BET Investments has started its first phase of Buckeye I-10 Logistics, which is one of the largest industrial developments in Buckeye’s history.
The 145-acre project, titled Buckeye I-10 Logistics, is the largest industrial complex under development along Buckeye’s I-10 frontage Freeway, just west of Verrado Way. The industrial park will be constructed with over 2.2 million square feet of industrial space. The 641,000 square foot phase I building has already broken ground with completion expected before the end of 2022. Beginning in 3rd quarter of this year BET Investments will build its phase II building consisting of approximately 1,150,000 square feet in size which will be located adjacent to the I-10 freeway. Phase III will be 450,000 square feet and located adjacent to Van Buren.
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“Beginning construction with the largest industrial campus in Buckeye’s history is a statement of confidence in Buckeye’s future,” said Buckeye Mayor Eric Orsborn. “As the fastest growing U.S. city in the nation, Buckeye is at the forefront of meeting the infrastructure and transportation needs of its residents.”
“That’s why BET Investments has invested heavily in Buckeye for the last 15 years” said Scott Moore, Executive Vice President of the Arizona division at BET Investments. “Our industrial complex will support Buckeye and the west valley’s expansion by providing new jobs at a location that is important to the North American supply chain. Product can be transported to consumers in Southern California, Nevada, New Mexico, Denver and Utah all within a day’s drive”.
“Buckeye I-10 Logistics will deliver three Class A logistics buildings to one of the best locations in the Southwest Valley submarket,” said Cushman and Wakefield Vice Chairman Andy Markham, who along with Vice Chairman Mike Haenel represent Buckeye I-10 Logistics and will serve as the project’s leasing brokers.
Markham continued, “With record setting net absorption in 2021 of approximately 27 million square feet, nearly doubling the amount recoded in 2020, the Phoenix industrial sector continues to remain extremely robust. These buildings cater to what current tenants are demanding.”
The project architect for Buckeye I-10 Logistics is Butler Design Group and the general contractor is Layton Construction. Engineering services are provided by Hilgart Wilson Engineering and BET Investments will serve as the project’s property manager.
BET Investments owns, manages, develops and leases warehouses, apartments and shopping centers throughout the United States. The company’s portfolio includes more than 8 million square feet of commercial space and 4,000 apartments. For more information, email Scott Moore at smoore@betinvestments.com or call him at (480) 682-8425.
