A joint venture of GID, SunCap Property Group and Graycor Construction Co. has broken ground on three speculative industrial properties at Gilbert Spectrum, a 64-acre industrial park in Gilbert, Ariz.
Located at McQueen and Elliot roads in Phoenix’s Southeast Valley, Buildings 9, 10 and 11 will add an additional 309,547 square feet of space to the project. The buildings will range in size from 66,446 to 142,200 square feet. Lee & Associates Arizona’s Ken McQueen and Chris McClurg are handling leasing for the assets.
Once completed, Gilbert Spectrum will comprise 850,000 square feet of office, industrial and tech-related space. Each property will have the following build-out:
- Building 9: 100,000 square feet, 32-foot clear height, 38 dock high and drive-in doors
- Building 10: 142,200 square feet, 32-foot clear height, 50 dock high and drive-in doors
- Building 11: 66,400 square feet, 28-foot clear height, 25 dock high and drive-in doors
The variety in size and heights provides options for companies looking to relocate or expand into this metro area, said Rusty Martin, operations manager of the Southwest Division of Graycor Construction Co., in prepared remarks.
Additional features include a shared a 190-foot loading court with a large power load and ESFR sprinklers. The industrial park is situated in close proximity to Interstate 10, the Loop 101 and U.S. 60. Downtown Phoenix is 25 minutes from the site. Sky Harbor Airport and Phoenix-Mesa Gateway Airport are both 20 minutes away.
Completion of the three buildings is scheduled for May 2022. Balmer Architectural Group was tapped as project architect. Gilbert Spectrum also has two pads available for build-to-suit development.
In January, SunCap sold the first building developed at Gilbert Spectrum, to GID, beginning the partnership of this project. The 135,745-square-foot property was purchased for $23.2 million.