Rendering of Gilbert Spectrum Constructing 3. Picture courtesy of SunCap Property Group
SunCap Property Group has introduced the following workplace enlargement of its 64-acre Gilbert Spectrum campus in Gilbert, Ariz. The 119,222-square-foot, Class A constructing is anticipated to interrupt floor this month, with supply slated for the fourth quarter of 2024.
Dubbed Constructing 3, the workplace challenge landed a $37.7 million development mortgage in June, originated by First Nationwide Financial institution of Pennsylvania, CommercialEdge knowledge reveals. Graycor Building Co. will function basic contractor, Blamer Architectural Group is the architect in cost, whereas Lee & Associates is the appointed leasing dealer.
Developed in a three way partnership with GID, the enterprise park presently contains six buildings, totaling 625,828 sq. toes of workplace and industrial area, stated SunCap Senior Vice President Mike Orr, in ready statements. Upon full build-out, Gilbert Spectrum will characteristic as much as 850,000 sq. toes of workplace, flex industrial and tech area.
Present tenants on the campus embody Northrop Grumman, which absolutely occupies the 120,294-square-foot Constructing 5 and the 100,000-square-foot Constructing 9, together with S&M Shifting Programs, Varsity Manufacturers and Barner Industries.
The most recent workplace constructing at Gilbert Spectrum
To be located on an 10-acre lot between the southwest nook of Elliot Highway and South McQueen Highway, Constructing 3 will characteristic LED lighting, an outside amenity space and a parking ratio of 5 areas per 1,000 sq. toes. Leasing on the property will likely be led by Lee & Associates’ Affiliate Blake Peters and Principal Chris McClurg.
Earlier this 12 months, the builders of Gilbert Spectrum introduced that three extra warehouses have been accomplished, including some 310,000 sq. toes of area to the park.
Final month, Sunbelt Funding Holdings Inc. and Graycor broke floor on a 4-million-square-foot industrial park in Goodyear, Ariz. The event is a component of a bigger, 1,600-acre enterprise park, slated to embody 20 million sq. toes of workplace, industrial and retail area.
