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| Kelly Royle |
SURPRISE, AZ – JLL has secured a full-building pre-lease for Blue Cactus
Logistics, a new 258,000-square-foot, Class A industrial development in
Surprise, Arizona. TriColor Auto Group, an online auto sales and financing
company, has committed to the project, bringing up to 500 new jobs to the area.
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Matthew Roth
|
Situated at the northwest corner of Cactus Road and
Summit Way, Blue Cactus Logistics is the first Arizona industrial
project by national developer BlueScope Properties
Group.
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| Blue Cactus Logistics Center, Sunrise, AZ |
The build-to-suit
project will be fully occupied by TriColor, which purchases, inspects, repairs,
finances and sells a wide range of automobiles.
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John Lydon
|
“We’ve had our eye on the Arizona industrial market
since prior to the pandemic and have worked closely with JLL to stay updated on
land opportunities,” said Matthew Roth, President, BlueScope Properties
Group.
“When the chance came to engage in this site
we jumped on it, capitalizing on our position as a self-funded company to meet
tight due diligence timing and enter the Arizona market.
"We’re thrilled to
announce the commitment by TriColor and the hundreds of new jobs they will
bring to Surprise.”
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| Anthony Lydon |
Scheduled for completion in mid-2024, Blue Cactus
Logistics will feature a 32-foot clear height, 60’ speed bay, 26 dock doors,
3,000 amps of power and up to 1,000 stacked parking spaces. Interiors feature
ESFR sprinklers, LED lighting and an abundant use of clerestory windows.
Blue Cactus Logistics will serve as TriColor’s third
Arizona location. Its Phase 1 presence at the project will include
approximately 200 employees. At full ramp up, TriColor expects the site to
employ up to 500.
John Lydon, Kelly Royle and Anthony Lydon from JLL's Phoenix office represented
BlueScope. Andy Thomas of HPI Real Estate represented TriColor.
“BlueScope originally planned Blue Cactus Logistics as
fully speculative, but interest from TriColor quickly shifted the development
to a build-to-suit,” said John Lydon, Executive Vice President, JLL.
 |
Andy Thomas
|
“The developer’s ability to deliver modern
new industrial space, combined with this site’s ability to accommodate heavy
auto parking, was the perfect combination, especially considering the
high-demand characteristics of the metro Phoenix industrial market.”
According to JLL, metro Phoenix industrial tenants
represented 18.7 million square feet of leasing in 2023.
Based in Missouri, BlueScope Properties Group provides
commercial real estate development throughout North America, with a connection
to a builder network of more than 2,000 contractors who understand local
building codes and market fundamentals.
Fleming Construction is the general contractor for Blue Cactus
Logistics and GH2 is the project’s architect.
Contact:
Stacey Hershauer
Phone: +01
480 600 0195
Email: stacey@focusaz.com
