PHOENIX—Trammell Crow Company, and joint venture partner Clarion Partners announce that construction has begun on Coldwater Depot Logistics Center, Phase 3, a 187,000-square-foot, class A speculative industrial building in Avondale. Construction is scheduled to be complete in the second quarter of 2015. This is the third and final phase of the venture's 66-acre master-planned Coldwater Depot Logistics Center industrial park.

Coldwater Depot Phase 3 will be the first distribution building developed in Southwest Phoenix in seven years that is specifically designed for 100,000 to150,000-square-foot warehousing requirements. This historically important user size range has been largely underserved as new developments in recent years have focused on much larger buildings. Much of the existing inventory of smaller distribution buildings are now 20 to 30 years old and do not have desirable attributes such as 30-foot clear height, 52-foot by 60-foot column spacing, ample truck maneuverability, trailer parking and the ability to secure truck courts.

“The Coldwater Depot Logistics Center project has been a tremendous success for the TCC/Clarion venture given the quality of buildings, location along the Interstate 10 freeway and growth and demand within the submarket,” says Cathy Thuringer, principal with Trammell Crow Company's business unit. “This third phase will target the smaller industrial user, a segment of the market that has become increasingly active as the economy continues its recovery.”