Mohr Capital Wraps Up Rail-Served Industrial Project
Dallas-based Mohr Capital has completed West Summit at Surprise, a 707,380-square-foot, Class A industrial campus in Surprise, Ariz. JLL handles leasing at the property.
Mohr Capital acquired the 46-acre development site within Summit Business Park in 2022 and broke ground on the two-building project the following year.
Building 1 measures 453,960 square feet and has a 36-foot clear height and access to the BNSF Railway, while the 250,512-square-foot Building 2 has a 32-foot clear height.
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Each facility features 2,500 square feet of speculative office space, 50- by 56-foot column spacing, 3,000 amps of power, LED lighting, ESFR sprinklers, 60-foot speed bays and secured truck courts. Between them, they provide 157 dock-high and eight grade-level doors and can accommodate parking for 706 cars and 225 trailers.
The property is aimed at tenants of about 100,000 up to 453,000 square feet. JLL Executive Managing Director Anthony Lydon, Senior Managing Director John Lydon and Vice President Kelly Royle are West Summit at Surprise’s exclusive leasing brokers.
Located at 13401 W. Sweetwater Ave. and 12600 N. Summit Way, the campus provides direct access to Loop 101, Loop 303 and Northern Parkway. Downtown Phoenix is some 27 miles southeast.
Rail expands
Mohr Capital highlighted the property’s rail access, along the site’s western side, as a key strength.
In June, BNSF Railway announced plans to develop a new master-planned logistics hub in the Phoenix area. The 4,300-acre site in northwest Maricopa County will encompass a 1,770-acre intermodal facility, a 1,420-acre logistics park and a 1,130-acre logistics center providing direct-rail-served sites supporting local industry.
Greater Phoenix had nearly 36.8 million square feet of industrial space in its development pipeline as of August, according to a recent CommercialEdge report. A total of 10.6 million square feet started construction this year, the most of any market in the U.S.
In late June, Mack Real Estate Group nailed down $63 million in funding from Bank OZK and PGIM Real Estate for its 124-acre Mack Innovation Park Scottsdale. The project’s first phase consists of two buildings totaling 305,400 square feet, scheduled for delivery by late 2025.
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