{"id":1004807819,"date":"2026-08-06T03:25:31","date_gmt":"2026-08-06T11:25:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004807819"},"modified":"2026-08-06T03:25:33","modified_gmt":"2026-08-06T11:25:33","slug":"caprock-partners-pays-38m-for-phoenix-area-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/","title":{"rendered":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a75f3a3c5530&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1800\" height=\"1350\" data-attachment-id=\"1004807823\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/caprock-partners_summit-at-surprise-photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg\" data-orig-size=\"1800,1350\" 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=\"CapRock Partners_Summit at Surprise photo\" data-image-description=\"&lt;p&gt;Image received via e-mail from Nicole Deermount, PR at ND Communications, Inc.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Summit at Surprise is composed of two buildings encompassing 79,200 and 165,647 square feet of industrial space. Image courtesy of CapRock Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg\" alt=\"Exterior shot depicting one of the two buildings that make up the Summit at Surprise, an industrial park in Surprise, Ariz.\" class=\"wp-image-1004807823\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg 1800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Summit at Surprise is composed of two buildings encompassing 79,200 and 165,647 square feet of industrial space. <em>Image courtesy of CapRock Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>CapRock Partners has acquired the 244,847-square-foot Summit at Surprise, a newly delivered industrial campus in Surprise, Ariz. Velocis sold the property for a total of $37.5 million, Yardi Matrix shows. KBC Advisors brokered the deal, while JLL handles the leasing efforts.<\/p>\n\n\n\n<p>The property debuted in 2024, featuring two warehouses spanning 79,200 and 165,647 square feet, respectively. Summit at Surprise was 15 percent leased at closing, with CapRock marketing the park to potential manufacturing and logistics occupiers.<\/p>\n\n\n\n<p>Both properties feature a clear height of 32 feet and a combined total of 67 dock doors and six grade-level entrances, as well as 376 parking spaces. The facilities are divisible to accommodate a multi-tenant layout.<\/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\/cre-trends-at-midyear\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/cre-trends-at-midyear\/\">CRE Trends at Midyear<\/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>Located on nearly 17 acres at 12460 and 12730 N. Dysart Road, Summit at Surprise is in Phoenix\u2019s Northwest submarket, proximate to thoroughfares such as loops 303 and 101, with both running parallel to the property within about 6 miles.<\/p>\n\n\n\n<p>KBC\u2019s Capital Markets team, including Kirk Kuller, Callahan Conway, Bo Mills and Courtney Webb, brokered the acquisition. JLL Executive Managing Director John Lydon and Associate Nicole Marshall are spearheading the leasing efforts at the property.<\/p>\n\n\n\n<p>Since its inception in 2009, CapRock\u2019s national investment and development pipeline has reached more than 35 million square feet of industrial space. In metro Phoenix alone, the company has invested in, developed and managed a collection of roughly 7 million square feet.<\/p>\n\n\n\n<p>Among the firm\u2019s holdings in the market is CapRock West 202 Logistics, a 3.4 million-square-foot park in Phoenix\u2019s West Valley that <a href=\"https:\/\/www.commercialsearch.com\/news\/caprock-wraps-up-3-4-msf-phoenix-campus\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/caprock-wraps-up-3-4-msf-phoenix-campus\/\">came online earlier this year<\/a>. The campus marked the then-largest speculative industrial property across the whole metro.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-investment-is-strong-despite-recent-softening\">Phoenix investment is strong, despite recent softening<\/h2>\n\n\n\n<p>Investors logged nearly $1.9 billion across industrial deals throughout the Valley of the Sun during the first half of 2026, up 6.4 percent annually, according to a <a href=\"https:\/\/www.colliers.com\/en\/research\/phoenix\/26q2-phoenix-industrial-market-report\" data-type=\"link\" data-id=\"https:\/\/www.colliers.com\/en\/research\/phoenix\/26q2-phoenix-industrial-market-report\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">report by Colliers<\/a>. However, the volume softened in the second quarter, with just $877 million in recorded transactions, down 11.5 percent quarterly and 8.3 percent yearly.<\/p>\n\n\n\n<p>While the Southeast submarket ranked first, drawing nearly half of the total activity during the second quarter, the Northwest held its own, landing second, propelled by the acquisition of West Summit at Surprise. Mohr Capital obtained $63.8 million for the asset, which is within walking distance of the property purchased by CapRock.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-northwest-phoenix-s-semiconductor-ecosystem\">Northwest Phoenix&#8217;s semiconductor ecosystem<\/h2>\n\n\n\n<p>The Northwest submarket benefits from strong demand drivers, such as TSMC\u2019s semiconductor manufacturing campus in Peoria, Ariz., which is set to expand even further after the company <a href=\"https:\/\/www.commercialsearch.com\/news\/tsmc-boosts-phoenix-manufacturing-investment-by-100b\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/tsmc-boosts-phoenix-manufacturing-investment-by-100b\/\">increased its commitment<\/a> by $100 billion last month, reaching a record of $265 billion amid unprecedented <a href=\"https:\/\/www.commercialsearch.com\/news\/data-center-expansions-push-the-sector-into-new-territory\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/data-center-expansions-push-the-sector-into-new-territory\/\">data center expansion<\/a>.