Kelly Royle
PHOENIX, AZ – On behalf of Portland-based Schnitzer Properties, JLL announced the start of construction on Palm Valley Commerce Center, a Class A industrial project designed to serve local entrepreneurs and multinational corporations alike in the Phoenix metropolitan area.
Located at Auto Drive and 137th Avenue in the rapidly expanding Phoenix-Goodyear Airport submarket of Goodyear, Arizona, Palm Valley Commerce Center will provide highly divisible, leading-edge space for growing businesses.
Marc Hertzberg
Marc Hertzberg, Executive Managing Director, Riley Gilbert, Senior Managing Director, and Kelly Royle, Vice President, from the Phoenix office of JLL serve as the project’s exclusive leasing brokers.
“Palm Valley Commerce Center offers a highly
attractive location, modern amenities and convenient access to a robust local
workforce – all critical for a tenant’s seamless operational efficiency,” said
Royle.
“Combined with this project’s superior
divisibility, these factors position Palm Valley Commerce Center as a very
symbiotic industrial campus able to successfully support users of all types and
sizes.”
Upon completion, the project will consist of
three buildings totaling 294,840 square feet, offering divisibility ranging
from 125,840 square feet to 4,680 square feet. This makes Palm Valley Commerce
Center one of the most adaptable new industrial developments currently underway
in the region.
“At Schnitzer Properties, we currently have 11
million square feet of industrial projects planned or under construction. We
are excited to add Palm Valley Commerce Center in Goodyear to our portfolio,”
said Jordan Schnitzer, President and CEO, Schnitzer Properties.
Riley Gilbert
Now under construction with delivery expected in Q2 2025, Palm Valley
Commerce Center Building A totals 125,840 square feet with 32’ clear height,
135’ truck court, 31 dock high and six grade level doors in a rear-load configuration,
and 120 auto parking spaces. Building A is divisible to 22,000 square feet.
To expedite move-in, Building A will include
comprehensive make ready improvements including LED lighting, warehouse HVAC,
12 pit levelers and 19 edge of dock levelers. It will also offer four completed
speculative offices ranging from 1,800 square feet to 2,400 square feet.
Future construction at Palm Valley Commerce
Center will include a 57,720-square-foot, front-loading Building B and an
11,280-square-foot, rear-loading Building C.
Building B will offer 22’ clear height, 64’–155’ truck courts, 17 dock high and nine grade
level doors, and 102 auto parking spaces. Building C will offer 30’ clear
height, 140’ truck court, 35 dock high and 11 grade level doors, and 185 auto
parking spaces.
Jordan Schnitzer
Building B will offer divisibility to 4,680
square feet and Building C to 5,720 square feet.
Willmeng Construction is the general contractor
at Palm Valley Commerce Center. VLMK Engineering + Design is the architect.
Palm Valley Commerce Center is located one-half mile from a full diamond interchange at Interstate 10 and Litchfield Road. It sits approximately two miles from the Phoenix-Goodyear Airport, 21 miles from Sky Harbor International Airport. It is a four-and-a-half-hour drive to the Inland Empire and five-and-a-half-hour drive to the ports of Los Angeles and Long Beach.
According to JLL’s Q1 2024 Phoenix Industrial Report, demand continues to push metro Phoenix industrial rent growth, with rents rising 2.4% quarter-over-quarter in a market where nearly 40% of newly delivered product is already pre-committed.
Metro Phoenix recorded 2.9 million square feet of net industrial absorption during Q1 2024, with tenants expected to take occupancy on an additional 4 million square feet of newly leased space in Q2 2024.
For more news, videos and research resources, please visit JLL’s newsroom.
Contact:
Stacey Hershauer
focusAZ
P 480.600.0195
