Owners DPC Companies and Confluent Development Leasing as Fully Speculative
PHOENIX, November 28, 2018 –has completed the redevelopment of a former Sam’s Club warehouse store into HUB 317, a fully speculative, Class A distribution center owned and developed by Colorado-based and . The project marks DPC and Confluent’s first development partnership in the Phoenix industrial market, adding to DPC’s diversified local presence.
HUB 317 is located on 12 acres at 317 S. 48th St. in Phoenix, minutes from the Loop 202 and 143 freeways and Sky Harbor International Airport. The project combines the renovation of a 115,286-square-foot former Sam’s Club building and Go Kart Track location with 109,645 square feet of new tilt-up industrial construction.
“This is what DPC is known for – taking outmoded projects and transforming them to modern-day opportunities for occupancy,” said Todd Ostransky, Graycor Construction Company Vice President of the Southwest Division. “From an inventory standpoint, HUB 317 is a timely example of how to bring dark big box space like a Sam’s Club back into circulation. With demand for large-scale, close-in, Class A Phoenix industrial space at near record highs, the timing couldn’t be better.”
Earlier this year, Sam’s Club announced it would close 50 stores across the U.S. Four of those properties are located in Arizona, including stores in Chandler and Scottsdale.
Now complete, HUB 317 represents almost 225,000 square feet of Class A shell space ready for immediate tenant improvement and move-in. This includes fully modernized and renovated office, warehouse/distribution and mezzanine space with a 24-foot clear height and truckwell and grade-level loading. The building addition features a 32-foot clear height with 25 dock-high loading doors. Collectively HUB 317 includes 290 parking stalls, 3,000 Amps/480 volt power supply and freeway visibility with building and freeway monument signage opportunities.
The project is the first for Confluent in Phoenix. It adds to DPC’s local presence, which currently includes approximately 890,000 square feet of Phoenix office and retail holdings.
The project architect for HUB 317 is Ware Malcomb. Ken McQueen and Chris McClurg with Lee & Associates serve as the project’s exclusive leasing brokers.
Graycor represents 97 years of building experience and employs more than 1,500 construction experts. Locally, the Graycor legacy extends over more than three decades, with a portfolio that includes Prologis Park Riverside, Liberty Logistics Center II, Gilbert Spectrum Business Park, East Valley Commerce Center, Chandler Airport Center, AMC Esplanade Fork and Screen Conversion, Buckeye Logistics Center, JW Marriott Hotels & Resorts Camelback Inn Renovation, Salvation Army Southwest Divisional Headquarters and women’s shelter, FedEx Chandler Sorting and Distribution Center, Home Depot Distribution Center, Mountain Vista Medical Office Building, and Sunrise Assisted Living of Chandler. Tenant improvement and interior deliveries include Davis at Hayden Ferry Lakeside, StitchFix.com, InEight Hard Dollar and Southland Engineering at Papago Buttes, which was named among the Top 10 Offices in Arizona by AZRE Magazine.
About Graycor Construction Company Inc.
Graycor Construction Company Inc. is a leader in managing building construction and interiors projects throughout North America. In Arizona, Graycor combines more than 30 years of local subcontractor and partner relationships with the company’s 97 years of national experience in the corporate, cultural/educational, living and lodging, logistics and distribution, manufacturing and retail markets. The combination maximizes Graycor’s national presence to bring Arizona clients optimal service and product delivery. For more information, visit www.graycor.com.