{"id":1004658231,"date":"2023-04-20T04:03:20","date_gmt":"2023-04-20T12:03:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004658231"},"modified":"2023-04-20T04:26:56","modified_gmt":"2023-04-20T12:26:56","slug":"dermody-breaks-ground-on-10-msf-phoenix-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-10-msf-phoenix-industrial-park\/","title":{"rendered":"Dermody Breaks Ground on 10 MSF Phoenix Industrial Park"},"content":{"rendered":"
\"Groundbreaking<\/a>

Groundbreaking ceremony for LogistiCenter at Copperwing. Image courtesy of Dermody Properties<\/em><\/p><\/div>\n

Dermody Properties<\/strong> has broken ground on LogistiCenter at Copperwing, a 961-acre industrial campus in El Mirage, Ariz. Construction began on the project’s first phase, which comprises two logistics facilities totaling 566,602 square feet. Delivery is expected in the spring of 2024.<\/p>\n

One of the largest industrial parks in Arizona’s history, LogistiCenter at Copperwing will feature 10 million square feet of distribution space at full build-out, with individual buildings encompassing up to 1.5 million square feet.<\/p>\n

\n

READ ALSO:<\/strong> Top 5 Emerging Industrial Markets<\/a><\/p>\n

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Dermody acquired the development site<\/a> in December 2021 from John F. Long Family Trust<\/strong>, when the land’s industrial zoning was already in place. In 2022, most of the master-planned industrial project received a Foreign-Trade Zone<\/a> designation. CBRE<\/strong> Executive Vice Presidents Pat Feeney Jr. and Daniel Calahan, alongside Associate Tyler Vowels, are the project’s leasing brokers.<\/p>\n

LogistiCenter’s Phase 1 includes the 282,181-square-foot Building 5 and the 284,421-square-foot Building 6. Upon completion, each facility will feature a 40-foot clear height, 60-foot loading bay, 60 dock doors and two drive-in doors, as well as ESFR fire sprinklers and LED warehouse lighting.<\/p>\n

LogistiCenter at Copperwing is taking shape at the intersection of Northern Parkway Expressway and Dysart Road in the West Valley submarket, some 30 miles from downtown Phoenix. The development site, located between Loop 101 and 303, has recent and under construction infrastructure improvements, including water and sewage service, as well as new roads and electrical power.<\/p>\n

The fastest-growing industrial market in the U.S.<\/h2>\n

Greater Phoenix continues to be the nation’s strongest market for industrial development. The metro had 54.1 million square feet under construction as of February, representing 15.6 percent of stock<\/a>, a CommercialEdge report shows. Nationally, industrial developments accounted for only 3.7 percent of total inventory.<\/p>\n

One of The Valley’s new additions to the pipeline is Goodyear AirPark<\/a>, an industrial campus which will encompass 7 million square feet at full build-out. Lincoln Property Co<\/strong>. kicked off the development in January.<\/p>\n

SkyPlus Developments<\/strong> is also moving forward with its 3.8 million-square-foot master-planned development<\/a> in Mesa, Ariz., as it broke ground on another building at the 435-acre site. The project began in 2019.<\/p>\n

In terms of future projects, LG<\/strong> will make a $5.5 billion investment in the area, to develop a battery manufacturing complex<\/a>. Groundbreaking is expected later this year.<\/p>\n

And, in February, Shopoff Realty Investments<\/strong> announced plans for the development of a $500 million industrial park that will add 4.1 million square feet<\/a> to Phoenix\u2019s industrial inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"

LogistiCenter at Copperwing marks one of the largest developments of its kind in Arizona\u2019s history. <\/p>\n","protected":false},"author":2829,"featured_media":1004658232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742,1601,15],"tags":[32789,36664,51561],"class_list":["post-1004658231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-dermody-properties","tag-foreign-trade-zone"],"acf":[],"yoast_head":"\nDermody Breaks Ground on 10 MSF Phoenix Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Dermody Properties broke ground on LogistiCenter at Copperwing, one of the largest industrial parks in Arizona's history.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-10-msf-phoenix-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dermody Breaks Ground on 10 MSF Phoenix Industrial Park\" \/>\n<meta property=\"og:description\" content=\"Dermody Properties broke ground on LogistiCenter at Copperwing, one of the largest industrial parks in Arizona's history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-10-msf-phoenix-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T12:03:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T12:26:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/LogisitiCenter_at_Copperwing_Groundbreaking__002-e1681984659365.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"534\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-10-msf-phoenix-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-10-msf-phoenix-industrial-park\/\",\"name\":\"Dermody Breaks Ground on 10 MSF Phoenix Industrial Park - 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