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Phoenix & Southwest  + Phoenix  + Industrial  | 
Caliber by Greystar first element of $500M Peoria development

Greystar Starts Work on $500M Peoria Mixed-Use Project

Greystar Real Estate Partners has started work on Caliber by Greystar, a three-building, Class A industrial park. The business park is the first element to break ground at Peoria Place, a $500 million mixed-use master plan in Peoria.

At build-out, Caliber will total 411,918 square feet of Class A product broken down as a 114,446-square-foot Building A, 122,863-square-foot Building B and 174,609-square-foot Building C, with Buildings A and B offering divisibility to serve a diversity of uses and tenant sizes.

Caliber is located along the US 60, at the southwest corner of 79th and Grand avenues. It is part of the 88-acre Peoria Place, which is slated to include luxury apartments, build-to-rent single family homes, residential over retail, 20 acres of open space and the Caliber light industrial park.

Completion of Caliber is slated for Q2 2024. Greystar’s first residential projects at Peoria Place are expected to break ground this summer, with additional development to follow.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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