Rockefeller Group Wraps Phoenix-Area Project
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.
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.
Rockefeller Group was excited about the opportunity to develop in Surprise, Noah Goldstein, development associate for Rockefeller Group’s West Region, told Commercial Property Executive.
“We were attracted by its perfect blend of strategic location, business-friendly environment and proximity to TSMC,” he said. “Given the rise in emerging industries calling Surprise home, we saw a chance to contribute to the city’s growth during such a formative time.”
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.
The Phoenix-area market continues to thrive
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.
“We 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.”
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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.
Cooper Fratt and John Werstler of CBRE are marketing the project for lease or sale.
Layton Construction was its general contractor, Ware Malcomb the designer and Rockefeller Group’s civil engineer was Hunter Engineering.
In September, a joint venture of Matan Cos, Mitsubishi Estate New York, Chuo Nittochi and Taisei USA LLC, along with Rockefeller Group, began construction on the first phase of Port 460 Logistics Center in Suffolk, Va. The plan is for it to comprise about 5 million square feet.
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.
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 Rockefeller’s second such project in Southern Jersey. Rockefeller built a 345,600-square-foot warehouse in Mount Holly, N.J.
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