PHOENIX — CapRock Partners has broken ground on CapRock West 202 Logistics Phase II, the 820,000-square-foot final phase of a speculative industrial development on 43 acres in southwest Phoenix. Sitework began in January on Phase II with project completion slated for November. Upon completion, CapRock West 202 Logistics Phase II will feature a 301,771-square-foot Building F, 295,586-square-foot Building G and 227,107-square-foot Building H. The properties will offer clear heights ranging from 32 feet to 36 feet. Buildings F and G will feature 47 dock-high doors, and Building H will include 45 dock-high doors. All Phase II buildings will feature four drive-in ramp doors and speculative office suites, R-38 warehouse roofs, R-11 warehouse wall insulation, full-building HVAC, LED lighting in the warehouse, dock-high load levelers and ample parking. Payson MacWilliam and Don MacWilliam of Colliers are handling leasing efforts for CapRock West 202 Logistics. At total project completion, CapRock West 202 Logistics will consist of 3.4 million square feet of Class A industrial warehouse space on 183 acres. CapRock completed Phase I, which includes approximately 2.5 million square feet of Class A industrial warehouse space across five buildings on 140 acres, in July 2023.
Arizona
Stevens-Leinweber Delivers 420,536 SF Global Fulfillment Center for Parts Town in Glendale, Arizona
by Amy Works
GLENDALE, ARIZ. — Phoenix-based Stevens-Leinweber Construction has completed the Global Fulfillment Center, within C|303 industrial park in Glendale, for Illinois-based Parts Town Unlimited. The new facility is Parts Town’s first location in the Southwest and its largest and most technologically advanced U.S. fulfillment center to date. Parts Town works in the high-tech distribution of original equipment manufacturer (OEM) foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts and related products. Global Fulfillment Center spans 420,536 square feet, occupying all of Building B at C|303 Phase I, a 1.7 million-square-foot industrial development by Merit Partners. The Parts Town facility features a 30,000-square-foot robotic Autostore system, a 42,000-square-foot mezzanine system, expanded battery charging capabilities for 24 forklifts, an automated material handling conveyor system running throughout the warehouse and two trucker’s lounges with dedicated restrooms. C|303 Phase I was designed and constructed by SLC and Butler Design Group as a speculative three-building development. Each building features a clear height of 40 feet, 20 dock-high and drive-in ramp doors, up to 70-foot speed bats, 8-inch reinforced floors and secured and expansive parking for autos and trailers. Additionally, all buildings offer LED lighting, insulated systems to maximize heating and cooling efficiencies and are Foreign …
TUCSON, ARIZ. — Schnitzer Properties has broken ground on two industrial developments in Tucson. The $73 million total investment in two Class A industrial spaces will provide workspaces for small and mid-size manufacturers and distributors. The two projects are Corona Commerce Center, totaling 146,963 square feet at 2717 E. Corona Road, and Drexel Commerce Center, offering 184,080 square feet spread across two buildings. Both properties will offer flexible leasing options, with spaces ranging from 6,700 square feet to 184,080 square feet. The development team includes Schnitzer Properties, Sun Corridor and Willmeng Construction.
PHOENIX — LaPour Partners and Holualoa Cos. have acquired land and secured planned approval for a dual-branded AC Hotel by Marriott and Element by Westin hotel within the 100-acre CityNorth master-planned community in north Phoenix. Groundbreaking for the project is planned for this year, with completion slated for January 2027. The eight-story development will feature 240 guest rooms with 5,700 square feet of flexible indoor-outdoor meeting space. The AC Hotel by Marriott will offer 142 guest rooms, and Element by Westin will offer 98 extended-stay guest rooms. Amenities will include a saline pool, AC lounge, Element Rise, outdoor fireplaces, an outdoor barbecue area, suites with balconies, a sundry market, AC Kitchen, guest laundry and EV chargers. LaPour Partners and Holualoa previously partnered on the Marriott AC Biltmore in 2018, which is located on Camelback Road in the Phoenix Biltmore Corridor. Terms of the land acquisition were not released.
