VIAWEST GROUP TO BUILD 500K SF OF SPEC INDUSTRIAL ON 29-ACRE GROUND LEASE IN PHOENIX

ViaWest Group announces a 77-year ground lease with Kyrene School District on 28.6 acres in Chandler on which it will develop Converge Logistics Center.

The project will consist of three general industrial buildings totaling approximately 512,710 SF. Designed to be multi-tenanted, the buildings have divisibility to 52,000, 23,500, and 39,800 SF with 28’-32’ clear heights and a combination of dock-high and grade-level doors. Construction is slated to begin Q3 2021 with estimated delivery Q2 2022.

“Delivering newly constructed, interstate fronting, Class A industrial product to the I-10 corridor is something ViaWest is very excited about. Infill development sites are quite scarce in Phoenix and bringing distribution and logistics to a highly desirable location will benefit the surrounding community,” said ViaWest Founding Partner, Steven Schwarz.

Mike Haenel, Andy Markham, and Phil Haenel with Cushman & Wakefield will be handling the marketing and leasing of the project. The development team includes Butler Design Group, Willmeng Construction, and Kimley-Horn.

“The Converge project is exciting for the southeast valley and the overall Phoenix logistics market.  Converge ties the 202 freeway and Interstate 10 together and allows easy access to all parts of the valley.  Direct frontage and visibility on Interstate 10 is unmatched and tenant demand remains extremely robust for well-designed and well-located logistics hubs,” said Markham.

The property borders the I-10 freeway and is 0.4 miles from Chandler Rd / I-10 interchange, 0.8 miles from Ray Rd/I-10 interchange, and 2.4 miles from the 40^th St and Lower-202 interchange, allowing for efficient distribution to all areas of the Valley and easy access for regional distribution.