SunCap Breaks Ground on AZ Industrial Asset
- May 15, 2018
SunCap Property Group has begun construction on Gilbert Spectrum Building One, a speculative industrial building in Gilbert, Ariz. The property is part of its larger 63-acre Gilbert Spectrum development.
Situated at the corner of Elliot and McQueen Roads, the asset will comprise 134,358 square feet, with divisibility to 15,000 square feet. SDHQ Off Road, a supplier of off-road vehicles, has preleased 21 percent of the building. The property is scheduled for completion in the second quarter of 2019 and will feature 32-foot clear height, ESFR sprinklers and dock high loading. Prior to Building One, SunCap constructed a 60,000-square-foot build-to-suit for Orbital/ATK in the Gilbert Spectrum development last year. Once completed, the project will total 800,000 square feet of office, industrial and technology-related space.
“We believe the Gilbert Spectrum location provides a unique opportunity for businesses to benefit from a 360-degree customer and employee base,” said Mike Orr, senior vice president of Development for SunCap Property Group, in a prepared statement.
Commercial Properties’ John Soldo represented SDHQ in the lease deal. LGE Design Group is serving as the architect for Building One. Lee & Associates’ Chris McClurg and Ken McQueen are serving as the listing agents for the Gilbert Spectrum development. The firm has been busy in the Phoenix area. Last month, a Lee & Associates team represented SimonCRE in the $8.7 million sale of Tuft & Needle headquarters in downtown Phoenix.
Rendering courtesy of SunCap Property Group