Developers, Investors Plan More Industrial Moves in Phoenix Metro

Article originally posted on Phoenix Business Journal on June 8, 2021

Industrial real estate only became a hotter commodity during the Covid-19 pandemic, and developers and investors have continued to build and buy in Phoenix, hoping to capitalize on the area’s strategic location and available land.

A slew of new industrial developments are planned for the West Valley, which has long held the distinction of the hottest industrial submarket in the Phoenix area.

A St. Louis-based developer, US Capital Development, is planning to begin construction in August on Falcon Park 303, a 600,000-square-foot logistics center.

The facility will be located near Camelback Road and 152nd Avenue, east of Loop 303. Construction is expected to be completed in July of 2022.

The project team for Falcon Park 303 includes general contractor Willmeng Construction, civil engineering firm Hilgart Wilson, architect Gray Design Group Inc., and brokers Andy Markham and Mike Haenel with Cushman & Wakefield.

“With its strong labor pool and excellent infrastructure, Glendale is an ideal location for industrial development, and we’re excited to deliver a building of the high quality USCD is known for nationwide,” Scott Sachtleben, managing principal at USCD, said in a statement.

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