Surprise, AZ

Industrial New Construction

132nd Avenue & Peoria Avenue | Surprise, AZ

  • Property Type

    Industrial Development – New Construction

  • Size

    182,610 Square Feet

  • Key Tenants

    Spec Development

  • Date Acquired

    August 2023


  • 11.65-acre land parcel located at the northwest corner of 132nd Avenue & Peoria Avenue within the Skyway Business Park in Surprise, Arizona. The property is in the heart of the Northern Parkway Industrial Corridor in the Northwest Valley of the Phoenix-Glendale-Scottsdale MSA.


  • Acquire a fully entitled and zoned development parcel with site and building plans approved.
  • Develop four single-tenant class-A industrial buildings. The proposed structures will range between 42,000 – 45,000 square feet.
  • Over the last decade, the stock of buildings totaling 50,000 square feet or less has only seen a modest 4% growth and these buildings constitute less than 2% of the currently ongoing construction.


  • Construction will be completed by Q2 of 2025