Sunday, July 31, 2022

IndiCap Announces Next Major Metro Phoenix Development: Virgin Industrial Park

 

 Kelly Royle

GLENDALE, AZ – Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco.

 

At build-out, the two-phase, 110-acre Class A development will total more than 1.5 million square feet in five buildings.


Jason Kuckler

It will also bring IndiCap’s local industrial development pipeline to more than 14.4 million square feet and over 880 acres.

 

JLL Senior Managing Director Marc Hertzberg, Executive Vice President John Lydon and Associate Kelly Royle are the project’s exclusive leasing brokers.


“The West Valley has experienced tremendous growth, but even with that growth, almost 70 percent of its population still commutes to other parts of Maricopa County for work,” said Hertzberg.

Marc Hertzberg


“Projects like Virgin Industrial Park will help the West Valley’s exceptional manufacturing workforce to find high quality employment closer to home, in what is becoming a world-class industrial hub.”

 

Virgin Industrial Park is located on the northwest corner of Olive and Reems Roads in Glendale, Arizona.

 

The project sits within the nationally recognized Loop 303 industrial corridor and immediately north of Northern Parkway, a 12.5-mile expressway connecting the Loop 303 and US 60, offering a traffic reliever to nearby Interstate 10.


John Lydon

Virgin Industrial Park joins two other major IndiCap developments in metro Phoenix: The 1.6 million-square-foot, 113-acre Eastmark Center of Industry, being developed along the Loop 202 in Mesa with AECOM-Canyon Partners, and the 4.1 million-square-foot, 292-acre The Ranch, being developed in Gilbert with Colmena Group.

 

“We knew that our Phoenix footprint would grow quickly following our market entry earlier this year,” said Jason Kuckler, one of the principals at IndiCap.

 

“We couldn’t be more pleased with the announcement of our first three, very strategically located projects, and are grateful for the support we’ve received from local municipalities.

 

"This kind of collaboration is crucial to ensuring that we’re bringing the best possible buildings, jobs and economic opportunities to our project communities – and to future communities as we continue to grow our presence in the Valley.”

 

Rendering of planned Virgin Industrial Park,
 Glendale, AZ

Virgin Industrial Park will be developed in two phases. Phase I will include three buildings totaling 566,121 square feet, 244,958 square feet and 213,765 square feet. Phase II will include two buildings totaling 297,439 square feet and 235,040 square feet.

 

 CONTACT:

 

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

 

www.jll.com.

indicapinc.com.

 

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