By Rose Law Group Reporter
GILBERT, ARIZONA, July 17, 2023 – Owner and developer SunCap Property Group is adding to its portfolio at Gilbert Spectrum with construction of a Class A, 119,222-square-foot “Building 3.” SunCap has selected Graycor Construction Company as the design-build contractor for the building, which will continue the evolution of the developer’s 64-acre industrial park in Gilbert, Arizona.
Construction on Building 3 is scheduled to begin this month, with delivery in fourth quarter 2024. When complete, Building 3 will span 9.8 acres at McQueen and Elliot roads, just west of Gilbert Spectrum Building 5. Also built by Graycor, the 120,294-square-foot Building 5 was completed in 2020 and is occupied by global aerospace and defense company Northrop Grumman as part of its state-of-the-art satellite manufacturing campus.
Last year, SunCap and Graycor also delivered Gilbert Spectrum Buildings 9, 10 and 11, which total 309,547 square feet of Class A industrial space and are leased to tenants including Northrop Grumman, S&M Moving Systems, Barner Industries and Varsity Brands.
“Building 3 continues our cohesive approach to the Gilbert Spectrum master plan, where we have delivered six buildings and more than 625,828 square feet of industrial and office space since 2016,” said Mike Orr, Senior Vice President with SunCap Property Group. “Each delivery has been welcomed with strong leasing activity, underscoring the demand for Class A commercial space in this premier location.”
“Graycor has a 100-year history rooted in relationships. Our relationship with SunCap is a great example of this,” said Rusty Martin, Graycor Construction Company’s Southwest Division General Manager. “We are excited to start work on Building 3 and pleased to continue to help bring this business park to the market.”
Features of Gilbert Spectrum Building 3 include generous window lines with 1” high-performance glass, modern workspaces, LED lighting, an outdoor employee amenity area, generous 5/1,000 parking and interconnectivity to the entire business park through a planned pedestrian system.
In addition to its existing and under-construction buildings, Gilbert Spectrum has one lot remaining for build-to-suit industrial development.
Balmer Architectural Group is the building’s architect. Ken McQueen, Chris McClurg and Blake Peters of Lee & Associates Arizona are the exclusive leasing brokers.
At build-out, the Gilbert Spectrum business park will include up to 850,000 square feet of office, flex industrial and technology-related buildings. All buildings are highly accessible to the U.S. 60, Loop 101 and Loop 202 freeways, approximately 20 minutes from both Sky Harbor International Airport and Phoenix-Mesa Gateway Airport, and within a 30-minute commute of approximately 1 million skilled workers.
