The Phoenix office of JLL has earned the leasing assignment for Phase I of Skyway Commons, a fully speculative new Class A industrial project that has broken ground in the northwest Phoenix submarket. Totaling 110,221 square feet, Skyway Commons Phase I is designed to meet burgeoning demand from small to mid-sized general industrial users with divisibility down to 4,689 square feet and as much as 59,258 square feet of contiguous space.
JLL Vice President Riley Gilbert, Managing Director Anthony Lydon and Associate John Lydon serve as the project’s exclusive leasing brokers on behalf of the building owner, Thousand Oaks, California-based property owner Silagi Development and Management.
“Smaller to mid-sized industrial tenants in the northwest Valley have been significantly underserved for years,” said Gilbert. “Skyway Commons adds meaningful inventory options in a location that this type of user wants to be, and with grade-level and dock-level loading amenities that, until now, have not been available for them in Surprise.”
According to JLL, while the northwest Phoenix submarket is the fourth smallest in the Valley, with only 10 million square feet of inventory, there are more than 1.4 million people within a 30-minute drive of the property.
“We’re delighted to welcome another Silagi Development and Management project to Surprise, and our team is looking forward to working with JLL to bring new businesses and jobs to the community,” said City of Surprise Economic Development Director Jeanine Jerkovic.
Skyway Commons is located on the northwest corner of Dysart Road and Rio Glass Solar Road in Surprise, Arizona. Totaling 110,221 square feet, Phase I features grade- and dock-level loading, 24’ clear height, ESFR fire sprinklers, energy-efficient LED lighting and R-30 roof insulation. The project falls under a Planned Unit Development (PUD) zoning, which provides for greater flexibility for a wide range of tenants with commercial business park or industrial-related uses. Additional phases of Skyway Commons will have the capacity to accommodate users up to 140,000 square feet.
Phase I of Skyway Commons is scheduled to complete in January 2018. The general contractor is LGE.