Immigration Center Long-Term Lease Goes to JV
A venture between Trammell Crow and Elm Tree Funds has been awarded a 20-year build-to-suit lease with the GSA for occupancy by the US Citizenship and Immigration Services’ Texas Service Center.
IRVING, TX—A venture between Trammell Crow Company and Elm Tree Funds has been awarded a 20-year build-to-suit lease with the General Services Administration for occupancy by the US Citizenship and Immigration Services’ Texas Service Center. The one-story class-A 259,947-square-foot building will comprise office and support space which meets both the government’s security and energy-efficiency requirements. Construction is slated to begin this month and be completed in early 2020.
“Our entire team is thrilled to have been selected to construct the new Texas Service Center for the USCIS, and partner once again with the GSA on an important project,” says Tom Finan, a managing director of TCC’s Mid-Atlantic business unit. “We now turn our attention to the execution of this highly secure, environmentally friendly and efficient facility from which USCIS may continue to carry out its vital mission.”
The project will occupy approximately 27 acres on a ground lease with the DFW Airport situated at the northwest intersection of North Belt Line Road and President George Bush Turnpike.
“By aligning our development expertise both locally and with our team in DC, we can deliver a best-in-class facility for this important branch of the federal government,” said Scott Krikorian, senior managing director of TCC’s Dallas/Fort Worth business unit. “By consolidating several locations, the USCIS will be able to more efficiently deliver on their important mission.”
Gensler is the architect and Manhattan Construction Company will serve as general contractor. Additional team members include Halff Associates (civil), Thompson Ehle Company (MEP), Cardno (structural), Thornton Tomasetti (security), mycoskie+mcinnis+associates (landscaping) and CBRE (property management). Construction financing is being provided by JP Morgan Chase Bank NA.
“ElmTree is pleased to complete its fourth investment on the DFW Airport, and work with TCC and the GSA,” said Joseph Yiu, Managing Principal of Elm Tree Funds. “Dallas continues to outperform the rest of the country and we have made a concerted effort to invest in submarkets that are well positioned for continued growth.”
GSA was represented by Don Day and Jim Plaga of the US General Services Administration in the transaction.