BET Investments has launched its first phase of Buckeye I-10 Logistics, which is one of the largest industrial developments in Buckeye’s history.
The 145-acre project, titled Buckeye I-10 Logistics, is the largest industrial complex being developed along Buckeye’s I-10 frontage freeway, just west of Verrado Way. The industrial park will be built with over 2.2 million square feet of industrial space. The 641,000 square foot Phase I building has already begun and is expected to be completed before the end of 2022. From 3rd quarter of this year, BET Investments will construct its Phase II building of approximately 1,150,000 square feet which will be located adjacent to the I-10 freeway. Phase III will be 450,000 square feet and will be adjacent to Van Buren.
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“Beginning construction on the largest industrial campus in Buckeye’s history is a statement of confidence in Buckeye’s future,” said Buckeye Mayor Eric Orsborn. “As the fastest growing city in the nation, Buckeye is at the forefront of meeting the infrastructure and transportation needs of its residents.”
“That’s why BET Investments has invested heavily in Buckeye over the past 15 years,” said Scott Moore, executive vice president of the Arizona division at BET Investments. “Our industrial complex will support the expansion of Buckeye and the West Valley by creating new jobs at an important location for the North American supply chain. The product can be transported to consumers in Southern California, Nevada, New Mexico, Denver and Utah, all within a day’s drive.”
“Buckeye I-10 Logistics will deliver three Class A logistics buildings to one of the best locations in the Southwest Valley submarket,” said Andy Markham, vice president of Cushman and Wakefield, who along with the Vice President Mike Haenel, represents Buckeye I-10 Logistics and will serve as the project’s leasing brokers.
Markham continued, “With record net absorption in 2021 of approximately 27 million square feet, nearly doubling the amount recoded in 2020, Phoenix’s industrial sector continues to remain extremely robust. These buildings meet the requirements of current tenants.
The project architect for Buckeye I-10 Logistics is Butler Design Group and the general contractor is Layton Construction. Engineering services are provided by Hilgart Wilson Engineering and BET Investments will act as the project’s property manager.
BET Investments owns, manages, develops and leases warehouses, apartments and shopping centers across the United States. The company’s portfolio includes over 8 million square feet of retail space and 4,000 apartments. For more information write to Scott Moore at [email protected] or call him at (480) 682-8425.