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KBC Advisors begins infill, class A Empire 101 industrial project in Peoria, Ariz.
On behalf of KBC Advisors Arizona, Stevens-Leinweber Construction (SLC) has started construction on Empire 101, a new class A industrial project fronting the Loop 101 freeway north of Cactus Road in Peoria, Ariz.
Located 12 minutes from the new TSMC semiconductor Fab plant and with access to almost 2.5 million residents within a 30-minute drive, Empire 101 represents an infill site selection opportunity for industrial tenants seeking strategic space in the metro Phoenix market.
“We were thrilled to acquire this land site in April 2022 and are even more excited to officially begin construction on the project,” said Mike Freret, partner and Arizona market lead at KBC Advisors. “In metro Phoenix’s tightening industrial sector, finding freeway-fronting infill locations like this is rare, but their development is critical to the local supply chain and growth in boom markets like the semiconductor industry. We will put this site to productive use and provide more jo