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8/08/24
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Seefried Industrial Properties and MDH Partners have teamed up in the purchase of a 5.1-acre site in Gilbert, AZ, with plans to develop Fiesta Tech Center, a 59.7k sf, state-of-the-art industrial facility. Construction is scheduled to commence in the third quarter of 2024, with delivery expected in the second quarter of 2025.
Fiesta Tech Center, located at 1352 N Fiesta Blvd, is strategically positioned in Gilbert's established in-fill submarket, approximately three-quarters of a mile from the US 60 at the Country Club Drive (SR 87) interchange. It is surrounded by a diverse industrial landscape that includes manufacturing, storage, warehouse, and distribution facilities. With its close proximity to major transportation routes such as I-10, I-17, State Route 51, and the recently completed 202 South Mountain Loop, Fiesta Tech Center provides seamless connectivity throughout the Phoenix metro area.
The facility is structured to address the dynamic requirements of modern general and light industrial users and will feature a 28-foot clear height, 19 dock-high doors, four grade-level doors, and 78 parking stalls within a secure fenced site. Designed for maximum flexibility, the new facility can accommodate tenants with space requirements ranging from 14.9k sf to 59.7k sf.
Phil Haenel of Cushman & Wakefield and Mike Parker of CBRE were involved in brokering this transaction. Parker will oversee leasing and marketing efforts for the property. The project architect is DLR Group, the civil engineer is Cole Engineering, and Alcorn Construction is serving as the general contractor.
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