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March 29, 2024
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TEXAS/SOUTHWEST NEWS
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Trio of Recent Signings Total Over 150k sf at Spec Phoenix Industrial Park

3/24/15

Three recent lease signings total over 150k sf of space commitments for the first phase of Airport I-10, a spec industrial park under development in Phoenix. DLS Worldwide, DHL and Pilot Freight Services are the latest companies to ink deals for part of the 600k sf first phase, being built by Wentworth Property Company/Clarion Partners.

These latest transactions include:

• DLS Worldwide, a major, volume-leveraged third-party logistics provider, leasing 78.8k sf in Building B for a new headquarters, light manufacturing, assembly and distribution facility.
• DHL, the world’s leading postal and logistics group, leased 40.5k sf in Building E for a regional parcel delivery hub.
• Pilot Freight Services, a worldwide provider of transportation and logistics services, leasing 31.8k sf in Building E for centralized pick-up and delivery service operations.

JLL Executive Vice Presidents Pat Harlan and Steve Sayre, and JLL Associate Kyle Westfall represented Wentworth/Clarion in all three leases. Mike Gordon of Cresa repped DLS. John Werstler, Jerry McCormick and Cooper Fratt of CBRE repped Pilot. Jim Wilson of Cushman & Wakefield represented DHL.

The new leases join with a 63.5k sf pre-lease completed in mid-2014 with Anixter International Inc, a leading global distributor of enterprise cabling and security solutions, electrical and electronic wire and cable, and OEM supply fasteners and other small parts.Inclusive of Anixter, this brings the lease commitments at Airport I-10 to 215k sf, bringing the project’s Phase I at 35 percent leased, before construction is even finalized.

Located at the northwest corner of 24th St and Rio Salado, Airport I-10 Business Park represents the last large, developable parcel left in the Sky Harbor International Airport submarket. Phase I includes three Class A industrial buildings totalling more than 600k sf (278k sf, 169.1k sf and 156k sf). This portion of the project is 35 percent pre-leased to Anixter, DHL, DLS and Pilot.

At build-out, the 58-acre Airport I-10 property will include five Class A industrial buildings totalling 920.6k sf, with a modern environment for corporate users and fully equipped with state-of-the-art features such as ESFR sprinkler systems, 30- to 32-foot clear heights, cross-dock loading and 140- to 200-foot truck courts.






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