CapRock to Transform One of SW PHX’s Largest Remaining Infill Land Sites
CapRock Partners recently began development on CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of Phoenix. CapRock is transforming one of the largest remaining infill land sites in the Southwest Phoenix submarket into an eight-building class-A industrial warehouse complex totaling 3.4 million square feet.
The project will be accessible to key logistics transportation routes and bring much-needed warehouse space to the Phoenix metropolitan statistical area. CapRock secured the land for the project’s development via a long-term land lease. Terms of the transaction were not disclosed.
“Phoenix is now the fifth-largest municipality in the U.S. and also the fastest-growing big city. With a majority of the Valley’s new industrial product delivering in the outer submarkets such as the Northwest, CapRock Partners is proud to bring CapRock West 202 Logistics to central Phoenix in an ideal infill location close to downtown and along a major transportation corridor,” said Bob O’Neill, senior vice president, acquisitions at CapRock Partners. “CapRock West 202 Logistics will surpass all other large-scale industrial projects within Phoenix’s city limits by more than 1 million square feet.”
CapRock West 202 Logistics’ eight buildings will range from 228,000 to 1,065 million square feet. The project will be developed in two phases. Phase I groundbreaking is planned for November 2021 with completion and delivery anticipated by year-end 2022. This phase will include the first five buildings totaling approximately 2.5 million square feet.
CapRock West 202 Logistics is located within the southeast quadrant of the I-10 Freeway and Loop 202.
Don MacWilliam and Payson MacWilliam of Colliers represented CapRock Partners in the land transaction and will oversee the project’s leasing. CapRock West 202 Logistics’ development partners include CCA Architects and civil engineer Kimley Horn.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.