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$300M, 3.6M-SF Development Launched in PHX
Irwin G. Pasternack AIA + Associates PC and Pasternack Properties broke ground on TEN Distribution Center, a $300-million industrial park in west Phoenix planned for more than 3.6 million square feet. The first building will encompass 1.1 million square feet and is slated for completion in summer 2018.
The 215-acre site is located on 83rd Avenue near the intersection of Interstate 10 and the Loop 101. TEN Distribution Center 1 will offer ultra-modern, cross-dock industrial space with 40-foot clear height and high volume trailer maneuverability and storage. The development is Foreign Trade Zone capable, which is expected to reduce real property and equipment taxes by as much as 72%.
Irwin Pasternack serves as the property owner, architect and developer. JLL’s Anthony Lydon, Marc Hertzberg and Riley Gilbert are handling the leasing assignment.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development