Trammell Crow, CBRE IM Cap Off Bay Area Industrial Campus
A joint venture between Trammell Crow Co. and CBRE Investment Management has completed construction of Cochrane Technology Center, a five-building, 500,000-square-foot speculative industrial campus located in Morgan Hill Calif., in the southern portion of Silicon Valley. The property is the largest development of its kind in the area, spanning 30 acres.
This marks the partners’ second outing in Morgan Hill. The firms previously collaborated on the development of Butterfield 5 Technology Park, a 410,000-square-foot project that Invesco Real Estate acquired in June 2022. Trammell Crow also delivered the first phase of Fairfield Industrial Center, a 205,223-square-foot facility located northeast of San Francisco in Fairfield, Calif.
Construction of Cochrane Technology Center began in 2022, four years after the partners purchased the site. HPA designed the park and Kier + Wright provided civil engineering services, while Millie and Severson served as the general contractor. CBRE is overseeing leasing.
Specs in the tech capital
The park’s five buildings range in size from 73,668 square feet to 138,698 square feet. Building A is the largest of the five and includes an exterior with 14 dock-high and two grade-level loading doors, which feed into an interior with 32-foot clear heights. Building B encompasses 92,841 square feet and features 32-foot ceilings, nine dock-high and two grade-level loading doors.
Building C spans 122,101 square feet and provides the same clear heights as A and B, as well as 12 dock-high and two grade-level loading doors. Building D, the park’s smallest, has 10 loading doors, 8 dock-high doors and two grade-level doors. Building E, clocks in at 74,006 square feet and both D and E have 28-foot clear heights.
Each building in Cochrane Technology center has 4,000 amps of power, while the campus has a total of 969 parking spaces. Additionally, the buildings include speculative office space with conference rooms.
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Many of Cochrane Technology Center’s neighbors are in the tech sector, such as include Anritsu, Terrapin Systems, Aragen Bioscience and semiconductor supplier NxEdge. The park is also within one mile of Cochrane Commons and Madrone Village, two shopping centers that offer a variety of retail and dining options.
Located at 1840 Cochrane Road, the campus lies within 1 mile of U.S. Route 101 and is an 18-mile drive from San Jose. San Francisco is 60 miles northwest.
Trammell Crow’s tech focus
Trammell Crow continues to be active in deals tied in some way to technology, whether in life science projects or investment in markets seeing growth by tech companies. Last week, the firm wrapped the first phase of Science Square, an 18-acre, 368,258-square-foot life science project in Atlanta that it is developing in partnership with the Georgia Institute of Technology.
In February, the firm topped out on Hyde Park Labs, a 302,388-square laboratory project in Chicago’s South Side.
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