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How the First Post-CRA Project Was Completed

LOS ANGELES—Trammell Crow's Gregory Ames tells GlobeSt.com how his firm brought an industrial property that had sat vacant for 30 years back to life in a 900-million-square-foot industrial market with a 1.6% vacancy rate in this EXCLUSIVE look at an I.CON Impact Project.

By Carrie Rossenfeld | Updated on February 24, 2016

Ames: “It's very hard sometimes to justify being the early mover, but if you can figure out how to be the early mover in a supply-constrained market, you will be rewarded for having done so.” Ames: “It’s very hard sometimes to justify being the early mover, but if you can figure out how to be the early mover in a supply-constrained market, you will be rewarded for having done so.”

LOS ANGELES—After eight years of effort, Trammell Crow Co.‘s development team was able to convert a brownfield property in Downtown Los Angeles that had sat vacant for 30 years into Clean Tech Manufacturing Center, a 372,000-square-foot, state-of-the-art industrial complex in a 900-million-square-foot industrial market with a 1.6% vacancy rate. GlobeSt.com spoke exclusively with TCC managing director Gregory Ames, developer team leader for the project, about the challenges his team faced and how they overcame them in this exclusive look at one of NAIOP’s I.CON Impact Projects, which will be featured at the conference April 5-6 in Dallas.

GlobeSt.com: What were the most interesting aspects of the Clean Tech Manufacturing Center development?

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