Trammell Crow Co., the Dallas-based real estate development, investment and operations company, and joint venture partner Principal Real Estate Investors broke ground this week on The Brickyard, a Class A industrial project in Compton, CA. The two-building project, one of 525,400 square feet and the other 481,600 square feet, will be constructed simultaneously and is scheduled for completion in July 2016. The project is being marketed jointly by John Schumacher, Bret Quinlan, David Stromath, and Dean Haney of CBRE; the cost of The Brickyard development was not disclosed.
"We are excited to be working with Mayor Aja Brown and Councilmember Janna Zurita on this industrial opportunity in Compton," said Brad Cox, Senior Managing Director with Trammell Crow's Southern California – Los Angeles Business Unit in a press release. "This is a rare and unique property situated in the epicenter of Los Angeles County, surrounded by more than 14.8 million people within a 50-mile radius. The Brickyard is the ideal site to develop a distribution/logistics or manufacturing center and bring economic growth to this area."
"I am excited to see Trammell Crow take on such a grand project," added Mayor Aja Brown. "From day one they have been committed to the city of Compton and transforming this site. They have been very responsible and giving corporate partners who believe in Compton and have shown that through their investment in us. Promises made and promises kept."
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