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1/23/24
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TriColor Auto Group has agreed to pre-lease a new, 258k sf Class A industrial development in Surprise, AZ. TriColor, an online auto sales and financing company, expects to bring up to 500 new jobs to the area.
The building, Blue Cactus Logistics, is owned and was developed by BlueScope Properties Group. It is located at 13400 W. Cactus Rd, at the northwest corner of Cactus Rd and Summit Way.
Blue Cactus Logistics is the first Arizona industrial project by BlueScope. The build-to-suit project will be fully occupied by TriColor, which purchases, inspects, repairs, finances and sells a wide range of automobiles.
Scheduled for completion in mid-2024, Blue Cactus Logistics will feature a 32-foot clear height, 60’ speed bay, 26 dock doors, 3,000 amps of power and up to 1,000 stacked parking spaces. Interiors feature ESFR sprinklers, LED lighting and an abundant use of clerestory windows.
Blue Cactus Logistics will serve as TriColor’s third Arizona location. Its Phase 1 presence at the project will include approximately 200 employees. At full ramp up, TriColor expects the site to employ up to 500.
John Lydon, Kelly Royle and Anthony Lydon from JLL's Phoenix office represented BlueScope. Andy Thomas of HPI Real Estate repped TriColor.
“BlueScope originally planned Blue Cactus Logistics as fully speculative, but interest from TriColor quickly shifted the development to a build-to-suit,” said Lydon. “The developer’s ability to deliver modern new industrial space, combined with this site’s ability to accommodate heavy auto parking, was the perfect combination, especially considering the high-demand characteristics of the metro Phoenix industrial market.”
According to JLL, metro Phoenix industrial tenants represented 18.7 msf of leasing in 2023.
Based in Missouri, BlueScope Properties Group provides commercial real estate development throughout North America, with a connection to a builder network of more than 2,000 contractors who understand local building codes and market fundamentals. Fleming Construction is the general contractor for Blue Cactus Logistics and GH2 is the project’s architect.
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