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Phoenix & Southwest  + Phoenix  + Industrial  | 

JV Closes on Industrial Developments in PHX/DFW

CA Industrial, in a joint-venture partnership with DWS, recently closed on industrial developments in Phoenix and Dallas. The Phoenix site will have features suitable for warehousing, distribution, logistics, manufacturing or data center users. The Dallas site will be used for the development of a 200,000-square-foot class-A logistics last-mile delivery location.

“These sites are strategically located within two supply constrained markets that have strong job and population growth,” said Joe Trinkle, Southwest and Mountain market officer for CA Industrial. “As these markets continue to grow, the demand for warehouse and distribution space is soaring. We expect to continue to see an increased demand for industrial space in similar markets across the U.S.”

The Phoenix project, Luke Logistics Center, encompasses 90 acres for the development of four industrial facilities totaling 1.5 million square feet located at the Northwest corner of Loop 303 and Glendale Avenue in Glendale. Phase one is scheduled to break ground in third quarter and all four assets are slated to be completed in fourth quarter 2022.

John Lyndon and Anthony Lyndon of JLL represented CA Industrial in the land acquisition and will be leasing the property.

The Dallas project, named 2700 Avenue K, is expected to start construction in late summer 2021 and scheduled to be completed in the second half of 2022. Luke Davis of Stream Realty Partners represented CA Industrial in the land acquisition and will be leasing the property.

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About Lisa Brown

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.

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