Buckeye I-10 Logistics. Image courtesy of BET Investments

BET investments opened Buckeye I-10 Logistics, the largest ongoing industrial campus along Interstate 10 in Buckeye, Arizona. Butler Design Group is the architect of the 145-acre project, while Layton build serves as general contractor.

Initially dubbed Verrado Logistics Center, the 2.2 million square foot development will come online in three phases. The developer has already begun construction of the 641,000 square foot Phase I, which is expected to be completed before the end of the year. Work will begin on Phase II, an approximately 1.2 million square foot building, in the third quarter of 2022. Phase III will cover 450,000 square feet.

Buckeye I-10 Logistics takes shape at the intersection of Interstate 10 and South Verrado Way. At full construction, the distribution campus will include warehouses with 40-foot clear heights, 60-foot speed bays, and 190-foot concrete truck lots. Cushman and Wakefield Vice President Andy Markham and Vice President Mike Haenel will lead the property’s leasing efforts.

The development site is approximately 26 miles west of downtown Phoenix and 10 miles northeast of downtown Buckeye. The location is east of The Howard Hughes Corp’s 37,000 acre site. of a future planned community.

Industrial development in Buckeye

Buckeye is proving to be an ideal location for industrial development, with more companies choosing the Phoenix suburbs to build distribution space or production facilities. The city is in a foreign trade zone and is located near Interstate 10 and several freeways, and many industrial properties in the area are serviced by the Union Pacific Railroad.

Earlier this month, Funko Inc. signed a 958,000 square foot lease in a warehouse located on Miller and Lower Buckeye Roads near the Five Below distribution center. The lifestyle brand will relocate several of its distribution centers from Washington, consolidating their operations into a single main facility in Arizona.

KORE Power plans to build a battery production plant on 214 acres south of Interstate 10. The manufacturer aims to open the 1 million square foot KOREPlex plant by the end of the year .

In terms of planned projects, Missouri-based US Capital Development aims to bring some 2.7 million square feet of industrial space to the area, on a 163-acre site located at the intersection of McDowell and Perryville roads. Called Paloma Vista Logistics Center, the project is still under the control of local authorities.

Greater Phoenix continues to lead the nation in industrial development. According to a recent CommercialEdge report, Metro had more than 36.3 million square feet in progress in February, representing 12.9% of inventory.

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