2nd Phase of Major Phoenix Project Gets the Green Light

Upon completion, BET Investments’ industrial park will be the largest of its kind in Buckeye, Ariz.

A rendering of Building A of Buckeye I-10 Logistics. Image courtesy of BET Investments

The Buckeye, Ariz., department of Planning & Zoning has given the go-ahead for the construction of a nearly 1.2 million-square-foot Class A industrial building 25 miles to the west of Phoenix.

BET Investments, is developing the project as Building B of Buckeye I-10 Logistics, a planned 145-acre, 2.2 million-square-foot distribution park. Once completed, the three-building industrial development will be the largest of its kind along Interstate 10.

Construction on the recently approved Building B is expected to take place over the next two years. Butler Design Group is serving as the development’s architect, and Layton Construction is providing contracting services. The Philadelphia-based developer broke ground on the park’s 641,000-square-foot first building in April of 2022. That building was delivered at the end of the year, and remains unoccupied. Building C, the property’s planned third phase, will span 448,913 square feet.

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According to reporting from the Phoenix Business Journal, Building B’s approval was narrowly won, with the Planning & Zoning commission voting 4-3 in favor of the development taking place. Objectors cited the facility’s large size, as well as potential impacts on local traffic coming down Verrado Way as downsides, with a large number of semi-trucks going to and from the facility each day, the report states.

At full build-out, Building B will total 1,149,120 square feet, and will be intended primarily for bulk industrial storage and warehousing. The facility will lie within a trade area of 128,000 potential customers, with easy access to nearly 18,000 qualified workers. Situated at the intersections of Interstate 10 and 215th Ave., Building B and the larger park will have quick connections to many local and interstate highways in and around Maricopa County, including Arizona State Routes 85 and 303. The park lies within a two-day drive of large population centers in California, Nevada, New Mexico, Texas, Utah and Colorado.

Buckeye bucks up

Industrial developments of all types around the high-demand Phoenix suburb continue apace, as the area is sought after due to its large roster of corporate users, proximity to up-and coming manufacturing facilities, location in a foreign trade zone and ease of access to major markets in the Western U.S. in comparison to other parts of metro Phoenix. Among BET’s investments in the region, Buckeye I-10 Logistics joins the Mountain View Business Center, a 150-acre master-planned project that will include residential, office, industrial and retail components.

In August, a joint venture between Van Tuyl Cos. and Eisenberg Co. picked up a 225-acre development site for the construction of Buckeye 225, a 3.6 million-square-foot industrial park. In June, Martens Development broke ground on Mission Park, a two-building, 723,508-square foot project that is expected for delivery in 2024.

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