Trammell Crow Company
More than 6,000 professionals at Trammell Crow Co. have been delivering results-oriented facilities management services to the world’s leading corporations for over half a century. Averaging a 10- to 20-percent reduction in occupancy costs for long-term clients through documented best practices, online procurement of products and services, local management teams with global reach, national vendor relationships, and more, the company reports a portfolio of 88 million square feet in office buildings; 26 million square feet in shopping centers; and 141 million square feet in industrial buildings. Additionally, Trammell Crow’s involvement with other commercial buildings (facilities management for office, industrial, and retail) equals 178 million square feet. Three core services (building management, brokerage, and development/project management) are tailored for users of commercial real estate and facilities, and investors in commercial real estate. During 2002, Trammell Crow Co. broke ground on development projects valued at $506 million and currently has $3.5 billion “in process” development projects. Development starts for first-quarter 2003 were $142.3 million.
[Editors’ Note: Maintaining a strong balance sheet through the declining portion of the market cycle has been an often-repeated goal of Trammell Crow Co. over the past several years but also throughout its 50-plus-year history. During 2002, the company increased its cash position by over $40 million and reduced its line of credit debt from $49.5 to $19 million. Look to this industry leader to increase its revenues through operational improvements in its Global Services business, as well as pursuing new business in its Development and Investment area in healthcare and higher ed initiatives. Trammell Crow Co. has always been able to weather the cyclical nature of the real estate industry (and economy) and proceed with a position of strength.]