By Mohr Capital
Mohr Capital has acquired 46.26 acres in one of Arizona’s fastest-growing cities to develop Lot 9 at Summit Business Park, a Class A industrial business park in Surprise.
Summit Business Park will offer a combined space of 704.5KSF of leasable industrial space with 454KSF in Building 1 and 250.5KSF in Building 2. The buildings will be ideal for distribution, manufacturing and logistics companies throughout the southwest with capabilities to serve numerous large urban areas located within a one- or two-day delivery zone.
The project will break ground in August 2022 and is slated for completion in summer 2023. Building 1 will be equipped with 106 dock doors, four grade-level doors, 144 trailer parking spaces, 368 auto parking spaces, and a fully secured 145-truck court with a 36-foot clearance.
The neighboring Building 2 will feature 58 dock doors, four grade-level doors, 81 trailer parking spaces, 338 auto parking spaces and a fully secured 135-truck court under a 32-foot clearance. Total estimated development costs are projected to be $52M.
The business park is located fewer than five minutes from Loop 303, Loop 101 and Northern Parkway. The JLL team of Tony Lydon, John Lydon and Kelly Royal are the leasing agents for the project.