The Phoenix office of JLL has been selected to lease a new, fully speculative industrial park being developed by Barclay Group within Five North, the 320-acre mixed-use commercial core located within Vistancia.

Called Vistancia Commerce Park at Five North, the Barclay Group project will sit at the southeast corner of Westward Skies Drive and Desert Cactus Lane, near Loop 303 and minutes from the $165 billion TSMC campus.

Construction is anticipated to begin in second-quarter 2026, with delivery expected in second-quarter 2027. Butler Design Group is the project’s architect and GM Civil is the project’s civil engineer.

Totaling 239,700 square feet between four flexible building configurations, it will be the first notable speculative industrial development to be constructed in the Peoria submarket, according to a press release. It is tailored to meet a growing wave of advanced manufacturing initiatives, along with mid-size supplier and logistics companies entering the Valley in response to economic catalysts like TSMC, Amkor and others.

"With its strategic location and flexible design, Vistancia Commerce Park at Five North is perfectly positioned for businesses looking to establish or expand their footprint in one of the fastest growing and dynamic regions in the U.S.," said Colby Fincham, executive vice president at Barclay Group in Phoenix.

Buildings at Vistancia Commerce Park are designed to accommodate diverse operational needs. This includes a 43,600-square-foot Building A, 54,500-square-foot Building B, 48,000-square-foot Building C and 93,600-square-foot Building D, with space divisible down to 9,400 square feet.

Features include 28-foot to 32-foot clear height, full HVAC, LED lighting and 3,000 amps of power (expandable) per building, as well as both dock and grade level loading capabilities. The development will enjoy access to more than 1 million residents, including a labor force of almost 580,000, within a 30-minute drive.

Barclay Group has selected JLL Vice Chairman Riley Gilbert, Vice Chairman Marc Hertzberg, Vice President Kelly Royle and Associate Nicole Marshall to lease the project.

“Vistancia Commerce Park at Five North will feed off of Arizona’s advanced manufacturing evolution and the Vistancia corridor itself, which in its own right is emerging as a hub of residential and commercial uses,” said Gilbert. “This is a perfect position for Barclay Group’s new project as positive economic ripple effects continue and as demand for mid-size industrial space remains underserved yet is rapidly growing.”