A 126,000 SF industrial building designed for manufacturing and warehousing operations, known as EastGroup @ Chandler Freeways, is set for completion in 4Q 2013 adjacent to the 202 Freeway. Ryan Companies US, Inc. has been selected as general contractor for the project.
“We continue to invest in Arizona as one of our five core states. We believe the Greater Phoenix industrial market has recovered to the point where there are shortages in certain types of industrial properties, justifying a limited amount of speculative construction,” said Bill Petsas, EastGroup Senior Vice President.
“EastGroup @ Chandler Freeways is consistent with our focus on developing high quality business distribution assets, clustered together in land-constrained submarkets, near major transportation features. This building has state-of-the-art features that will appeal to and allow our customers to operate more efficiently.”
EastGroup @ Chandler Freeways expands EastGroup’s presence in Chandler, where the company owns three buildings and an additional 32 acres for development.
“Ryan Companies US is pleased to be building for an excellent owner such as EastGroup. We feel they will be very successful with this project at Chandler Freeways,” said Todd Holzer, Vice President of Development of Ryan Companies US, Inc., Southwest Division.
Located in the Chandler Freeways Business Park, Ryan Companies US, Inc. sold the 10.5-acre site to EastGroup in March of 2012.
Butler Design Group will provide architectural services.