Photo Courtesy of CapRock Partners
By AZ Big Media
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, today announced the completion of Phase I of CapRock West 202 Logistics, a new leading-edge speculative industrial development in the Southwest Phoenix submarket. Delivery of the 140-acre phase brings approximately 2.5 million square feet of Class A industrial warehouse space across five buildings to a key infill logistics location along Phoenix’s primary transportation corridors.
At total project completion, CapRock West 202 Logistics will offer 3.4 million square feet of Class A industrial warehouse space on 183 acres, making it the largest industrial development in Phoenix’s history and the first large-scale industrial complex to arrive along South Mountain Freeway (Loop 202).
Colson Group USA, the world’s largest manufacturer and distributor of caster, wheel, and related hardware products, is the first tenant to commit to CapRock West 202 Logistics and has signed a lease for 118,833 square feet. The 130-year-old company plans to take occupancy in Q4 2023 upon the completion of tenant improvements.
The Phase I completion and initial lease at CapRock West 202 Logistics represents CapRock’s leadership and capabilities in delivering large-scale institutional-level industrial properties that support regional economic progress, serve tenant needs and enhance the overall U.S. supply chain.
