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Transactions - SEPTEMBER 7, 2021

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CapRock to develop 3.4msf industrial project in Phoenix

by Andrea Zander

CapRock has plans to develop a premier master-planned industrial development in Central Phoenix. It will be the largest speculative industrial real estate development ever built within the city.

The project, which will be located at the northeast corner of North 59th Avenue and West Van Buren Street, will sit on 183 acres with more than 3.4 million square feet of industrial space spanning across eight class A buildings.

Phase 1 will be delivered in second quarter 2023. It will include five buildings, totaling 2.55 million square feet on 140 acres. Phase 2 will comprise the remaining 43 acres and total 827,330 square feet across three buildings.

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