Trammell Crow Breaks Ground on 1 MSF Project in Phoenix

Cotton Lane Commerce Park will comprise three multi-tenant buildings with divisible space starting from 50,000 square feet. Rendering courtesy of Trammell Crow Co.

Trammell Crow Co. has commenced construction on the first phase of an approximately 1 million-square-foot industrial park in Goodyear, Ariz. Cotton Lane Commerce Park’s first phase will comprise two Class A buildings, totaling 542,873 square feet, with completion scheduled for September 2024.

According to CommercialEdge data, Trammell Crow Co. funded the project with a $10.4 million construction loan, provided by Western Alliance Bank. The development team includes Butler Design Group as architect and Willmeng Construction as general contractor.

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Two rear-load buildings will rise at the Southwest corner of Cotton Lane and Elwood Street. Plans call for 36-foot clear heights, 6,000 amps of power, secured truck courts and roughly 560 vehicle parking spots. Building A will encompass 279,961 square feet, while Building C will total 262,912 square feet. Both are designed to accommodate multiple tenants, with divisible space starting from 50,000 square feet.

Phase two will encompass the 445,701-square-foot Building B, which is set to feature 40-foot clear heights. The developer is currently waiting on city approvals for this building, according to CommercialEdge.

An additional 30-acre, developable site, adjacent to Cotton Lane Commerce Park is available for lease or sale. The property has access to Union Pacific Railroad service. CBRE‘s Executive Vice Presidents Pat Feeney and Dan Calihan, together with Associate Tyler Vowels will market the land.

Megaprojects thrive in Phoenix

Phoenix continued to top the rankings for industrial development, with more than 51 million square feet underway as of August, a recent CommercialEdge report shows.

Several large projects broke ground in recent months, such as Lincoln Property Co.’s Luke Field, in Glendale, Ariz. The $515 million, Class A development is set to encompass 2.4 million square feet of space. Luke Field is expected to come online in late 2024.

Another megaproject is ViaWest Group’s The Base, a 144-acre industrial development in the same area. Developed together with Willmeng Construction, the first phase will comprise seven buildings totaling 1.2 million square feet.