Liberty Property Trust has broken ground simultaneously on two buildings at Liberty Riverside Center, the company’s new industrial park in the heart of the Southwest Phoenix industrial core. When completed in early 2020, the first building, located at 2323 S. 48th Avenue, will offer 123,638 square feet of Class A industrial space, with the second sitting adjacent at 2200 S. 48th Avenue offering 223,917 square feet. Both are set inside the new Loop 202 on a combined 22.5 acres.
“We have already begun to experience a great deal of interest in Liberty Riverside Center,” said Justin LeMaster, vice president of leasing and development for Liberty Property Trust. “There is noticeable demand for industrial leasing opportunities strategically located inside the new 202 Loop where infill land sites of this kind are extremely limited. Liberty Riverside Center also has the additional benefit of being located within the Riverside tax district.”
The building located at 2323 S. 48th Avenue will offer many features including 36’ ceiling height, 38 dock high doors, 54’ x 60’ typical column spacing, 2,000 Amps 277/480v power and have an allotted 124 auto parking stalls. The building located at 2200 S. 48th Avenue will feature 36’ ceiling heights, 41 dock high doors, 48’ x 54’ typical column spacing, 3,600 Amps 277/480v power and 28 trailer parking stalls. Both buildings are designed to achieve LEED® Certification.
“Along with location, the flexibility of this new development is a major draw,” said LeMaster. ”The A-1 property zoning allows for a diverse range of industrial uses and the buildings themselves offer a variety of highly customizable space configurations.”
Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty’s 109 million square foot operating portfolio provides productive work environments for 1,200 tenants.
