{"id":1004741567,"date":"2024-12-20T03:44:55","date_gmt":"2024-12-20T11:44:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004741567"},"modified":"2024-12-20T07:17:19","modified_gmt":"2024-12-20T15:17:19","slug":"rockefeller-group-wraps-phoenix-area-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-wraps-phoenix-area-project\/","title":{"rendered":"Rockefeller Group Wraps Phoenix-Area Project"},"content":{"rendered":"\n<p>Rockefeller Group has completed the construction of a 418,400 square-foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004741573\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-wraps-phoenix-area-project\/rockefeller-group-surprise-pointe\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg\" 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;1722676857&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=\"Rockefeller Group Surprise Pointe\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rockefeller Group\u2019s newly delivered Surprise Pointe Commerce Center in Surprise, Ariz. Image courtesy of Rockefeller Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg\" alt=\"Rockefeller Group\u2019s newly delivered Surprise Pointe Commerce Center in Surprise, Ariz. \" class=\"wp-image-1004741573\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Rockefeller-Group-Surprise-Pointe.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Rockefeller Group\u2019s newly delivered Surprise Pointe Commerce Center in Surprise, Ariz. <em>Image courtesy of Rockefeller Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>One to four tenants can fit within the Surprise Pointe Commerce Center, which features 80 dock doors, a 190-foot truck yard, a 36-foot clear height, 103 truck trailer parking stalls, 466 auto-parking stalls and custom-designed office space.<\/p>\n\n\n\n<p>Rockefeller Group was excited about the opportunity to develop in Surprise, Noah Goldstein, development associate for Rockefeller Group\u2019s West Region, told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<p>\u201cWe were attracted by its perfect blend of strategic location, business-friendly environment and proximity to TSMC,\u201d he said. \u201cGiven the rise in emerging industries calling Surprise home, we saw a chance to contribute to the city\u2019s growth during such a formative time.\u201d<\/p>\n\n\n\n<p>Rockefeller Group has been active in developing industrial buildings in the Phoenix and Arizona market for decades, including projects in Chandler, Gilbert and Tucson. Further, Rockefeller Group has developed multifamily projects in Goodyear, Gilbert and North Phoenix, with several projects under construction in the Laveen area of Phoenix.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-phoenix-area-market-continues-to-thrive\">The Phoenix-area market continues to thrive<\/h2>\n\n\n\n<p>As for distribution center demand, Goldstein said the past two years have been slower compared to the exciting run-up seen during the COVID-19 era, but the future of Phoenix is as exciting as ever.<\/p>\n\n\n\n<p>\u201cWe expect demand to continue pushing up as the state sees more job, labor and housing growth. Every week, we read about new companies moving their regional or corporate headquarters to the city, and we expect this trend to continue.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-edge-industrial-report-ai\/\">How Automation and AI Shape Industrial Demand<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Interstate 10 and Loop 303 are easily accessible to the site, which is also near U.S. 60, Interstate 17 and Loop 101. Therefore, the facility can also serve Tucson, Las Vegas, all of Texas and Albuquerque, N.M.<\/p>\n\n\n\n<p>Cooper Fratt and John Werstler of CBRE are marketing the project for lease or sale.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"450\" data-attachment-id=\"1004741588\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/noah-goldstein-rockefeller-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller-edited.jpg\" data-orig-size=\"600,450\" 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=\"Noah Goldstein Rockefeller\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller-edited.jpg?w=600\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller-edited.jpg\" alt=\"Noah Goldstein, Development Associate for Rockefeller Group\u2019s West Region\" class=\"wp-image-1004741588\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller-edited.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Noah-Goldstein-Rockefeller-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption class=\"wp-element-caption\">Noah Goldstein, Development Associate for Rockefeller Group\u2019s West Region. <em>Image courtesy of Rockefeller Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Layton Construction was its general contractor, Ware Malcomb the designer and Rockefeller Group\u2019s civil engineer was Hunter Engineering.<\/p>\n\n\n\n<p>In September, a joint venture of Matan Cos, Mitsubishi Estate New York, Chuo Nittochi and Taisei USA LLC, along with Rockefeller Group, <a href=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-jv-breaks-ground-on-5-msf-virginia-campus\/\">began construction<\/a> on the first phase of Port 460 Logistics Center in Suffolk, Va. The plan is for it to comprise about 5 million square feet.<\/p>\n\n\n\n<p>The first phase of the 540-acre campus will consist of 2.4 million square feet across five buildings. The second phase will comprise four facilities totaling 2.6 million square feet.<\/p>\n\n\n\n<p>In May, construction began on the Rockefeller Group Logistics Center at Carneys Point, a two-building, more than 1.1 million-square-foot campus in Carneys Point, N.J. This is <a href=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-breaks-ground-on-1-1-msf-new-jersey-campus\/\">Rockefeller\u2019s second such project<\/a> in Southern Jersey. Rockefeller built a 345,600-square-foot warehouse in Mount Holly, N.J.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market has been a company favorite for decades.<\/p>\n","protected":false},"author":3568,"featured_media":1004741573,"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":[32789,52203,33348,34936],"class_list":["post-1004741567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-layton-construction","tag-the-rockefeller-group","tag-ware-malcomb"],"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>Rockefeller Group Wraps Phoenix-Area Project - 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