AZBigMedia
Trammell Crow Company (TCC) today announced plans for a new Class A speculative commerce park in Metro Phoenix. The project will sit on 48 acres and be comprised of one to three buildings totaling approximately 700,000 square feet. The site is located on the Gila River Indian Community (GRIC), at the southwest corner of Loop 202 and 40th Street and positioned along the new South Mountain Loop 202 Freeway currently under construction with completion slated for by the end of the year. Construction of TCC’s commerce park is scheduled to commence in December 2019 and be complete September 2020.
“The South Mountain Loop 202 submarket is a newly emerging submarket given the 22- mile expansion of the Loop 202 Freeway, but already boasts tenants from a breadth of industries,” said Cathy Thuringer, a Principal with TCC’s Phoenix office. “This new access to and from the Southwest Phoenix and Southeast Valley submarkets will change the dynamic of travel for tenants and visitors to the area and provide excellent opportunities for product type optionality. This location benefit, along with the fact that supply and demand are in strong balance, signal to us that this new commerce park will be well received.”