<\/p>\n\n\n\n<p>In the nearby town of Peoria, Ariz., Amkor is developing an advanced semiconductor packaging and testing property. Also last month, NVIDIA, which is among TSMC\u2019s semiconductor clients, joined forces with Amkor in a $1.5 billion partnership to boost the company\u2019s packaging and testing capabilities and bolster U.S. semiconductor supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two-building property debuted in 2024.<\/p>\n","protected":false},"author":3471,"featured_media":1004807823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1601,15],"tags":[35408,32796,42548,33083],"class_list":["post-1004807819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-caprock-partners","tag-jll","tag-kbc-advisors","tag-velocis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CapRock Partners Pays $38M for Phoenix-Area Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.\" \/>\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\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/\" \/>\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=\"2026-08-06T11:25:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-06T11:25:33+00:00\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/\"},\"author\":{\"name\":\"Claudiu Tiganescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\"},\"headline\":\"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset\",\"datePublished\":\"2026-08-06T11:25:31+00:00\",\"dateModified\":\"2026-08-06T11:25:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/\"},\"wordCount\":494,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/08\\\/CapRock-Partners_Summit-at-Surprise-photo.jpg\",\"keywords\":[\"CapRock Partners\",\"JLL\",\"KBC Advisors\",\"Velocis\"],\"articleSection\":[\"Industrial\",\"Investment\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/\",\"name\":\"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/08\\\/CapRock-Partners_Summit-at-Surprise-photo.jpg\",\"datePublished\":\"2026-08-06T11:25:31+00:00\",\"dateModified\":\"2026-08-06T11:25:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/08\\\/CapRock-Partners_Summit-at-Surprise-photo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/08\\\/CapRock-Partners_Summit-at-Surprise-photo.jpg\",\"width\":1800,\"height\":1350,\"caption\":\"Summit at Surprise is composed of two buildings encompassing 79,200 and 165,647 square feet of industrial space. Image courtesy of CapRock Partners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/06\\\/Claudiu_Tiganescu.jpg?w=54\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/06\\\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/06\\\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/claudiu-tiganescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset - Commercial Property Executive","description":"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/","og_locale":"en_US","og_type":"article","og_title":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset","og_description":"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.","og_url":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-08-06T11:25:31+00:00","article_modified_time":"2026-08-06T11:25:33+00:00","author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/"},"author":{"name":"Claudiu Tiganescu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"headline":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset","datePublished":"2026-08-06T11:25:31+00:00","dateModified":"2026-08-06T11:25:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/"},"wordCount":494,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","keywords":["CapRock Partners","JLL","KBC Advisors","Velocis"],"articleSection":["Industrial","Investment","News","Phoenix","West"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/","name":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","datePublished":"2026-08-06T11:25:31+00:00","dateModified":"2026-08-06T11:25:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"CapRock Partners has acquired Summit at Surprise, an industrial campus in Surprise, Ariz., for $37.5 million from Velocis.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","width":1800,"height":1350,"caption":"Summit at Surprise is composed of two buildings encompassing 79,200 and 165,647 square feet of industrial space. Image courtesy of CapRock Partners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/caprock-partners-pays-38m-for-phoenix-area-industrial-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CapRock Partners Pays $38M for Phoenix-Area Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/08\/CapRock-Partners_Summit-at-Surprise-photo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004807819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004807819"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004807819\/revisions"}],"predecessor-version":[{"id":1004807847,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004807819\/revisions\/1004807847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004807823"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004807819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004807819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004807819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}