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4/08/26
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In a significant industrial lease in Phoenix, an unnamed global advanced energy storage systems manufacturer inked a deal for 597.4k sf of space across two freestanding warehouse buildings at CapRock West 202 Logistics – Phase 2.
The company will occupy Buildings F and G, totaling 301.8k sf and 295.6k sf, respectively. The transaction brings the 3.4 msf, Class A campus to approximately 82% leased.
Designed to serve a range of industrial users, Phase 2 was completed in December 2025. It comprises three warehouse facilities totaling 825k sf on 43 acres in the Southwest Phoenix industrial submarket. Buildings F and G feature 36-foot clear heights, 47 dock-high doors per building, drive-in ramp access, and speculative office suites. Additional features include full-building HVAC, LED lighting, dock equipment and high-performance insulation systems, supporting a wide range of assembly, distribution and climate-controlled operations.
In total, CapRock West 202 Logistics spans 183 acres and represents the first large-scale logistics campus along the Loop 202 South Mountain Fwy. The marquee project is located at the intersection of Interstate 10 and Loop 202, providing direct access to two of the region’s primary transportation corridors. The location enables tenants to bypass the congested I-10/I-17 interchange while maintaining efficient connectivity to Southern California ports, Tucson and the Mexican border. The site also offers access to a deep labor pool, with downtown Phoenix and Phoenix Sky Harbor International Airport within 15 minutes and most of the metro area reachable within 45 minutes.
Payson MacWilliam, Don MacWilliam, and Casey Koziol of Colliers represented CapRock in the transaction and are leading leasing efforts for the project. Terms of the lease are not disclosed.
“This two-building lease at CapRock West 202 Logistics underscores sustained demand for institutional-quality space in highly connected locations that supports both immediate operations and long-term economic growth,” said Bob O’Neill, executive vice president at CapRock Partners. “Phoenix’s industrial market continues to evolve as reshoring and nearshoring drive demand from advanced manufacturing and logistics users, with a growing emphasis on speed to occupancy, operational efficiency and long-term scalability.”
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