CBRE IM Break Ground on Bay Area Project  

Cochrane Technology Center. Image courtesy of Trammell Crow Co.

Trammell Crow Co. and partner CBRE Investment Management have broken ground on Cochrane Technology Center, a business park in Morgan Hill, Calif. The 500,000-square-foot, five-building project currently is Silicon Valley’s largest speculative industrial development.

HPA is the project architect, while Kier and Wright will be the civil engineer and Millie & Severson will serve as general contractor. Completion is slated for early 2024.

Cochrane Technology Center is taking shape on a 30-acre site that the joint venture acquired in 2018. The industrial buildings will range from 73,000 square feet to 138,000 square feet, intended for multiple tenant sizes and needs. CBRE’s Chip Sutherland, Rob Shannon and Brian Matteoni will head up leasing and marketing at the property.

Located between Cochrane and Half roads, the development site is off Highway 101 providing easy access to distribution channels. It is in proximity to San Jose as well as the larger Silicon Valley.

On familiar ground

TCC and CBRE IM have been highly active together, especially in the Bay Area. Also in Morgan Hill, the joint venture developed Butterfield 5 Technology Park and recently sold the property to Invesco Real Estate. The industrial campus is similarly situated near Highway 101.

Elsewhere in the nation, the two purchased 74 acres with plans to develop a 1.1 million-square-foot industrial property in Sayreville, N.J. The soon-to-be Arsenal Trade Center is set for completion late next year.