JLL announced that it has secured a full-building pre-lease for Blue Cactus Logistics, a new 258,000-square-foot, class-A industrial development in Surprise, Ariz. TriColor Auto Group, an online auto sales and financing company, has committed to the project, which is projected to bring as many as 500 new jobs to the area.
Situated at the northwest corner of Cactus Road and Summit Way, Blue Cactus Logistics is the first Arizona industrial project by national developer BlueScope Properties Group. The build-to-suit project will be fully occupied by TriColor, which purchases, inspects, repairs, finances and sells a wide range of automobiles.
“We’ve had our eye on the Arizona industrial market since prior to the pandemic and have worked closely with JLL to stay updated on land opportunities,” said Matthew Roth, president at BlueScope Properties Group.
Scheduled for completion in mid-2024, Blue Cactus Logistics will feature a 32-foot clear height, 60-foot speed
