DTZ, a global leader in commercial real estate services, announced today they have begun to market West 80, a ±379,635 square foot, for-lease, speculative development by Wentworth Property Company (“WPC”). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016.
DTZ Executive Managing Directors Andy Markham, SIOR, and Mike Haenel, Senior Vice President Will Strong and Associate Phil Haenel have the leasing assignment for the West Valley project.
“We are seeing steady demand by tenants looking for 70,000 to 150,000 square feet of state-of-the-art, cross-dock distribution facilities,” said Mr. Markham. “West 80’s design and flexibility, with the ability to divide the building among several tenants and three potential office locations, shows WPC is clearly ahead of the market in understanding tenant requirements.”
Arizona has traditionally seen more mid-sized industrial tenants but there are fewer options for new space in that size range in the West Valley.
According to Tim Chester, Managing Director for WPC, “At West 80 we are planning the next generation spec development with all of the state-of-the-art features that tenants want, including 36’ clear height. West 80 will be the only opportunity in Metropolitan Phoenix for a tenant looking for space in the 70,000-380,000 square foot range to find this clear height.”
In addition to the 36’ clear height, plans for West 80 include cross-dock configuration with 112 dock high doors and four ramps to grade level, 60’ speed bays, column spacing 56’ by 57’6”, T-5 warehouse lighting and the ability for HVAC to suit the tenant. Located on ±23 acres, the property has four points of ingress and egress with security gates, including a light at 79th Avenue and Buckeye Road, concrete truck courts and 211 parking spaces.
Mr. Chester added, “With over 2 million square feet of industrial space currently under development, WPC has the opportunity to interact with a considerable amount of current clients and potential tenants. With West 80, we are listening to them and developing the next generation of lasting, institutional product in a tightening submarket that is currently under served to meet the tenant demand.”