{"id":1004813570,"date":"2026-09-29T06:00:41","date_gmt":"2026-09-29T14:00:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004813570"},"modified":"2026-09-29T06:00:42","modified_gmt":"2026-09-29T14:00:42","slug":"trammell-crow-jv-begins-charlotte-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-jv-begins-charlotte-industrial-project\/","title":{"rendered":"Trammell Crow JV Begins Charlotte Industrial Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6abbdbaeb894e&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" data-attachment-id=\"1004813434\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/caldwell-commerce-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg\" data-orig-size=\"800,450\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Caldwell-Commerce-Center\" data-image-description=\"&lt;p&gt;Image emailed to Briefs&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Caldwell Commerce Center will occupy 23 acres in Charlotte, N.C. Image courtesy of Trammell Crow Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg\" alt=\"A rendering of Caldwell Commerce Center, a 233,335-square-foot industrial development in Charlotte, N.C.\" class=\"wp-image-1004813434\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Caldwell-Commerce-Center.jpg?resize=768,432 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Caldwell Commerce Center will occupy 23 acres in Charlotte, N.C. <em>Image courtesy of Trammell Crow Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Trammell Crow Co. has broken ground on Caldwell Commerce Center, a two-building, 233,335-square-foot speculative industrial development in Charlotte, N.C. Delivery is expected by July 2027.<\/p>\n\n\n\n<p>A consortium of investors led by CBRE Japan, including Mitsubishi Logistics Corp., is partnering with Trammell Crow on the development.<\/p>\n\n\n\n<p>Caldwell Commerce Center is being developed on 24 acres and will comprise two rear-load buildings measuring 106,175 square feet and 127,160 square feet. Each building will feature 32-foot clear heights, build-to-suit office space and ESFR sprinkler systems.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/how-trammell-crow-co-is-leveraging-its-strengths-in-a-complex-market\/\">How Trammell Crow Co. Is Leveraging Its Strengths in a Complex Market<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>CBRE Senior Vice President Bryan Crutcher and First Vice President Alek Salfia are the leasing agents for Caldwell Commerce Center. The project team includes general contractor Landmark Builders, civil engineer Seamon Whiteside and architect 9G Studio.<\/p>\n\n\n\n<p>Located at 6122 and 6125 Caldwell Park Drive, the project is near interstates 485 and 85.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strong-leasing-in-charlotte\">Strong leasing in Charlotte<\/h2>\n\n\n\n<p>Charlotte\u2019s industrial space market saw 1.3 million square feet of net absorption in the second quarter, which was about 30 percent below the prior quarter, according to a recent report from CBRE. The brokerage attributed this decline mostly to a limited availability of large-block spaces, those exceeding 500,000 square feet. Vacancy declined 10 basis points from the prior quarter to 7.1 percent.<\/p>\n\n\n\n<p>Leasing activity, however, remained vigorous, exceeding 4 million square feet for the second straight quarter. The most active types of users, CBRE reported, include retailers, e-commerce organizations and logistics providers, as well as a new subsector of <a href=\"https:\/\/www.commercialsearch.com\/news\/data-centers-are-giving-warehouse-demand-a-jolt\/\">data center suppliers<\/a>, following recent growth in data center development in the region.<\/p>\n\n\n\n<p>In late August, <a href=\"https:\/\/www.commercialsearch.com\/news\/beacon-breaks-ground-on-1-5-msf-charlotte-industrial-campus\/\">Beacon Partners started construction<\/a> on Rapid Commerce Park, a roughly 1.5 million-square-foot Class A industrial project in Charlotte. The first phase will comprise three manufacturing and logistics structures totaling about 410,000 square feet and is scheduled for completion in the fourth quarter of 2027.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of Japanese investors is partnering with the developer.<\/p>\n","protected":false},"author":882,"featured_media":1004813433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21748,21742,32781],"tags":[32789,52872],"class_list":["post-1004813570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-industrial","category-latest","category-southeast","tag-cbre","tag-trammell-crow-co"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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