Global developer and investor in commercial real estate Trammell Crow Company (TCC) has acquired a 229,917ft2 site in Granollers near Barcelona; its fourth site in Spain upon which it will deliver a Grade A logistics asset.
The company will develop one building divided into two parts which will offer 151,921ft2 of warehouse, office, and mezzanine space, on the site which will be known as CORE Granollers II.
The site is a short distance from TCC’s first acquisition in Spain, and benefits from quick access to the AP-7 and C-17 motorways, with Barcelona’s port and airport a 37-minute and 40-minute drive away respectively.
This will be the company’s second facility in Granollers, with the leasing campaign for Granollers I now underway and construction of a new 92,505ft2 building on the site set to be completed in spring 2023.
Sites for the construction of its other two facilities in Spain are located in the towns of Cabanillas in the Navarre province and Alovera in Guadalajara.