Groundbreaking ceremony for LogistiCenter at Copperwing. Picture courtesy of Dermody Properties
Dermody Properties has damaged floor on LogistiCenter at Copperwing, a 961-acre industrial campus in El Mirage, Ariz. Building started on the challenge’s first section, which contains two logistics amenities totaling 566,602 sq. toes. Supply is predicted within the spring of 2024.
One of many largest industrial parks in Arizona’s historical past, LogistiCenter at Copperwing will characteristic 10 million sq. toes of distribution house at full build-out, with particular person buildings encompassing as much as 1.5 million sq. toes.
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Dermody acquired the event web site in December 2021 from John F. Lengthy Household Belief, when the land’s industrial zoning was already in place. In 2022, a lot of the master-planned industrial challenge acquired a International-Commerce Zone designation. CBRE Govt Vice Presidents Pat Feeney Jr. and Daniel Calahan, alongside Affiliate Tyler Vowels, are the challenge’s leasing brokers.
LogistiCenter’s Section 1 contains the 282,181-square-foot Constructing 5 and the 284,421-square-foot Constructing 6. Upon completion, every facility will characteristic a 40-foot clear top, 60-foot loading bay, 60 dock doorways and two drive-in doorways, in addition to ESFR fireplace sprinklers and LED warehouse lighting.
LogistiCenter at Copperwing is taking form on the intersection of Northern Parkway Expressway and Dysart Highway within the West Valley submarket, some 30 miles from downtown Phoenix. The event web site, positioned between Loop 101 and 303, has latest and underneath development infrastructure enhancements, together with water and sewage service, in addition to new roads and electrical energy.
The fastest-growing industrial market within the U.S.
Higher Phoenix continues to be the nation’s strongest marketplace for industrial improvement. The metro had 54.1 million sq. toes underneath development as of February, representing 15.6 p.c of inventory, a CommercialEdge report reveals. Nationally, industrial developments accounted for under 3.7 p.c of complete stock.
One in every of The Valley’s new additions to the pipeline is Goodyear AirPark, an industrial campus which can embody 7 million sq. toes at full build-out. Lincoln Property Co. kicked off the event in January.
SkyPlus Developments can also be shifting ahead with its 3.8 million-square-foot master-planned improvement in Mesa, Ariz., because it broke floor on one other constructing on the 435-acre web site. The challenge started in 2019.
When it comes to future tasks, LG will make a $5.5 billion funding within the space, to develop a battery manufacturing complicated. Groundbreaking is predicted later this yr.
And, in February, Shopoff Realty Investments introduced plans for the event of a $500 million industrial park that can add 4.1 million sq. toes to Phoenix’s industrial stock.
