Case Study Trammel Crow Company
The purpose of this memorandum is to provide recommendations to QRS as to whether a deal with Trammel Crow Company to develop Doral Costa should be pursued. Doral Costa Office Park provides solid cash on cash returns in excess of the desired benchmark (NCREIF plus 500 bps) with an attainable leasing schedule and various location and physical competitive advantages, and therefore should be pursued by QRS with slight modifications.
The Project
Doral Costa Office Park has been divided into two development phases, with phase I comprising a total of 147,028 square feet and phase II a total of 128,169 square feet. Phase I is proposed to start construction immediately. The construction of phase II should be tied up to the leasing of phase I and
The Project
Doral Costa Office Park has been divided into two development phases, with phase I comprising a total of 147,028 square feet and phase II a total of 128,169 square feet. Phase I is proposed to start construction immediately. The construction of phase II should be tied up to the leasing of phase I and