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Oblique & Renderings of Airport I-10-1

Airport I-10 announces three national tenant leases

Just as Airport I-10’s 600KSF Phase I approaches completion, Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have announced the signing of three major, national tenant leases that bring one of the largest speculative office projects in Phoenix history to more than 35 percent pre-leased.

The new tenants at Airport I-10 include:

• DLS Worldwide, a major, volume-leveraged third-party logistics provider, leasing 78,843 square feet in Building B for a new headquarters, light manufacturing, assembly and distribution facility.

• DHL, the world’s leading postal and logistics group, leasing 40,529 square feet in Building E for a regional parcel delivery hub.

• Pilot Freight Services, a worldwide provider of transportation and logistics services, leasing 31,824 square feet in Building E for centralized pick-up and delivery service operations.

JLL Executive Vice Presidents Pat Harlan and Steve Sayre, and JLL Associate Kyle Westfall represented Wentworth/Clarion in all three leases. Mike Gordon of Cresa represented DLS. John Werstler, Jerry McCormick and Cooper Fratt of CBRE represented Pilot. Jim Wilson of Cushman & Wakefield represented DHL.

The new leases join with a 63,470-square-foot pre-lease completed by JLL in mid-2014 with Anixter International, Inc., a leading global distributor of enterprise cabling and security solutions, electrical and electronic wire and cable, and OEM supply fasteners and other small parts.

Inclusive of Anixter, this brings JLL’s new lease commitments at Airport I-10 to 215,000 total square feet, leaving the project’s three-building, 600,000-square-foot Phase I at 35 percent leased, before construction is even finalized.

“Modern companies want modern buildings. This is making all types of users more sophisticated about what they look for in an industrial location,” said Harlan. “They are requiring the kind of improved function that you get from features like higher clear heights, better overall building layout and better truck maneuverability. Airport I-10 checks all of these boxes, and because of this is attracting tenants making an overall flight to quality – a trend that is happening across the entire industrial market.”

“Airport I-10 was designed to give modern industrial tenants a home in the heart of Phoenix’s industrial distribution network. We couldn’t be more pleased with the companies that have committed to space here,” said Wentworth Property Company Principal James R. Wentworth. “They are a barometer of the types of businesses that we believe will continue to chose Airport I-10 and build out one of the submarket’s best and last industrial parcels.”

Located at the northwest corner of 24th Street and Rio Salado, Airport I-10 Business Park represents the last large, developable parcel left in the Sky Harbor International Airport submarket. Phase I includes three Class A industrial buildings totalling more than 600,000 square feet (277,954 square feet, 169,109 square feet and 156,000 square feet). This portion of the project is 35 percent pre-leased to Anixter, DHL, DLS and Pilot.

At build out, the 58-acre Airport I-10 property will include five Class A industrial buildings totalling 920,584 square feet, with a modern environment for corporate users and fully equipped with state-of-the-art features such as ESFR sprinkler systems, 30- to 32-foot clear heights, cross-dock loading and 140- to 200-foot truck courts.

Clear Energy Systems

Clear Energy Systems Breaks Ground On New Tempe Site

Clear Energy Systems, a producer of mobile and distributed power generation systems, broke ground today at its new location at Elliot Business Park in Tempe.

The 158,000 SF square foot building at 7825 S. Hardy Dr. will feature 30-foot clear heights, a steel roof structure, energy efficient features and concrete paved truck areas.

Kevin Lange of Cushman & Wakefield of Arizona represented  Clear Energy Systems, and Jerry McCormick of CBRE represented the building owner and developer, Tempe Marketplace Commerce Associates, an affiliate of Transpacific Development Southwest. DL Withers has been selected as the general contractor.

In October, Clear Energy Systems announced it would expand its operations in Arizona, creating 225 quality new jobs, increasing Arizona’s exports globally and investing $10M in the local economy.

“I am pleased that our planned expansion in Tempe is moving forward, and we are one step closer to moving into our new home,” said Tony Carmen, President and CEO of Clear Energy Systems. “We looked at many locations for our new site, and it was the collaborative work and support from Governor Brewer, the Arizona Commerce Authority, GPEC, and the City of Tempe that ultimately sealed the deal for us to bring the Genesis 1000 to Elliot Business Park.”

“Clear Energy’s decision to expand its operations in our State is a true testament to Arizona’s pro-business climate, competitive tax policies and skilled workforce,” said Gov. Jan Brewer. “I would like to thank Clear Energy Systems, the ACA and its partners for helping once again to bring quality jobs and meaningful investment to Arizona’s economy.”

“Tempe has long considered itself to be a great place to do business, and Clear Energy’s decision to expand here reinforces that belief,” said Tempe Mayor Hugh Hallman.

“The ACA worked closely with our economic development partners and the City of Tempe to ensure Clear Energy Systems knew all of the incredible benefits of doing business in Arizona,” said Don Cardon, president and CEO of the Arizona Commerce Authority. “Clear Energy is a global leader in advanced technology, and the product being made in Tempe will likely be exported and provide incredible benefits to millions of people around the world.”

“Clear Energy Systems’ decision to stay in Greater Phoenix is testament to the unique collaborative effort Greater Phoenix has in support of regional economic development,” said Barry Broome, president and CEO of the Greater Phoenix Economic Council. “Clear Energy Systems is exactly the type of innovative company we like to see putting down roots in the region, and the City of Tempe is certainly the right place for them to do so.”

Clear Energy Systems chose the Elliot Business Park location for its enhanced building features including structure to support heavy duty manufacturing equipment and layout compatibility with the company’s production targets.

“Clear Energy Systems is a great addition to the current tenant mix of national companies at Elliot Business Park,” said Vincent Curci of Tempe Marketplace Commerce Associates. “Their new 158,000-square-foot facility and its sister 158,000-square-foot speculative building are the final phase of the park.”

“It can’t be understated how important the Clear Energy Systems and Elliott Business Park construction projects are to the continued growth in construction jobs in Arizona. With the combined vision of developers like Tempe Marketplace Commerce Associates we are putting the Arizona construction trades back to work,” said Dan Withers, president and CEO of D.L. Withers Construction.

The building is expected to open in 1Q 2013.

For more information on Clear Energy Systems, visit Clear Energy Systems’ website at clearenergysystems.com.