TEMPE, ARIZ. — Captiva Partners has purchased a multi-tenant, small-bay industrial property located at 2209-2211 W. 1st St. in Tempe in an off-market transaction for an undisclosed price. Captiva plans to rebrand the 40,075-square-foot property as First Street Commerce Center and implement a comprehensive value-add business plan to elevate its appeal and functionality. Planned renovations include new signage, refreshed landscaping, exterior painting and upgraded interiors. Cory Breinholt of Commercial Properties represented the buyer and seller in the deal.
McShane Completes Construction of 310-Unit Northbend Multifamily Community in Tempe, Arizona
by Amy Works
TEMPE, ARIZ. — On behalf of Banyan Residential and Milhaus, McShane Construction Co. has completed Northbend, an apartment property in Tempe. Situated on 11 acres, Northbend features 310 apartments spread across three residential buildings and 8,000 square feet of amenity space, including a 4,300-square-foot clubhouse. Units offer open-concept floor plans with nine-foot ceilings and large windows, large kitchen islands, quartz countertops, stainless steel appliances, wood-style flooring, keyless entry systems, in-unit washers/dryers and walk-in closets. Select units offer courtyard, pool or city views and private patios or balconies. Additionally, the property offers some live-work units providing separate “storefront” style entrances for small business owners. Community amenities include a resort-style pool and sun deck, a fully equipped fitness center and yoga studio, a trading post with outdoor equipment loans and outdoor spaces, including a courtyard with fire pits, an entertainment lawn and a dog park. Designed by Todd & Associates, the garden-style buildings integrate wood frame construction with façades of stucco, thin brick and wood-look metal lattice.
TEMPE, ARIZ. — DAUM Commercial Real Estate Services has arranged the purchase of a manufacturing and distribution industrial building in Tempe. A private investor acquired the asset, located at 1326 W. Fairmont Drive, for $7.3 million from an undisclosed seller. The 39,813-square-foot property features seven dock doors and heavy power to accommodate both manufacturing and distribution uses. Parker Houston, Chris Rogers and Trevor McKendry of DAUM handled the transaction.
Overton Moore Properties, Invesco Break Ground on Three-Building Industrial Park in Tempe, Arizona
by Amy Works
TEMPE, ARIZ. — Overton Moore Properties, in partnership with Invesco Real Estate, has broken ground on Nextwave Tempe, a Class A industrial project situated on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe. Located at 1500 N. McClintock Drive, Nextwave Tempe will feature 689,000 square feet in three divisible buildings that can accommodate tenants from 32,000 square feet to 258,727 square feet. Each building will feature heavy power with expansion, abundant parking, full HVAC in the warehouses, speculative offices and private, secured truck yard areas. Layton Construction is serving as general contractor and HPA Architecture is the architect on record. Nextwave Tempe is slated for delivery in fourth-quarter 2025. John Werstler, Cooper Fratt and Tanner Ferrandi of CBRE are the listing brokers for the project.
Cushman & Wakefield | PICOR Negotiates $3.6M Sale of Industrial Property in Tucson, Arizona
by Amy Works
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of 44,000 square feet of industrial space at 1825 W. Price St. in Tucson. FRC Holdings of Tucson LLC purchased the property from WAA 1825 W. Price LLC for $3.6 million. Robert Glaser of Cushman & Wakefield | PICOR represented the buyer in the deal.
Canyon Partners Real Estate Sells Broadway 101 Commerce Park in Mesa, Arizona for $168.3M
by Amy Works
MESA, ARIZ. — Canyon Partners Real Estate LLC has completed the disposition of Broadway 101 Commerce Park, a Class A multi-tenant industrial park on 53 acres in Mesa. Irvine, Calif.-based CIP Real Estate acquired the asset for $168.3 million. Broadway 101 Commerce Park offers 809,230 square feet spread across 11 buildings, which were built from 2005 to 2007. The project is currently 98 percent leased to a roster of 34 tenants. Located at 2140-2360 W. Broadway Road, the industrial park features 125 grade-level doors and 109 dock-high doors. Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller in the deal. The firm’s Mike Haenel, Andy Markham, Phil Haenel and Justin Smith provided local advisory services and were retained by the buyer to continue leading leasing for the project. Additionally, Rob Rubano, Brian Share and Joseph Lieske of Cushman & Wakefield Equity, Debt & Structured Finance arranged a $93.8 million acquisition loan from institutional investors advised by J.P. Morgan Asset Management on behalf of CIP Real Estate.