Thunderbird Commerce Park. Picture courtesy of Creation
Phoenix-based Creation has acquired 18 acres in Scottsdale, Ariz., with plans to assemble a 243,360-square-foot Class A logistics and manufacturing constructing dubbed Thunderbird Commerce Park.
The developer intends to interrupt floor on the $60 million venture later this yr, with completion anticipated in late 2024. LGE Design Group offered structure companies and LGE Design Construct will function normal contractor.
The ability will come on-line inside Scottsdale Airpark, a 8.6-square-mile space across the Scottsdale Airport that’s dwelling to greater than 2,900 companies.
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The event web site is east of the southeastern nook of Scottsdale and Thunderbird roads, some 20 miles from downtown Phoenix. When full, the power will characteristic 51 truck doorways, a 32-foot clear top ceiling, 130-foot truck courtroom depth, 4 twin charging pedestals for electrical autos and 322 automotive parking areas.
Grant Kingdon, who was lately promoted to principal of Creation’s Mountain West area, stated in a ready assertion that the Scottsdale Airpark submarket is extremely supply-constrained and has among the many highest rental charges and tightest emptiness ranges within the Phoenix metropolitan space. Potential tenants may embrace corporations within the aerospace, electrical autos, pharmaceutical and semiconductor sectors.
Creation’s improvement portfolio presently consists of $4.65 billion of initiatives in Arizona, California, Colorado, New Jersey, New York, Tennessee and Texas. One in every of these initiatives is a 1.4 million-square-foot industrial campus to take form in Gilbert, Ariz.
