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2/03/26
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CapRock Partners has completed CapRock West 202 Logistics – Phase 2, the final phase of Phoenix’s largest speculative industrial development. Phase 2 delivers 825k sf of Class A warehouse space across three buildings on 43 acres in the Southwest Phoenix submarket.
With its completion, CapRock West 202 Logistics now totals 3.4 msf of modern, efficient industrial space across 183 acres, representing the first large-scale logistics complex along the South Mountain Freeway (Loop 202).
CapRock West 202 Logistics is located at the northeast corner of North 59th Ave and West Van Buren St, offering immediate access to I-10 and Loop 202. Downtown Phoenix and Phoenix Sky Harbor International Airport are within 15 minutes, and the majority of the Phoenix metro is reachable within 45 minutes. The location also provides efficient access to more than 230 million U.S. consumers within a three-day truck drive.
Phase 2, located at 675 N. 55th Ave, includes Building F (301.8k sf), Building G (295.6k sf) and Building H (227.1k sf). The buildings feature clear heights ranging from 32 to 36 feet and a combined 139 dock-high doors, catering to modern logistics, distribution and light manufacturing users.
Project completion coincides with CapRock securing a 1.06 msf lease for Building C, the largest building within the CapRock West 202 Logistics complex, to an undisclosed corporate tenant. As part of Phase 1, Building C is a modern cross-dock facility featuring 40-foot clear height, 159 dock-high doors, four drive-in ramp doors, 500 auto parking stalls and 279 trailer parking stalls, supporting high-volume distribution operations.
In the third quarter of 2025, CapRock also welcomed an undisclosed manufacturing tenant to the entire 532.7k sf Building B, also part of Phase 1. Phase 1 delivered five buildings totaling approximately 2.5 msf across 140 acres. Phase 1 of CapRock West 202 Logistics project is now 85 percent leased.
“CapRock West 202 Logistics brings a rare combination of freeway access and institutional-quality building specifications in a unique infill location, creating a clear operational advantage for tenants,” said Payson MacWilliam, vice chairman at Colliers. “The development stands out as one of the most strategically positioned industrial campuses in the Phoenix metro, offering unmatched connectivity and proximity to both population centers and key employment hubs.”
MacWilliam, Don MacWilliam, Chris Reese and Casey Koziol of Colliers represented CapRock in the Building C lease transaction and are handling all leasing efforts for CapRock West 202 Logistics.
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