Dermody — a diversified private equity investment management company focused exclusively on the national logistics real estate sector — will begin construction on Buildings 3 and 4 at LogistiCenter at Copperwing in El Mirage, with delivery estimated for the third quarter of 2027. Building 3 totals 693,760 square feet and Building 4 totals 520,170 square feet. Together, the two buildings total 1,213,930 square feet and are designed to be combined into a single building totaling 1,319,962 square feet. The buildings are located approximately 27 minutes from TSMC’s Phoenix-area campus and within an approved Foreign Trade Zone.
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“LogistiCenter at Copperwing reflects our confidence in the long-term strength of the Phoenix area and the continued demand for state-of-the-art logistics facilities,” said Tim Walsh, Chief Investment Officer at Dermody. “The flexibility to accommodate a range of users, combined with continued investment in infrastructure, positions LogistiCenter at Copperwing to meet our customers’ needs for years to come.”
Buildings 3 and 4 will each feature 42-foot clear heights, the first 42-foot clear height speculative buildings in the Phoenix market. The added height accommodates an additional full pallet level and approximately 17% more cubic racking volume than a comparable 40-foot clear building. Each building will be served by 6,000 amps of power, for a total of 12,000 amps if the two are combined. Building 3 will include 124 dock doors and 274 trailer parking spaces and Building 4 will include 86 and 207, respectively, with ESFR fire protection, LED warehouse lighting, 58-by-60-foot column spacing and 190-foot truck courts in both.
The news of the two new buildings follows Dermody’s full lease-up of Building 6 (284,421 square feet) at LogistiCenter at Copperwing, stabilizing the development’s first phase. Building 6 is a Class A logistics facility developed using sustainable design and construction principles within LogistiCenter at Copperwing, one of Arizona’s largest business parks serving warehousing, distribution, advanced manufacturing and data storage users. It features 36-foot clear heights, 60-foot loading bays, 60 dock-high doors, 292 auto parking spaces and full HVAC throughout.
“We’re pleased to expand our relationship with an existing Dermody customer by leasing Building 6 at LogistiCenter at Copperwing,” said Patrick Gallagher, Southwest Region Partner at Dermody. “This lease reinforces our confidence that the project will continue to attract the most innovative companies as the Phoenix area grows as a hub for semiconductor chip fabrication and advanced manufacturing.”
With Building 6 fully leased, Buildings 3 and 4 will represent the second phase of LogistiCenter at Copperwing, a 961-acre master-planned industrial park with capacity for more than 7 million square feet of distribution space.
