Graycor Delivers Certainly one of Phoenix East Valley’s Largest Industrial Parks at Close to Totally Pre-Leased
MESA, ARIZONA, October 20, 2022 – On behalf of Metro Industrial Properties, main nationwide design-build contractor Graycor Building Firm has delivered the ultimate industrial buildings at Metro East Valley Commerce Heart in Mesa, Arizona. Designated as Phases III and IV, the supply totals 5 buildings and marks the completion of the 11-building, 1.1 million-square-foot Class A industrial challenge – one of many largest grasp deliberate commerce parks in Phoenix’s Southeast Valley.
Phases III and IV had been conceived as speculative developments however obtained leasing commitments for roughly 80 p.c of the leasable area previous to completion of shell development. All however one approximate 13,500-square-foot area within the challenge has now been leased.
“We’re proud to ship these remaining buildings at a time of exponential demand for East Valley industrial area,” stated Metro Industrial Properties Principal Ryan Foley. “Phases three and 4 had been designed to be extraordinarily versatile, which aligns carefully with the demand we skilled in our first two phases at East Valley Commerce Heart and is mirrored within the fast and profitable lease-up of this challenge.”
The newly accomplished Phases III and IV characteristic 5 buildings starting from 58,399 sq. toes to 112,097 sq. toes with as much as 32’ clear top, dock excessive and grade degree loading, and inside floorplans accommodating workplace, warehouse, manufacturing and light-weight industrial makes use of. East Valley Commerce Heart Phases I and II had been accomplished by Graycor in 2016 and 2019 respectively, and whole six buildings and 712,049 sq. toes.
Leases in any respect 11 buildings mirror tenants from a variety of industries together with residential HVAC, motorsports, pharmaceutical packaging and distribution, aerospace and semiconductor manufacturing.
“With East Valley Commerce Heart, Metro Industrial Properties has executed a wonderful job of making a challenge fitted to every thing from warehouse and distribution to superior manufacturing,” stated Rusty Martin, Common Supervisor of Graycor’s Southwest Division. “The situation and facilities of those buildings, and their divisibility, guarantee their long-term success as an incredible match for firms of quite a lot of sizes and specialties.”
“Metro Industrial Properties, Graycor and your entire challenge staff labored completely in a aggressive market to make sure this park was absolutely stabilized with high quality tenants and long-term leases,” stated Lee & Associates Principal Chris McClurg, who together with Lee & Associates Principal Ken McQueen function the challenge’s leasing brokers.
Metro East Valley Commerce Heart presents 1,300 toes of US 60 Superstition Freeway frontage. It’s bordered by Baseline Highway, S. Horne Avenue and Hobson Drive, with direct entry to 2 full-diamond interchanges at Mesa and Stapley drives.
About Metro Industrial Properties Inc.
Metro Industrial Properties is a regional improvement and property administration enterprise, primarily based in Tempe since 1985. Metro develops and manages workplace and industrial actual property each for its personal fairness account, in addition to for private and non-private institutional capital shoppers. Its present improvement portfolio consists of 700,000 sq. toes of latest speculative workplace and industrial improvement, and a industrial property administration portfolio consisting of roughly 6 million sq. toes. For extra details about Metro and its present improvement tasks, go to www.mcpaz.com.
About Graycor Inc.
Graycor Inc. is a frontrunner in managing constructing and interiors development tasks all through North America. In Arizona, Graycor combines greater than 35 years of native subcontractor and companion relationships with the corporate’s greater than 100 years of nationwide expertise within the chilly storage, company, cultural/instructional, meals processing, dwelling and lodging, logistics and distribution, manufacturing and retail markets. The mix maximizes Graycor’s nationwide presence to convey Arizona shoppers optimum service and product supply. For extra data, go to www.graycor.com.
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