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Texas investor, Arizona developer team up on spec industrial facility

By Audrey Jensen | Phoenix Business Journal

The presence of employers like Amazon has caught the attention of a group of investors that want to be part of the industrial boom in metro Phoenix.

Dallas-based Velocis has partnered up with Sumitomo Corp. of Americas and Seattle-based KBC Advisors to develop a 245,000-square-foot speculative industrial facility called the Summit at Surprise, just south of an existing Amazon facility. It will be the three firms’ fifth project together.

Read the full subscription story from the Phoenix Business Journal.

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