{"id":1004669496,"date":"2023-06-27T02:40:38","date_gmt":"2023-06-27T10:40:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004669496"},"modified":"2023-06-27T03:04:37","modified_gmt":"2023-06-27T11:04:37","slug":"martens-breaks-ground-on-phoenix-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/martens-breaks-ground-on-phoenix-area-industrial-park\/","title":{"rendered":"Martens Breaks Ground on Phoenix-Area Industrial Campus"},"content":{"rendered":"<div id=\"attachment_1004669501\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/2023-06-05_Misison-Park_Aerial-View47-e1687783899542.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004669501\" data-attachment-id=\"1004669501\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/martens-breaks-ground-on-phoenix-area-industrial-park\/2023-06-05_misison-park_aerial-view47\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/2023-06-05_Misison-Park_Aerial-View47-e1687783899542.jpg\" data-orig-size=\"2860,2150\" 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=\"2023-06-05_Misison Park_Aerial View[47]\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of Mission Park. Image courtesy of Willmeng Construction&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/2023-06-05_Misison-Park_Aerial-View47-e1687783899542.jpg?w=1024\" class=\"wp-image-1004669501 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/2023-06-05_Misison-Park_Aerial-View47-e1687783899542.jpg?w=300\" alt=\"\" width=\"300\" height=\"226\"><\/a><p id=\"caption-attachment-1004669501\" class=\"wp-caption-text\">Rendering of Mission Park. <em>Image courtesy of Willmeng Construction<\/em><\/p><\/div>\n<p><strong>Martens Development<\/strong> has broken ground on Mission Park, a two-building, 723,508-square-foot industrial project in Buckeye, Ariz. <strong>Ware Malcomb <\/strong>provided architecture services, while <strong>Willmeng Construction<\/strong> serves as general contractor and&nbsp;<strong>Kimley-Horn<\/strong> as civil engineer. Completion is expected in the second quarter of 2024.<\/p>\n<p>The development represents Martens\u2019 entry in Buckeye, an emerging industrial submarket in the Valley, Principal David Martens mentioned in prepared remarks. The firm&#8217;s Greater Phoenix portfolio spans approximately 3 million square feet.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/we-also-need-to-amenitize-industrial-start-with-the-break-room\/\">We Also Need to Amenitize Industrial. Start With the Break Room.<\/a><\/p>\n<hr>\n<p>Mission Park is taking shape on 3.4 acres near Interstate 10. The 196,353-square-foot North Building will feature 32-foot clear heights and 45 dock-high doors, while the 527,155-square-foot South Building will have 40-foot clear heights and 82 dock-high doors. The property will include 60-foot speed bays, ESFR fire sprinklers and a total of 828 auto parking spots.<\/p>\n<p>When delivered, Mission Park will cater to small- to large-scale tenants. <strong>CBRE<\/strong> Senior Vice Presidents John Werstler and Kevin Cosca, together with Executive Vice President Cooper Fratt, are the project&#8217;s appointed leasing brokers.<\/p>\n<p>The development site is some 23 miles west of downtown Phoenix, having direct access to the Loop 303. Phoenix-Goodyear Airport is less than 9 miles southeast.<\/p>\n<h2>Phoenix&#8217;s industrial market, still leading the nation<\/h2>\n<p>At the end of April, The Valley&#8217;s industrial market registered a 3.1 percent vacancy rate, 100 basis points lower than the national average of 4.1 percent, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/east-coast-ports-challenge-west-coast-mainstays\/\">recent CommercialEdge report<\/a>. At the same time, the metro continued to lead the nation in terms of pipeline size relative to total stock, with a whooping 16.3 percent.<\/p>\n<p>One of Phoenix&#8217;s ongoing developments has recently moved forward: Kentwood Ventures received <a href=\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\">$38 million in construction financing<\/a> for the development of a 314,453-square-foot spec industrial project in Casa Grande, Ariz. The facility is slated for completion in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mission Park will come online in the second quarter of 2024.<\/p>\n","protected":false},"author":2991,"featured_media":1004669501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1601,15],"tags":[32789,36286,34936,38731],"class_list":["post-1004669496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-kimley-horn","tag-ware-malcomb","tag-willmeng-construction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Martens Breaks Ground on Phoenix-Area Industrial Campus - 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