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February 28, 2024
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TEXAS/SOUTHWEST NEWS
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Trio of New Buildings Completed at 64-Acre Arizona Biz Park

2/01/23

Construction has been completed on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, AZ. The facilities were built by Graycor Construction Company on behalf of the developers, GID and SunCap Property Group.

The buildings are already 93% leased. The 100k sf Building 9 has been fully leased to multinational aerospace and defense technology company Northrop Grumman. The lease continues to expand Northrop Grumman’s footprint within Gilbert Spectrum, where it operates a state-of-the-art satellite manufacturing facility. The company expanded this operation in early 2022, moving into the award-winning, 120k sf Gilbert Spectrum 5, for which Graycor completed the shell building and tenant improvement.

The 142.2k sf Building 10 has been fully leased to full-service local and long-distance moving company, S&M Moving Systems.

Banner Industries has leased 27k sf and Varsity Brands has leased 18k sf in the 66.4k sf Building 11, leaving approximately 21k sf available. Banner Industries specializes in high purity and industrial flow component distribution for the semiconductor, solar, energy, life sciences, biotech, pharmaceutical and vacuum markets. Varsity Brands is an American apparel company primarily focused on academic apparel and memorabilia.

Collectively, the new Gilbert Spectrum buildings offer 28’ to 32’ clear height, a mix of dock-high and drive-in doors, generous power and ESFR sprinklers. They share a 190’ loading court. Graycor serves as the design-build general contractor. Balmer Architectural Group is the project architect.

Ken McQueen and Chris McClurg of Lee & Associates Arizona are handling the leasing for the developers. In addition to its existing and under-construction buildings, Gilbert Spectrum has one pad remaining for build-to-suit industrial development.

“Gilbert Spectrum has proven its ability to support tenants ranging from one of the world’s most tech-savvy aerospace entities to highly valued regional and local businesses,” said Mike Orr, senior vice president with SunCap Property Group. “It is an ecosystem of logistics, manufacturing, warehouse and distribution operators, located within a collection of buildings that can flex as this market’s needs evolve.”

At build-out, the Gilbert Spectrum industrial park will include up to 850k sf of office, flex industrial and technology-related space. The park is minutes from Interstate 10, the Loop 101 and the U.S. 60, is a short drive to Sky Harbor International Airport and Phoenix-Mesa Gateway Airport, and is within a 30-minute commute of approximately 1 million skilled laborers.





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