EastGroup to Develop 98 KSF Industrial Facility in Phoenix
- Dec 12, 2017
Willmeng Construction broke ground on Falcon Field Business Center, a 98,643-square-foot industrial business park in Phoenix. The facility will be owned and managed by EastGroup Properties, while the Koss | Louer team of Lee & Associates Arizona will oversee leasing.
Falcon Field Business Center will be built in an infill location at 3110 N. Greenfield Road. The site covers nearly eight acres and is situated just minutes away from Loop 202, which provides easy access to major thoroughfares. Interstate 10 and Loop 101 can be reached in approximately 15 minutes. Falcon Field Airport is within two miles from the property.
The facility is slated for completion in May 2018. Features include:
- Four grade-level loading spaces
- 32 truckwell loading spaces
- 252 parking spaces
- 40- by 52-foot column spacing
- 30-foot clear ceiling height
- LED lighting
Prime industrial market
East Valley has a diverse range of industries operating within the area, including aerospace, defense, light assembly, distribution and e-commerce services. According to Lee & Associates Arizona, approximately 153,184 people live within a five-mile radius, with a median household income of $53,788.
“The site is desirable because it’s in an infill around major transportation features such as airports and freeways, and also around major employers. 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 e-commerce business,” said Mike Sacco, vice president of EastGroup Properties, in a prepared statement.
The company recently started work on an 850,000-square-foot industrial campus in Miami, which is slated for completion in 2018.
Image courtesy of Willmeng Construction