More warehouse space should gobble up Phoenix land as a local real estate company broke ground on an new industrial development last week. According to a press release, ViaWest Group broke ground …
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More warehouse space should gobble up Phoenix land as a local real estate company broke ground on an new industrial development last week.
According to a press release, ViaWest Group broke ground Jan. 28 on 512,710 square feet of warehouse space on the west side of Interstate 10 and Chandler Boulevard.
ViaWest Group signed a long-term lease with the Kyrene School District — which owns the land in Phoenix, the press release said.
The industrial development will include three buildings where construction is expected to be complete during first-quarter 2023.
The press release said buildings will include “multiple drive-in bay doors, ample dock-high doors, and robust trailer parking,” along with auto parking stalls.
The buildings are designed to be multi-tenanted and can be subdivided into smaller spaces.
“Depending on how long you’ve lived here, we’ve all driven by this site dozens, if not hundreds, if not thousands of times, and I’ve always wondered how we could get our hands on it,” said ViaWest Founding Partner Steven Schwarz in a press release. “It ended up being a case of right place at the right time. There are not sites like this around the Valley anymore. Infill sites along the freeway are extremely rare and we are excited to get it going.”
The announcement of a new industrial development is nothing new in the Valley.
Last month, Sunlit Chemical, a leading semiconductor chemical supplier based in Taiwan, broke ground on a north Phoenix project. North Phoenix land is hot and is being snagged by multiple entities since the March 2021 announcement Taiwan Semiconductor Manufacturing Co. and the city of Phoenix signed a development agreement that looks to bring a $12 billion chip manufacturing center to northwest Phoenix.
Other West Valley cities have seen warehouse boom along the Loop 303 corridor.
In October, Abercrombie & Fitch and GXO Logistics said they planned to have a 715,000-square-foot distribution center at Thomas and Citrus roads in north Goodyear fully operational.
In December, Home Depot was spotted moving product into the Elwood Logistics Center, a 1.3 million-square-foot warehouse near I-10 and Loop 303 in Goodyear.
Dale Rogers, a supply chain expert and professor at the W.P. Carey School of Business, has said the supply chain pinch is changing the way some retailers do business. Now, some companies are locating warehouses closer to consumers and accumulating more inventory so businesses won’t have to rely so much on shipments from other companies.
The latest industrial development should be in high demand. It could house tenants that could be a supplier to TSMC or for Chandler’s Intel Corp. No tenants have been announced as of Feb. 3 for the 28-acre parcel of land.
The press release said the area seen a growing number of new industrial, warehouse and logistics projects in recent years.
Swancey said that Converge Logistics Center will fill a demand for small to midsized tenants, according to a press release.
“The demand for industrial space is at historically high levels,” said Swancey. “We’re excited to bring product to the market that’s either going to serve an existing user that needs to expand, or hopefully, a new tenant that is looking to make Phoenix their home.”
Note: Jason W. Brooks contributed to this story.
Brent Ruffner Lead News Reporter | Daily Independent @AzNewsmedia
Journalism has fascinated Brent Ruffner since junior high school.
Since 2001, his stories have been published in newspapers from the Albuquerque to the Arizona and he has always had a knack for making sure his facts are right and his words are to the point.
Growing up, Brent watched as sports reporters covered his beloved Phoenix Suns, a team he followed since Charles Barkley first arrived in Phoenix via trade in 1992. Sports reporting was a dream back then.
But after gaining some writing experience, Brent found a love for news instead of covering different types of sports. In 2008, he moved to New Mexico and covered crime, schools and city beats all while holding elected officials accountable.
He covered stories that ranged from a DEA drug bust gone bad to an award-winning story on school lunches.
In Arizona, Brent was a freelance writer who covered everything from the importance of citrus in the state to Esteban owning a store in downtown Prescott.
Brent is a 2007 graduate of the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.
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