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| Kelly Royle |
PHOENIX, AZ – Greystar Real Estate Partners has joined with the Phoenix Office of JLL, local project partners and dignitaries to break ground on Caliber by Greystar.
The three-building, Class A industrial park is the first element to break ground at Greystar’s Peoria Place, a $500 million mixed-use master plan designed to revitalize a central historic downtown infill land site in Peoria, Arizona.
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Rendering of Caliber by Greystar, a three-building, Class A industrial park planned for a central historic downtown infill land site in Peoria, AZ |
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JLL Executive Managing Director Tony Lydon, Managing Director John Lydon, Vice President Hagen Hyatt and Associate Kelly Royle are the project’s exclusive leasing brokers. The general contractor is Layton Construction. The project architect is Deutsch Architecture Group.
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| Tony Lydon |
“The office buildouts, in particular, will resonate well with companies looking for speed-to-market options that get them quickly up and running in Phoenix.”
Caliber is
located along the US 60, at the southwest corner of 79th and
Grand avenues. It is part of the 88-acre Peoria Place, which is slated to
include luxury apartments, build-to-rent single family homes, residential over
retail, 20 acres of open space and the Caliber light industrial park.
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| John Lydon |
At build-out, Caliber will total 411,918 square feet of Class A product broken down as a 114,446-square-foot Building A, 122,863-square-foot Building B and 174,609-square-foot Building C, with Buildings A and B offering divisibility to serve a diversity of uses and tenant sizes.
“Peoria is a fast growing, innovative city that is committed to supporting all business through development with a streamlined permitting process and leadership that is not only pro-business but moves at the speed and efficiency of business,” said City of Peoria Vice Mayor Denette Dunn.
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| Hagen Hyatt |
“Greystar is
proud to break ground on Caliber, the Class A industrial component of the
Peoria Place master plan,” said Greystar Managing Director Billy Cundiff.
“Peoria Place is a unique opportunity to
activate Peoria’s downtown with high-quality residential and employment
options.
"The
immediate access to major arterials, an educated workforce and high population
growth has created an ideal location for manufacturing and logistics companies
expanding their operations.
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| Denette Dunn |
"It has been a pleasure working with the City of Peoria, and we look forward to delivering this successful project."
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| Billy Cundiff |
Together, the
park will offer 99 dock doors and six drive-in doors, as well as parking for
554 cars. Each building is also being built with a move-in-ready office
build-out of up to 2,000 square feet.
An enclosed conduit raceway infrastructure at each building will offer tenants at Caliber the opportunity to double their power capacity from 3,000 to 6,000 amps, allowing for expanded capabilities and value-add improvements such as roof-mounted solar systems and EV charging stations.
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| Local project partners and dignitaries break ground on Caliber by Greystar From left: Billy Cundiff (Greystar), Anthony Lydon (JLL), Wil Hogue (Greystar), Vice Mayor Denette Dunn (Peoria), Andrew Geier (Layton Construction), John Parnell (Greystar), Councilmember Bill Patena (Peoria)] |
Caliber is situated directly along the U.S. 60, two miles from Loop 101 and within a 30-minute drive of 3,450 transportation/warehouse and manufacturing firms, and more than 14,180 employees from those sectors. It is also minutes from major retail, dining and entertainment destinations including Westgate and State Farm Stadium.
Completion of
Caliber is slated for Q2 2024. Greystar’s first residential projects at Peoria
Place are expected to break ground this summer, with additional development to
follow.
Contact:
Stacey
Hershauer
Phone: +01 480-600-0195
Email: stacey@focusaz.com
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