Rendering of Mission Park. Picture courtesy of Willmeng Building
Martens Improvement has damaged floor on Mission Park, a two-building, 723,508-square-foot industrial venture in Buckeye, Ariz. Ware Malcomb offered structure companies, whereas Willmeng Building serves as basic contractor and Kimley-Horn as civil engineer. Completion is predicted within the second quarter of 2024.
The event represents Martens’ entry in Buckeye, an rising industrial submarket within the Valley, Principal David Martens talked about in ready remarks. The agency’s Larger Phoenix portfolio spans roughly 3 million sq. toes.
READ ALSO: We Additionally Must Amenitize Industrial. Begin With the Break Room.
Mission Park is taking form on 3.4 acres close to Interstate 10. The 196,353-square-foot North Constructing will function 32-foot clear heights and 45 dock-high doorways, whereas the 527,155-square-foot South Constructing can have 40-foot clear heights and 82 dock-high doorways. The property will embody 60-foot pace bays, ESFR fireplace sprinklers and a complete of 828 auto parking spots.
When delivered, Mission Park will cater to small- to large-scale tenants. CBRE Senior Vice Presidents John Werstler and Kevin Cosca, along with Government Vice President Cooper Fratt, are the venture’s appointed leasing brokers.
The event web site is a few 23 miles west of downtown Phoenix, having direct entry to the Loop 303. Phoenix-Goodyear Airport is lower than 9 miles southeast.
Phoenix’s industrial market, nonetheless main the nation
On the finish of April, The Valley’s industrial market registered a 3.1 % emptiness fee, 100 foundation factors decrease than the nationwide common of 4.1 %, in accordance with a current CommercialEdge report. On the identical time, the metro continued to guide the nation when it comes to pipeline measurement relative to whole inventory, with a whooping 16.3 %.
One in all Phoenix’s ongoing developments has just lately moved ahead: Kentwood Ventures acquired $38 million in development financing for the event of a 314,453-square-foot spec industrial venture in Casa Grande, Ariz. The power is slated for completion in 2024.
