Business park brings 707,000 square feet of space to city
JLL announced the completion of West Summit at Surprise, a 707,380-square-foot, Class A industrial development in Surprise.
Submitted photo
West Summit at Surprise sits on almost 47 acres with rail access to metro Phoenix’s rapidly expanding BNSF Railroad network.
Submitted photo
On behalf of Dallas-based Mohr Capital, JLL announced the completion of West Summit at Surprise, a 707,380-square-foot, Class A industrial development in Surprise.
The project sits on almost 47 acres with rail access to metro Phoenix’s rapidly expanding BNSF Railroad network.
“Many distribution, manufacturing and logistics companies require rail access for their operations, and West Summit Surprise is among the few brand new and immediately available buildings providing that capability,” said Tom Theobald, senior vice president of development for Mohr Capital. “This is a premier development in a prime location, enjoying favorable demographics and an infrastructure certainty that is mission-critical to employers locating or expanding in Arizona.”
You must be a member to read this story.
Join our family of readers starting at $5 for your first month and support local, unbiased journalism.
This is a premier development in a prime location, enjoying favorable demographics and an infrastructure certainty that is mission-critical to employers locating or expanding in Arizona.”
Tom Theobald | Mohr Capital senior vice president of development
On behalf of Dallas-based Mohr Capital, JLL announced the completion of West Summit at Surprise, a 707,380-square-foot, Class A industrial development in Surprise.
The project sits on almost 47 acres with rail access to metro Phoenix’s rapidly expanding BNSF Railroad network.
“Many distribution, manufacturing and logistics companies require rail access for their operations, and West Summit Surprise is among the few brand new and immediately available buildings providing that capability,” said Tom Theobald, senior vice president of development for Mohr Capital. “This is a premier development in a prime location, enjoying favorable demographics and an infrastructure certainty that is mission-critical to employers locating or expanding in Arizona.”
Located in the Summit Business Park at the northwest corner of Dysart and Cactus roads, West Summit at Surprise spans two state-of-the-art buildings, including a 453,960-square-foot Building 1 and 250,512-square-foot Building 2.
Each building offers 2,500 square feet of speculative office space, LED lighting, ESFR sprinklers, 60-foot speed bays and secured truck courts.
Together, they provide 157 dock-high and eight grade-level doors, and can accommodate parking for 706 automobiles and 225 trailers. Building A also offers rail capability to the BNSF Railroad.
The project sits less than five minutes from the Loops 101 and 303, and the Northern Parkway, placing it within a 35-minute drive of 1.9 million residents. The project is Foreign Trade Zone capable, offering eligibility for up to a 72.9% reduction in state real and personal property taxes.
Executive Managing Director Anthony Lydon, Senior Managing Director John Lydon and Vice President Kelly Royle, from the Phoenix office of JLL, serve as the exclusive leasing brokers for West Summit at Surprise.
“Surprise is one of the fastest growing cities in the nation, with strong demand from all types of industrial occupiers,” Royle said. “We are fortunate to have Summit at Surprise as speed-to-market opportunity for those prospective tenants, particularly middle-market operators looking for a modernized building and prime infill location with workforce density and quality. It is a very well-located and designed project by the Mohr team.”
According to JLL, metro Phoenix recorded 11.3 million square feet of new leases and lease renewals during the first half of 2024. It is fielding over 50 million square feet of active tenant requirements from a diverse range of industries, showing sustained interest in the market and ongoing demand for industrial space.
Comments
No comments on this item Please log in to comment by clicking here