AZRE
Trammell Crow Company (TCC) and an institutional investor have partnered to acquire a 38.5-acre site south of the southeast corner of 59th Avenue and Lower Buckeye Road in the Southwest submarket of Phoenix for the development of West 202 Logistics Center, a new 554,000-square-foot, Class A cross-dock industrial building. Construction is scheduled to begin 3Q 2018.
“The Metro Phoenix industrial sector continues to perform well with vacancy rates declining and rental rates increasing, and we are particularly excited about this site in the Southwest submarket given its proximity to the new extension of the Loop 202 freeway and the area’s skilled labor base,” said Cathy Thuringer, Principal with TCC’s Phoenix Business Unit. “We are also encouraged by the continued positive job growth and population growth as individuals are drawn to the area by climate, quality of life and affordability. ”
The state-of-the-art industrial building will be 960-by-570–foot deep and feature 36-foot clear heights, signature office entries and all concrete truck courts and circulation drives. Minimum truck court depths of 195 feet will provide efficient maneuverability and loading will consist of a combination of ramp and dock high doors. The site will accommodate 160 trailer parking spaces as well as ample auto parking.
