JLL granted leasing assignment for new 311,840-square-foot project
PHOENIX (Jan. 8, 2018) – Dallas-based Jackson-Shaw and Las Vegas-based LaPour Partners Inc. have completed construction of Parc Pinnacle, a 311,840-square-foot, three-building speculative industrial development in Deer Valley, Arizona.
“We have a nearly 20-year history of creating and offering exceptional industrial developments in Deer Valley, and Parc Pinnacle is another great example of this practice,” said Jeff LaPour, President of LaPour Partners.
The A-1 zoned Parc Pinnacle offers more than 311,000 square feet, broken down into a 70,400-square-foot Building 1, 155,040-square-foot building 2 and 86,400-square-foot Building 3. Each building features modern, flexible industrial space designed for manufacturing, distribution, assembly and related industrial uses. This includes up to 32-foot clear height ceilings, dock-high and grade-level loading, ESFR sprinkler system, 180-foot truck court depth and tenant identity that is visible from Pinnacle Peak Road.
JLL’s Phoenix office will manage the leasing assignment for the development. Executive Vice Presidents Pat Harlan and Steve Sayre, and Vice President Kyle Westfall are serving as the project’s exclusive brokers.
“Parc Pinnacle is a significant development that will meet the ever-growing demand for Class-A, industrial space in North Phoenix,” said Harlan. “Future tenants will appreciate the flexibility and functionality of the facilities and the convenience of being just minutes from the interstate, major freeways, and two airports.”
Situated on 20 acres at the northwest corner of Pinnacle Peak Road and Central Avenue – in the heart of the Deer Valley submarket, close to Loop 101, Interstate 17 and State Route 51 – the development is also one mile from Phoenix Deer Valley Airport, 20 minutes of Sky Harbor International Airport, and surrounded by more than 1.7 million square feet of retail and restaurant amenities.
Parc Pinnacle is one of Jackson-Shaw and LaPour’s newest ventures in a longstanding successful history in this sub-market. Over the past 15 years, the two companies have developed over 900,000 square feet of space in seven buildings, and have bought, sold and developed parcels of vacant land consisting of more than 300 acres in Deer Valley. Additional developments include the 177,700-square-foot, three building Parc 17 industrial project, located in the Sky Harbor Airport submarket. To date, Jackson-Shaw has completed more than 500,000-square-feet in the Phoenix area.
LaPour also completed Pinnacle Park Business Center I and II, which totals seven buildings and 283,544 square feet of industrial space in the Deer Valley submarket, and the Camelback Collective, a mixed-use project on Camelback Road between 28th and 29th streets which includes 120,000 square feet of modern, Class-A office space, a 160-room AC by Marriot hotel and surface and subterranean parking.