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June 17, 2024
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Three-Building, 412k sf Peoria, AZ Industrial Project Completed


Caliber by Greystar, a three-building, Class A industrial development in Peoria, AZ, has been completed. Caliber marks the first development piece to deliver within Greystar’s $500 mil, 88-acre Peoria Place masterplan, which at build-out will include luxury apartments, build-for-rent homes and ground-floor retail in the heart of Peoria’s historic downtown.

Located at 9303, 9451 and 9595 N. 79th Ave in Peoria, Caliber by Greystar spans 411.9k sf in three buildings – a 114.4k sf Building A, 122.9k sf Building B, and 174.6k sf Building C.

All buildings feature 32’ clear height, modern 50’ x 52’ column spacing, energy efficient LED lighting, ESFR sprinklers and 190’ truck courts. Infrastructure installed at each building offers tenants the opportunity to double their power capacity from 3,000 to 6,000 amps, supporting expanded capabilities and value-add improvements such as roof-mounted solar systems and EV charging stations. Together, Caliber offers 99 dock doors and six drive-in doors, as well as parking for 554 cars.

All buildings also include completed speculative office space with conference rooms, break rooms, open and private offices, and restrooms. To facilitate an immediate move-in, Greystar has speculative HVAC and lighting on site so that a new tenant can immediately occupy 40k sf while waiting for permits to occupy their entire leased space.

“The completion of Caliber is the first step toward realizing our vision for Peoria Place, and we’re extremely pleased to hit this milestone,” said Wil Hogue, Greystar Senior Associate. “Caliber will serve as a magnet for new business and employment, fortifying the ‘work’ element in our live-work-play master plan.”

Caliber is located at the southwest corner of 79th and Grand avenues, directly along the U.S. 60, two miles from Loop 101, and within a 30-minute drive of 3,450 transportation/warehouse and manufacturing firms, and more than 14,180 employees from those sectors. It is also minutes from major retail, dining and entertainment destinations including Westgate and State Farm Stadium, and one-half mile south of Pioneer Community Park, an 83-acre public space with dog parks, an urban lake, public art and more than 10 lighted fields for various sports.

In January, Greystar broke ground on Marlowe Peoria Place, which will add 370 apartment homes to the Peoria Place master plan. The project will feature a fitness center, pickleball court, two dog parks, a coworking space in the clubhouse and a pool with cabanas and spa. At build-out, Peoria Place will include more than 700 apartments, 255 build-for-rent homes, 4.9k sf of retail space and the Caliber logistics project.

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