Phoenix Industrial Development Leads the US<\/a><\/p>\n\n\n\n
\n\n\n\nThe buildings are at 9303, 9451 and 9595 N. 79th Ave. and feature 32-foot clear height, 50- by 52-foot column spacing, LED lighting, ESFR sprinklers and 190-foot truck courts. The warehouses also include speculative office space with conference rooms, break rooms, open and private offices.<\/p>\n\n\n\n
In addition, the electrical infrastructure of each facility offers tenants the opportunity to double their power capacity from 3,000 to 6,000 amps, supporting such capabilities as roof-mounted solar systems and EV charging stations.<\/p>\n\n\n\n
Caliber is at the southwest corner of 79th and Grand avenues, directly along U.S. Route 60, 2 miles from Loop 101. The location has quick access to the Westgate Entertainment District, State Farm Stadium and Pioneer Community Park, an 83-acre public space with dog parks, an urban lake, public art and more than 10 lighted fields for various sports.<\/p>\n\n\n\n
Desert emptiness<\/h2>\n\n\n\n
The metro Phoenix industrial space market saw 36 buildings totaling 9.6 million square feet delivered in the third quarter, according to a recent report from JLL. The 7 million square feet of this new supply that came onto the market vacant pushed overall vacancy up by 160 basis points quarter-over-quarter.<\/p>\n\n\n\n
\u201cNotably, properties built since 2023 account for nearly 75 percent of total availability, highlighting the rapid transformation of Phoenix\u2019s industrial stock,\u201d JLL reported. \u201cInfill submarkets with older inventory and limited land availability have seen less speculative development and continued to maintain lower vacancy rates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
At full build-out, the property will also include residential and retail spaces.<\/p>\n","protected":false},"author":882,"featured_media":1004738595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1601,15],"tags":[33181,32796],"class_list":["post-1004738587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-phoenix","category-west","tag-greystar","tag-jll"],"acf":[],"yoast_head":"\n
Greystar Lands 1st Industrial Tenant at $500M Phoenix Mixed-Use - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Gateway Classic Cars has signed to become Greystar\u2019s first tenant at the three-building Caliber by Greystar in Peoria, 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\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystar Lands 1st Industrial Tenant at $500M Phoenix Mixed-Use\" \/>\n<meta property=\"og:description\" content=\"Gateway Classic Cars has signed to become Greystar\u2019s first tenant at the three-building Caliber by Greystar in Peoria, Ariz., near Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/\" \/>\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=\"2024-11-25T14:38:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-25T15:37:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Caliber-by-Greystar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/\",\"name\":\"Greystar Lands 1st Industrial Tenant at $500M Phoenix Mixed-Use - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Caliber-by-Greystar.jpg\",\"datePublished\":\"2024-11-25T14:38:15+00:00\",\"dateModified\":\"2024-11-25T15:37:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Gateway Classic Cars has signed to become Greystar\u2019s first tenant at the three-building Caliber by Greystar in Peoria, Ariz., near Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-lands-1st-industrial-tenant-at-phoenix-mixed-use\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Caliber-by-Greystar.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Caliber-by-Greystar.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Caliber by Greystar is the industrial component of an 88-acre mixed-use development. 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<\/a>