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| Pat Harlan |
PHOENIX, AZ – Just as Airport I-10’s 600,000-square-foot
Phase I approaches completion, Wentworth Property Company/Clarion Partners and
the Phoenix office of JLL have announced the signing of three major, national
tenant leases that bring one of the largest speculative office projects in
Phoenix history to more than 35 percent pre-leased.
The new tenants at Airport I-10 include:
• DLS Worldwide, a major, volume-leveraged third-party
logistics provider, leasing 78,843 square feet in Building B for a new
headquarters, light manufacturing, assembly and distribution facility.
• DHL, the world’s leading postal and logistics group,
leasing 40,529 square feet in Building E for a regional parcel delivery hub.
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| Steve Sayre |
• Pilot Freight Services, a worldwide provider of
transportation and logistics services, leasing 31,824 square feet in Building E
for centralized pick-up and delivery service operations.
JLL Executive Vice Presidents Pat Harlan and Steve Sayre,
and JLL Associate Kyle Westfall
represented Wentworth/Clarion in all three leases.
Mike Gordon of
Cresa represented DLS. John Werstler,
Jerry McCormick and Cooper Fratt of CBRE represented Pilot. Jim Wilson of Cushman & Wakefield
represented DHL.
The new leases join with a 63,470-square-foot pre-lease
completed by JLL in mid-2014 with Anixter International, Inc., a leading global
distributor of enterprise cabling and security solutions, electrical and
electronic wire and cable, and OEM supply fasteners and other small parts.
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| Kyle Westphall |
Inclusive of Anixter, this brings JLL’s new lease
commitments at Airport I-10 to 215,000 total square feet, leaving the project’s
three-building, 600,000-square-foot Phase I at 35 percent leased, before
construction is even finalized.
“Modern companies want modern buildings. This is making all
types of users more sophisticated about what they look for in an industrial
location,” said Harlan.
“They are requiring the kind of improved function that
you get from features like higher clear heights, better overall building layout
and better truck maneuverability.
"Airport I-10 checks all of these boxes, and
because of this is attracting tenants making an overall flight to quality – a trend
that is happening across the entire industrial market.”
“Airport I-10 was designed to give modern industrial tenants
a home in the heart of Phoenix’s industrial distribution network. We couldn’t
be more pleased with the companies that have committed to space here,” said
Wentworth Property Company Principal James
R. Wentworth.
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| James R. Wentworth |
“They are a barometer of the types of businesses that we
believe will continue to chose Airport I-10 and build out one of the
submarket’s best and last industrial parcels.”
Located at the northwest corner of 24th Street and Rio
Salado, Airport I-10 Business Park represents the last large, developable
parcel left in the Sky Harbor International Airport submarket.
Phase I includes
three Class A industrial buildings totalling more than 600,000 square feet
(277,954 square feet, 169,109 square feet and 156,000 square feet). This
portion of the project is 35 percent pre-leased to Anixter, DHL, DLS and Pilot.
At build out, the 58-acre Airport I-10 property will include
five Class A industrial buildings totalling 920,584 square feet, with a modern
environment for corporate users and fully equipped with state-of-the-art
features such as ESFR sprinkler systems, 30- to 32-foot clear heights,
cross-dock loading and 140- to 200-foot truck courts.
For a complete copy
of the company’s news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195
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