Silagi Development and Management of Thousand Oaks, Calif., a well-known developer in the Arizona market and Lee & Associates, today announced a new spec development at the Skyway Business Park in Surprise named ParkSkyway.
The project will be a 418,000 SF state-of- the-art distribution/manufacturing building with 32’-36’ clear height, 68 cross dock high loading doors, 8 grade level doors, heavy power, ESFR, fire sprinklers and evaporative cooling.
The building is being developed on Dysart between the I-10, Loop 101, SR 60 (Grand Ave.) and is 3 miles from the future Loop 303 freeway giving it access to all major distribution routes. Construction is expected to begin in September and is scheduled for completion in August 2013. It will be one of the largest speculative buildings built in Surprise in the past few years.
Silagi Nationwide is the largest owner of industrial lots in the Skyway Business Park, with all the recent activity and jobs coming to the park, and the shrinking inventory of industrial space in the Valley, felt the time was right to go vertical.
In the past 12 months Skyway Business Park has experienced substantial growth and added tenants such as Rio Glass Solar (160,000 SF with 100 employees), Gestamp Solar Steel (75,000 SF with 100 employees), Intrepid Tool (40,000 SF with 60 employees).
Lee & Associates is working with a number of users to occupy the 418,000 SF development. Silagi is also considering building a number of buildings along Dysart Rd. ranging from 50,000 to 150,000 SF. LGE Design Build was selected as general contractor for both projects.