{"id":1004647042,"date":"2023-02-22T02:58:44","date_gmt":"2023-02-22T10:58:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004647042"},"modified":"2023-02-22T05:21:35","modified_gmt":"2023-02-22T13:21:35","slug":"creation-plans-phoenix-area-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/creation-plans-phoenix-area-industrial-project\/","title":{"rendered":"Creation Plans Phoenix-Area Industrial Project"},"content":{"rendered":"<div id=\"attachment_1004647044\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004647044\" data-attachment-id=\"1004647044\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/creation-plans-phoenix-area-industrial-project\/scottsdale-thunderbird-renderings-jpg2-620-800\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Scottsdale-Thunderbird-Renderings-JPG2 620 800\" data-image-description=\"&lt;p&gt;A rendering of the completed Thunderbird Commerce Park. Courtesy of Creation&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;A rendering of the completed Thunderbird Commerce Park. Courtesy of Creation&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png?w=800\" class=\"wp-image-1004647044 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Scottsdale-Thunderbird-Renderings-JPG2-620-800.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004647044\" class=\"wp-caption-text\">Thunderbird Commerce Park. Image courtesy of Creation<\/p><\/div>\n<p>Phoenix-based <strong>Creation<\/strong> has acquired 18 acres in Scottsdale, Ariz., with plans to construct a 243,360-square-foot Class A logistics and manufacturing building dubbed Thunderbird Commerce Park.<\/p>\n<p>The developer intends to break ground on the $60 million project later this year, with completion expected in late 2024. <strong>LGE Design Group<\/strong> provided architecture services and <strong>LGE Design Build<\/strong> will serve as general contractor.<\/p>\n<p>The facility will come online within Scottsdale Airpark, a 8.6-square-mile area around the Scottsdale Airport that is home to more than 2,900 businesses.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-to-maintain-winning-streak-in-2023\/\">Industrial Sector to Maintain Winning Streak in 2023<\/a><\/p>\n<hr>\n<p>The development site is east of the southeastern corner of Scottsdale and Thunderbird roads, some 20 miles from downtown Phoenix.&nbsp;When complete, the facility will feature 51 truck doors, a 32-foot clear height ceiling, 130-foot truck court depth, four dual charging pedestals for electric vehicles and 322 car parking spaces.<\/p>\n<p>Grant Kingdon, who was recently promoted to principal of Creation\u2019s Mountain West region, said in a prepared statement that the Scottsdale Airpark submarket is highly supply-constrained and has among the highest rental rates and tightest vacancy levels in the Phoenix metropolitan area. Potential tenants could include companies in the aerospace, electric vehicles, pharmaceutical and <a href=\"https:\/\/www.commercialsearch.com\/news\/can-phoenix-become-americas-semiconductor-capital\/\">semiconductor sectors<\/a>.<\/p>\n<p>Creation&#8217;s development portfolio currently consists of $4.65 billion of projects in Arizona, California, Colorado, New Jersey, New York, Tennessee and Texas. One of these projects is a <a href=\"https:\/\/www.commercialsearch.com\/news\/creation-equity-jv-to-build-1-4-msf-phoenix-industrial-park\/\">1.4 million-square-foot industrial campus<\/a> to take shape in Gilbert, Ariz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction at Thunderbird Commerce Park will start later this year.<\/p>\n","protected":false},"author":3154,"featured_media":1004647044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742,1601,15],"tags":[51891,36656,51892],"class_list":["post-1004647042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-creation","tag-lge-design-build","tag-lge-design-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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