Trammell Crow Company, in partnership with Artis REIT, broke ground on the first phase of the Park Lucero project in Gilbert, AZ.
The industrial park and buildings were designed by Butler Design Group and is being constructed by D.L. Withers Construction, both Phoenix-based companies. Phase I, at build-out, will feature three buildings totaling 210,000 square feet of warehouse/distribution space.
“We saw a need in this market. We brought our vision to the Town, and the Town said ‘absolutely, this is exactly what we need,’” stated Cathy Thuringer, Principal at Trammell Crow Company.
Earlier this year, Catherine Lorbeer, principal planner in Gilbert, noted that the Town did not have an abundance of inventory of flexible warehouse/distribution space. The Park Lucero project answers the market’s demand for this size and type of project and it is projected to generate more than 1,000 jobs.
“Gilbert is honored that Trammell Crow and Artis REIT have decided to invest in the Gilbert community,” said Gilbert Mayor John Lewis. “Their investment of state-of-the-art, LEED certified, Class A industrial space helps Gilbert achieve its goal of attracting, retaining and growing science and technology industries which are supported by our talented and highly-educated workforce.”
Phase I of Park Lucero is moving quickly on an aggressive schedule with anticipated completion in March 2015.