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6/23/26
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Becknell Industrial and STAG Industrial have purchased TEN56, a 12-acre site located at the southwest corner of 56th St and Chandler Blvd in Chandler, AZ. The buyers plan on developing a 184.4k sf industrial building on the site.
Construction is expected to begin in Q3 2026. The project will feature rear-load configuration, 32’ clear height, 100% HVAC, LED lights, 2.5k sf spec office, 33 dock-high doors, and two grade-level doors. Cushman & Wakefield’s Phoenix Industrial Team has been retained to lease the project.
Strategically located approximately one-half mile from a full diamond interchange on Interstate 10, the site offers exceptional regional and national distribution capabilities through immediate access to the I-10 corridor, convenient connectivity to the Loop 202 freeway system, and efficient access to both West Phoenix and the East Valley.
Cushman & Wakefield’s Phoenix Industrial Team represented the seller, The Basha Family, in the transaction. Additionally, Cushman & Wakefield’s National Industrial Advisory Group also arranged the joint venture equity for the deal.
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