Premier, close-in infill site opportunity targets flex industrial users
PHOENIX, July 11, 2018 – Logistics real estate leader Prologis, Inc. has selected Graycor Construction Company as the general contractor for its new Prologis I-17 Logistics Center – Phase I, a Class A flex industrial development that sits on 25 acres of prime infill space within Phoenix’s 7th Street corridor.
When complete, Phase I will total four buildings and 558,712-square-feet, divisible from 25,000- to 211,000-square-feet. The project is located at 2111 - 2145 S. 7th St. in Phoenix, at the highly visible southeast corner of 7th Street and Interstate 17, and with 1,100 feet of I-17 frontage. The site was previously occupied by Ameron, a major concrete cylinder pipe manufacturer.
“Prologis 1-17 Logistics Center will replace 20 outmoded buildings, which were demolished over the last three months, with modern Class A construction and an extremely rare industrial infill site that sits in the heart of the 7th Street corridor,” said Graycor Construction Company Project Executive Rusty Martin. “It is a wonderfully unique project, and we appreciate the trust that Prologis has placed in Graycor to make the development a reality.”
“This development will offer state-of-the-art features to meet the needs of today’s logistics users – e-commerce, freight forwarding and Last TouchTM distributors – who need and value proximity to Phoenix’s prime central submarket,” said Prologis Investment Officer and Managing Director Fritz Wyler. “Prologis is pleased to work with the Graycor team again, having successfully completed a 475,000-square-foot project with them that was leased to Amazon last year.”
Graycor will begin construction at Prologis 1-17 Logistics Center this month, with completion slated for first quarter 2019. When finished, Phase I will total four buildings ranging in size from 82,284- to 211,208-square-feet. Each will offer 32-foot clear height, 52- x 50-foot column spacing, 135- to 210-foot truck courts and the flexibility to accommodate multiple mid-size users. The property is three minutes from downtown Phoenix and seven minutes from Sky Harbor International Airport.
As general contractor, Graycor represents 97 years of building experience and more than 1,500 construction experts across the U.S. Locally, the Graycor legacy extends over more than three decades, with a portfolio that includes landmark industrial projects such as Prologis Park Riverside, Liberty Logistics Center II, Buckeye Logistics Center, FedEx Chandler Sorting and Distribution Center, and Home Depot Distribution Center.