Graycor Construction has completed three new buildings at the 64-acre Gilbert Spectrum Industrial Park, on behalf of developers GID and SunCap Property Group. The three buildings make up just over 300,000 feet. The buildings have already reached 93 percent occupancy. The 100,000-square-foot Building 9 has been fully leased to multinational aerospace and defense technology company Northrop Grumman. The other buildings are fully leased as well, except 21,000 square feet.

At build-out, the 11-building Gilbert Spectrum industrial park will include up to 850,000 square feet of office, flex industrial and technology-related space. The park is minutes from Interstate 10, the Loop 101 and the U.S. 60, is a short drive to Sky Harbor International Airport and Phoenix-Mesa Gateway Airport, and is within a 30-minute commute of approximately 1 million skilled laborers.

In addition to its existing and under-construction buildings, Gilbert Spectrum has one pad remaining for build-to-suit industrial development. The site is being leased by Ken McQueen and Chris McClurg of Lee & Associates Arizona.