{"id":1004675068,"date":"2023-08-04T01:57:10","date_gmt":"2023-08-04T09:57:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004675068"},"modified":"2023-08-04T04:34:43","modified_gmt":"2023-08-04T12:34:43","slug":"crimson-canyon-eyes-200m-phoenix-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/","title":{"rendered":"Crimson Canyon Eyes $200M Phoenix Industrial Park"},"content":{"rendered":"
\"Rendering<\/a>

Rendering of Northern Parkway Logistics Center, another project where LGE Design Build serves as general contractor. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

Crimson Canyon<\/strong>‘s Rooks Technology Park, a 1.6 million-square-foot industrial project in Buckeye, Ariz., has come one step closer to fruition as the Buckeye City Council recently approved the rezoning request for the 112-acre development site, according to the Phoenix Business Journal<\/em>. Groundbreaking is set for early 2024 and the development will advance over the course of three years.<\/p>\n

Crimson Canyon initially submitted the plans for the $200 million project in late 2022, but voting was postponed. Following the current approval, Rooks Technology Park is moving forward with LGE Design Build<\/strong> serving as general contractor and architect. LGE is involved in several other industrial projects in the Phoenix market, including Chandler Airpark Technology<\/a>, Northern Parkway Logistics Center<\/a> and Thunderbird Commerce Park<\/a>.<\/p>\n

Industrial park near KORE Power’s gigafactory<\/h2>\n

To be developed in three phases in an Opportunity Zone, the industrial park will encompass five buildings ranging between 178,000 square feet and 485,640 square feet, according to CommercialEdge. The campus will take shape at the intersection of West State Route 85 and South Rooks Road, near the Buckeye Municipal Airport. The site has access to downtown Phoenix via Interstate 10.<\/p>\n

The property is near the $1.25 billion gigafactory that KORE Power is developing in Buckeye. The U.S. Department of Energy recently financed the construction<\/a> of the 1.3 million-square-foot battery plant with an $850 million loan.<\/p>\n

Phoenix is still at the forefront of industrial development across the U.S. The metro had more than 58.8 million square feet under construction as of June, representing 16.6 percent of stock, closely followed by Dallas-Fort Worth with 52.7 million square feet, a CommercialEdge report<\/a> shows.\u00a0In addition, the Valley’s planned and prospective projects brought the supply pipeline to a whopping 37.5 percent of stock.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 1.6 million-square-foot project is set to break ground in the first quarter of 2024.<\/p>\n","protected":false},"author":2829,"featured_media":1004657169,"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":[36656],"class_list":["post-1004675068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-lge-design-build"],"acf":[],"yoast_head":"\nCrimson Canyon Eyes $200M Phoenix Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Crimson Canyon received zoning approval for the development of a 1.6 million-square-foot industrial park in Buckeye, Ariz., near Phoenix.\" \/>\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\/crimson-canyon-eyes-200m-phoenix-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crimson Canyon Eyes $200M Phoenix Industrial Park\" \/>\n<meta property=\"og:description\" content=\"Crimson Canyon received zoning approval for the development of a 1.6 million-square-foot industrial park in Buckeye, Ariz., near Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-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=\"2023-08-04T09:57:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T12:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Northern-Parkway-Image-e1681374716292.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1347\" \/>\n\t<meta property=\"og:image:height\" content=\"1008\" \/>\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\/crimson-canyon-eyes-200m-phoenix-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/\",\"name\":\"Crimson Canyon Eyes $200M Phoenix Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Northern-Parkway-Image-e1681374716292.jpg\",\"datePublished\":\"2023-08-04T09:57:10+00:00\",\"dateModified\":\"2023-08-04T12:34:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Crimson Canyon received zoning approval for the development of a 1.6 million-square-foot industrial park in Buckeye, Ariz., near Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crimson-canyon-eyes-200m-phoenix-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Northern-Parkway-Image-e1681374716292.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Northern-Parkway-Image-e1681374716292.jpg\",\"width\":1347,\"height\":1008,\"caption\":\"Rendering of Northern Parkway Logistics Center for which LGE Design Build serves as general contractor. 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