By BEX Staff for AZBEX
Echo Real Estate Capital, Inc. has recently acquired an 11.6-acre land parcel situated at the northwest intersection of Peoria and 132nd avenues in Surprise. This site has received the necessary zoning approvals and is set to break ground on four small-bay industrial buildings, collectively spanning 182,610 square feet.
The project, named Echo Park @ P132, is scheduled for completion by the fourth quarter of 2024. It will feature four state-of-the-art, fully air-conditioned buildings, each boasting 2,500 square feet of speculative office suites, along with secure concrete truck courts. The development team includes Premier Design + Build who are acting as design firm and general contractor.
This marks Echo’s second venture within this submarket, the first being Echo Park 303. When Echo Park @ P132 is finalized, Echo’s metro Phoenix portfolio will encompass nearly 850KSF of Class A industrial space, spread across six distinct buildings. Echo Park 303, comprising two Class A warehouses and distribution facilities in Glendale, is progressing well and is anticipated to complete construction in the near future. (Source)
