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8/11/15
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Conor Commercial Real Estate and Globe Corporation, in a joint venture, have acquired a 16-acre land parcel for the development of AZ|60 – a two-building, 225.6k sf industrial project in Gilbert, AZ. Available for-sale or lease, the spec facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector.
AZ|60 is located within Fiesta Tech Center on the northeast corner of Desert Lane and Colorado St, near the intersection of Arizona Ave and Baseline Rd. Located 20 miles from downtown Phoenix, the site offers substantial transportation cost savings to industrial users with its close proximity to U.S. Route 60 just one mile away and the Loop 101 three miles away. The site is also within a three-mile radius to nearly 13 msf of retail. Nearby corporate neighbors include Orbital ATK, Textron, Ferguson and Costco.
The development will be comprised of two Class A industrial facilities – Building 1 offering 104.9k sf and Building 2 at 120.7k sf. When completed, the rear-loaded industrial buildings will accommodate tenants ranging from 18.7k sf up to approximately 225k sf. State-of-the-art functionality will include 30’ clear height, grade level and dock-high loading, 180’ building depths, 52’ x 60’ column spacing, ESFR sprinkler systems and 3,000 amps, 277/480 volts per building. Generous on-site parking and truck maneuverability will also be included.
The venture will break ground in October with occupancy slated for April 2016. McShane Construction Company and Ware Malcomb have been selected to provide the design/build services for the industrial project.
Steve Larsen and Bill Honsaker of JLL’s Phoenix office represented the buyer in the land purchase and will serve as exclusive marketing agents for AZ|60. George Haugen with Haugen Commercial repped the property seller, Earnhardt Properties, LP.
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