MESA, Arizona – With high demand for quality industrial buildings in the East Valley, EastGroup Properties, Phoenix, announced the groundbreaking of Falcon Field Business Center Tuesday, Nov. 28. The 98,643-square-foot building, located at 3110 N. Greenfield Road, is being constructed by Willmeng Construction and designed by Butler Design Group.

The industrial space is owned and managed by EastGroup Properties, Phoenix, and is expected to be completed by mid-May 2018. The Koss Louer team of Lee & Associates Arizona is responsible for the leasing on behalf of EastGroup.

“This site is desirable because it’s in an infill around major transportation features such as airports and freeways, and also around major employers,” said Mike Sacco, vice president of EastGroup Properties. “Falcon Field Business Center has been designed with sustainable features to provide operating efficiencies and the foundation for a comfortable, green working environment for its future occupants. We have designed this building to attract aerospace, defense, light assembly, distribution and ecommerce businesses.”

Property features include:

• Frontage on Greenfield Road
• Grade-level loading
• Truckwell loading
• 252 parking spaces
• 3000 amps service, 277/480V
• 40′ x 52′ column spacing
• 30′ clear height
• LED warehouse lighting
• Fully sprinklered

Willmeng President and CEO James Murphy said, “Falcon Field is yet another project we are honored to work with EastGroup on delivering. As a state-of the-art business distribution center, the project will draw more quality businesses to a great city with a continued vision for assisting businesses in serving the global economy.”

“The Falcon Field Business Center will be an excellent addition to Mesa’s Falcon District and is well suited for the considerable demand we see for large, quality industrial space,” said City of Mesa Economic Development Director Bill Jabjiniak. “With proximity to 202 Red Mountain Freeway, Falcon Field Airport, and high-tech manufacturers such as Boeing, Orbital ATK, and Nammo Talley, we expect Falcon Field Business Center to be a prime location for advanced manufacturing, logistics, aerospace, and defense companies.”

TUCSON, Arizona — EastGroup Properties of Phoenix purchased 21.76-acres of industrial land at 2850 East Drexel Road in Tucson for $2.844 million ($3 PSF). The property is located southeast of Tucson Blvd and Drexel Road, in the Tucson Airport Commerce Center, near Tucson International Airport.

As owner/developer, EastGroup plans to construct a 300,181-square-foot ground-up, build-to-suit distribution facility for the garage door manufacturer, The Chamberlain Group. Currently located at 6020 S Country Club Road, Chamberlain was interested in expansion and will lease the property from EastGroup. Ground breaking is expected to occur start of Q2, with delivery anticipated towards the end of 2017.

A few of the manufacturing and distributing companies nearby include Intuit, Caid Industries, Pepsi Cola Bottling Company, Modular Mining, Raytheon, Lisa Frank, Britannia, Cobalt Partners, FedEx, and Solar Industries.

Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and landlord in the transaction. Bill Divito and Jesse Blum with CBRE in Tucson represented the seller, Diamond Ventures in the transaction.

Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant, The Chamberlain Group.

For more information, Glaser should be reached at 520.546.2707; Divito is at 520.321.3339 and Blum can be contacted at 520.321.3335.

To learn more, see RED Comp #4436.

[mepr-show rules=”58038″]Closing date: 12/28/2016. Sale price: $2,844,000. Land area reported as 21.76 acres, or 947,866 SF. APNs: 140-26-040A and -041C. Chamberlain Group phone number: 520.792.0511[/mepr-show]

EastGroup Properties has leased 17,400-square-feet of industrial space to Fast Fulfillment LLC’s at East University II, 1002 E. University Drive.

Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of CBRE represented the tenant.

Fast Fulfillment specializes in mail order, retail sales, e-commerce, manufacturing, and supply chain management. The company will take occupancy effective Oct. 1, 2015, making the property 100% leased. It is relocating from 1005 N. 50th St., Suite 120.

“EastGroup’s  building  provided  a  perfect,  central  location  for  Fast  Fulfillment,”  Ms. Orcutt said. “All  parties  worked  efficiently  to  negotiate  and  execute  the  lease  within  a  matter  of  days.”

East University II is part of a three-building project owned and managed by EastGroup Properties.  The 73,080-square-foot business distribution building is centrally located with excellent access to Interstate 17 and Sky Harbor International Airport and features 27-foot clear height ceilings.

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.