Sunday, April 28, 2019

Graycor begins construction at next Gilbert Spectrum building in Gilbert, AZ

Rendering of planned Gilbert Spectrum Building One, Gilbert, AZ

PHOENIX, AZ – On behalf of SunCap Property Group, Graycor Construction Company has started construction on a new, 135,745-square-foot flex industrial building at the Gilbert Spectrum industrial project.

The building kicks off development in the southern portion of the 63-acre project, which is situated at the southwest corner of Elliot and McQueen roads in Gilbert, Arizona.

Todd Ostransky
The building, known as Building One, is one of five new buildings – totaling more than 435,000 square feet – that SunCap will initiate at Gilbert Spectrum as the market demands.

At build-out, Gilbert Spectrum will include more than 800,000 square feet in eight to ten buildings that range in size from 60,000 to 200,000 square feet and include office and flex industrial build-to-suit opportunities.

“Gilbert is experiencing significant demand for industrial space, particularly among small and mid-size users wanting to be near major transportation corridors and to capitalize on this area’s skilled employment pool,” said Todd Ostransky, Graycor Construction Company Vice President of the Southwest Division.

 “Building One is already partially pre-leased to SDHQ Off Road, which underscores that demand. As SunCap continues to build at this site, they will be able to monitor market demand and adjust the mix of office and flex industrial product at Gilbert Spectrum to meet those needs – something that SunCap does very well.”

Mike Orr
“We believe the Gilbert Spectrum location provides a unique opportunity for businesses to benefit from a 360-degree customer and employee base,” said SunCap Property Group Senior Vice President – Development Mike Orr.

 “The location, coupled with the business-friendly environment in the Town of Gilbert, provides prospective tenants with access to an educated and diverse workforce and last-mile opportunities unparalleled in the Southeast Valley.”

Building One fronts McQueen Road and features a 32 foot clear height, 40 dock high and four grade level loading doors, and ESFR sprinklers. 

Off-road vehicle supplier SDHQ Off Road is leasing 28,000 square feet in the building, with the additional space being developed on a speculative basis, divisible down to 15,000 square feet. Building One is scheduled to complete in late July.

Chris McClurg
Gilbert Spectrum is already home to a 58,289-square-foot build-to-suit “Satellite Engineering Building” for Northrop Grumman Innovation Systems (formerly Orbital/ATK).

Built by Graycor in 2017, the one-story, Class A office building mixes open collaborative areas, task-specific work zones and a state-of the-art Sensitive Compartment Information Facility (SCIF) approved for highly classified activity.

Chris McClurg and Ken McQueen of Lee & Associates are the exclusive listing agents for Gilbert Spectrum.

Graycor represents 98 years of building experience and employs more than 1,500 construction experts.

Ken McQueen
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 98 years of national experience in the cold storage, corporate, cultural/educational, food processing, 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.

Stacey Hershauer

Pollack Shores Unveils Plans for New Apartment Community in Southwest Charlotte, NC

Steven Shores
ATLANTA, GA – Multifamily developer and investment firm Pollack Shores Real Estate Group announced it has closed on the land purchase for a 350-unit apartment community near Charlotte Premium Outlets in Charlotte, North Carolina.

Located near Dixie River Road and Shopton Road, the project will break ground in May and expand Pollack Shores’ footprint in metro Charlotte to more than 1,200 units after the firm entered the market less than five years ago.

 The new community reflects the firm’s strategy to bolster its presence in growing suburban markets throughout the Sun Belt.

Situated within the fast-growing Steele Creek submarket, the project will serve the second largest employment base in Mecklenburg County, which includes the area’s largest employer, Charlotte-Douglas International Airport.

Other top employers in the area include Time Warner Cable, Compass Group, Siemens, Frito-Lay and Microsoft. Approximately 80,000 jobs are located within 5 miles of the development.

 “A booming employment market and walkable retail make this the ideal environment for a Class A apartment community,” said Steven Shores, President and CEO of Pollack Shores.

Palmer McArthur
 “Demand for new multifamily product in Steele Creek continues to grow, and we look forward to expanding our footprint in Charlotte as we develop a community that delivers exceptional experiences for residents and builds long-term value for our investment partners.”

The apartment community is within a ten-minute walk of Berewick Town Center and is also close to I-485. In addition, residents will be able to enjoy a variety of high-end retailers and restaurants found at Berewick Town Center, including Harris Teeter, Enrico’s Italian Restaurant, Clean Juice and Turn & Burn Fitness.

“This community is poised to capitalize on the tremendous growth happening in Southwest Charlotte,” said Palmer McArthur, Vice President of Development at Pollack Shores and Charlotte native.

 Rendering of Steele Creek Apartments to be located near Dixie River Road and Shopton Road, Metro Charlotte, NC 4-28-19
“Pollack Shores now has 1,000 units under construction across the Charlotte metro area, and we are excited to bring our latest development to Berewick and Steele Creek.”

For more information about Pollack Shores, please visit
For more information about Matrix Residential, please visit


Nick Banaszak
The Wilbert Group
256-457-5384 (C)