On behalf of Dallas-based Mohr Capital, JLL announced today the completion of West Summit at Surprise, a 707,380-square-foot, Class A industrial development in Surprise, Arizona. The project sits on almost 47 acres with sought-after rail access to metro Phoenix’s rapidly expanding BNSF Railroad network.
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“Many distribution, manufacturing and logistics companies require rail access for their operations, and West Summit Surprise is among the few brand new and immediately available buildings providing that capability,” said Tom Theobald, Senior Vice President – Development, Mohr Capital. “This is a premier development in a prime location, enjoying favorable demographics and an infrastructure certainty that is mission-critical to employers locating or expanding in Arizona. We extend a huge thank you to all those who helped us deliver this project to market.”
Located in the Summit Business Park at the northwest corner of Dysart and Cactus roads, West Summit at Surprise spans two state-of-the-art buildings, including a 453,960-square-foot Building 1 (36’ clear height) and 250,512-square-foot Building 2 (32’ clear height). Each building offers 2,500 square feet of speculative office space, 50’ x 56’ column spacing, 3,000 amps of power, LED lighting, ESFR sprinklers, 60’ speed bays and secured truck courts. Together they provide 157 dock-high and eight grade-level doors, and can accommodate parking for 706 automobiles and 225 trailers. Building A also offers rail capability to the BNSF Railroad.
The project sits less than five minutes from the Loops 101 and 303, and the Northern Parkway, placing it within a 35-minute drive of 1.9 million residents. The project is Foreign Trade Zone capable, offering eligibility for up to a 72.9% reduction in state real and personal property taxes.
Anthony Lydon, Executive Managing Director, John Lydon, Senior Managing Director, and Kelly Royle, Vice President, from the Phoenix office of JLLserve as the exclusive leasing brokers for West Summit at Surprise.
“Surprise is one of the fastest growing cities in the nation, with strong demand from all types of industrial occupiers,” said Royle. “We are fortunate to have Summit at Surprise as speed-to-market opportunity for those prospective tenants, particularly middle-market operators looking for a modernized building and prime infill location with workforce density and quality. It is a very well-located and designed project by the Mohr team.”
According to JLL, metro Phoenix recorded 11.3 million square feet of new leases and lease renewals during the first half of 2024. It is fielding over 50 million square feet of active tenant requirements from a diverse range of industries, showing sustained interest in the market and ongoing demand for industrial space.
In Phoenix, JLL is a market leader employing more than 550 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. In 2023, the Phoenix team completed more than 120 million square feet in lease and sale transactions, with a total transaction volume of more than $1.1 billion, and directed $67 million in project management across 63 projects.
