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May 18, 2024
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SWC Development Partners Buys 28 Acres of Development Land in Surprise, Arizona


South Dakota-based SWC Development Partners purchased 27.9 acres of land in Surprise, AZ for $7.14 mil. The buyer will use the site for development of a multi-phased industrial development of warehouse/distribution, manufacturing, and flex facilities that will be for sale or lease.

The sold parcel marks the final phase of Skyway Commons, an industrial park which currently has four completed industrial buildings totaling 173.9k sf that were built by another developer. SWC Development Partners has plans to build eight buildings ranging from 25k sf to 139.3k sf.

Located at 11860 N Dysart Rd, the first building is already fully permitted, and will be a 59.4k sf warehouse/distribution facility that is anticipated to commence construction in October 2021 with completion in 4Q 2022. The second building will total 139.3k sf and will commence construction in 2Q 2022 with completion estimated 1Q 2023. The construction schedule for the remaining six buildings is to be determined based on market demand.

Skyway Commons is located within Skyway Business Park, a 300-acre rail-served business park situated in the heart of the northwest Phoenix region. It is located 35 minutes from downtown Phoenix and is minutes from the confluence of Interstate 10 and Arizona Loop 303. It will serve Arizona as well as the key markets in the Western United States including Ports of Los Angeles/Long Beach, New Mexico, Utah, Nevada and Southern California’s 23 million population.

Kevin Helland with Avison Young represented the buyer in the deal. Helland, along with colleague Mark Seale, will represent the ownership on the leasing and sale of the project.

“The Skyway Commons project will offer the buildings on a for sale and lease basis to meet the needs of all users targeting warehouse, distribution and manufacturing facilities in the West Valley submarket. Moreover, there is currently a dearth of available industrial buildings available in the Phoenix MSA in the 25k sf to 150k sf range, which this project is planned to serve,” said Helland.

He also noted that future phases will include industrial flex-space for lease under 10k sf, which is truly in short supply throughout the West Valley. The owner will also consider a build-to-suit situation for users seeking customized features.

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