SkyPlus Moves Forward With 3.8 MSF Phoenix Project

Rendering of SkyBridge Arizona. Image courtesy of SkyPlus

SkyPlus Developments has started construction on Building 109, a 250,000-square-foot facility at SkyBridge Arizona, a 435-acre master-planned development in Mesa, Ariz. When complete, the mixed-use campus will total 1.3 million square feet of aeronautical and 2.2 million square feet of non-aeronautical space, as well as 270,000 square feet of office and retail space.

Adjacent to Phoenix-Mesa Gateway Airport and close to Arizona State University’s Polytechnic Campus, the massive development, that broke ground in 2019, will also include the first joint U.S. and Mexico inspections and customs processing facility. Graycor Construction Co. is the project’s appointed general contractor, while CBRE is in charge of leasing.

Supporting aeronautical industries

Designed by architecture company ADM Group, Building 109 is the first of two 250,000-square-foot facilities that the developer is planning to break ground on during the first half of 2023. Upon completion, the warehouse will feature 32-foot clear heights, six ground-level doors and 30 dock-high doors, as well as ample parking.

CBRE’s team of Senior Vice Presidents Jackie Orcutt, Pete Wentis and Kevin Cosca, together with Vice President Alex Wentis and Associate Jonathan Teeter, are the appointed leasing brokers. The current construction phase of the SkyBridge development will allow tenants from manufacturing, aerospace, logistics and cargo industries to use the available unified cargo capabilities, Orcutt said in prepared remarks.

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According to a recent CommercialEdge report, Phoenix had 55 million square feet of new industrial space under construction as of December, by far the largest pipeline in the country on a percentage-of-stock basis, that will increase the market’s existing inventory by 18.3 percent.

And 2023 promises to be another good year for The Valley’s industrial market in terms of new notable industrial projects. In January, Thompson Thrift broke ground on a 1 million-square-foot industrial project in Queen Creek, Ariz., and Creation Equity received the Planning Commission’s approval for the development of a 1.4 million-square-foot campus in Gilbert, Ariz.

That same month, GID and SunCap Property Group added 310,000 square feet of space at Gilbert Spectrum, an industrial park also taking shape in Gilbert. Graycor Construction Co. is the general contractor of the 64-acre development.