VanTrust Real Estate, LLC (VanTrust), the NAIOP Arizona 2021 Industrial Owner/Developer of the Year, broke ground on its latest speculative industrial development, VT 202. This infill project will feature two buildings totaling 181,000 SF of Class A industrial space in the high-demand Southwest Phoenix submarket.
“VT 202 is truly a rare opportunity in the current industrial market, especially in Southwest Phoenix,” said VanTrust Director of Development Jenna Borcherding. “We feel that this infill parcel, with great freeway access, is a perfect location for efficient, high quality industrial space. There continues to be incredible demand from small to mid-size users, and VT 202 is ideal for those tenants.”
READ ALSO: A record 36M SF of new industrial space is coming to the Phoenix market
VT 202 is located on 12.1 acres along 59th Avenue, less than a mile from two interchanges on the Loop 202 South Mountain Freeway. Buckeye Road is a half-mile north and Lower Buckeye Rd. is a half-mile south of the parcel. The buildings are designed for flexibility in tenant requirements and can accommodate users seeking 38,000 to 181,000 square feet.
Building A will be 104,687 SF with 32-feet clear heights, 30 dock-high doors and two grade-level doors. It will also have significant freeway visibility and a secured concrete truck court. Building B will be 76,319 SF, with comparable amenities and features.
Work began in late July and VT 202 is expected to be completed in February. The project is designed by Butler Design Group, with Wespac Construction serving as general contractor. Leasing is being handled by Colliers International in Arizona.
The project is just 15 minutes from Sky Harbor Airport and is the latest project added to VanTrust’s impressive portfolio of office, industrial and multifamily developments in Arizona and southern Nevada.