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September 19, 2020
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Trammell Crow Company and CBRE U.S. Development Partners 5 Complete 356k sf Industrial Development in Phoenix

9/15/20

Work has been completed on Park Aldea, a 356k sf, four-building industrial development in Phoenix. The project is a development of Trammell Crow Company (TCC) and its partner, CBRE U.S. Development Partners 5, a fund sponsored by CBRE Global Investors.

Green Worldwide, an international shipping company, signed a lease to occupy the entirety of Building C, which spans 87.3k sf and is located at 10200 West Montebello Ave. The company plans to move to the new facility at the end of 2020.

Park Aldea is located on a 27-acre site just west of the intersection of 99th Ave and Cardinals Way (Bethany Home Rd). Three buildings at the development are available for lease and include Building A, which spans 74.1k sf; Building B, which includes 76.3k sf; and Building D, which offers 118.2k sf. Divisibility is available down to 7.3k sf.

Park Aldea is easily accessible from the Loop 101 Fwy and Cardinals Way, providing access to a deep, diverse labor pool. The site is 20 minutes from Downtown Phoenix and from Sky Harbor International Airport and is a short drive to the Westgate Entertainment District.

“Park Aldea is the first Class A industrial park to be built in the past 10 years along this 10-mile stretch of Loop 101. It is filling a huge void in this area for flexible, high-quality space that meets the needs of a variety of industrial users,” said Ryan Norris, Vice President at Trammell Crow Company.

Features at the buildings within Park Aldea include ESFR fire sprinkles; clear heights ranging from 24 feet up to 32 feet; building depths ranging from 140 feet to 222 feet and truck courts than range in size from 130 feet to 180 feet.

Mitchell Stravitz, Cooper Fratt, and Tanner Ferrandi with CBRE Phoenix serve as the exclusive leasing agents for the project. Ted Liles from Cresa represented Green Worldwide in its lease.




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