SunCap Property Group Begins Work on Gilbert Spectrum Building One
PHOENIX, AZ - SunCap Property Group is moving forward with Gilbert Spectrum Building One, a speculative industrial building in its 63-acre project located at the southwest corner of Elliot and McQueen Roads in Gilbert, Arizona.
Building One fronts McQueen Road and is 134,358 square feet, with divisibility to 15,000 square feet. Twenty-one percent of the building is pre-leased to SDHQ Off Road, a supplier to off-road vehicle enthusiasts.
"Since our inception in 1999, SDHQ Off Road has been a staple of Gilbert business. For the past nineteen years, our goal has always been to build long-lasting relationships with our customers and now we will be exceeding that goal at our new location. The backbone of our company is our continuously growing team of knowledgeable staff that has helped us build a reputation within the motorsports industry as the premier go-to shop," said Ryan Marselis, owner, SDHQ Off Road. He added, "We are eagerly awaiting serving our customers in our new and improved location at Gilbert Spectrum with the help of SunCap Property Group."
John G. Soldo with Commercial Properties represented SDHQ on the lease. LGE Design Group is the architect for Building One. Chris McClurg and Ken McQueen with Lee & Associates | Arizona are listing agents for the Gilbert Spectrum project.
The building is expected to be complete in the second quarter of 2019. Building features include 32' clear height, dock high loading, and ESFR Sprinklers. The zoning for the property is LI (Light Industrial).
Mike Orr, Senior Vice President - Development for SunCap Property Group noted, "We believe the Gilbert Spectrum location provides a unique opportunity for businesses to benefit from a 360-degree customer and employee base. The location, coupled with the business-friendly environment in the Town of Gilbert, provides prospective tenants with access to an educated and diverse workforce and last-mile opportunities unparalleled in the Southeast Valley."
Last year, SunCap delivered a 60,000-square-foot build-to-suit for Orbital/ATK in the Gilbert Spectrum development. A total of 800,000 square feet of state-of-the-art office, industrial and technology-related space is planned on the remaining land with numerous sites available for build-to-suit opportunities.
MoRA Point to include community grocery store, restaurants and shops
CHARLOTTE, N.C. Selywn Property Group and SunCap Property Group are bringing a major re-development to the fast-changing Monroe Road corridor. Site improvements and construction began last week on a 60,000-square-foot commercial center at the confluence of the primary traffic corridors of Monroe Road, Idlewild Road, Long Avenue and Independence Boulevard.
The 13.6 -acre redevelopment will be anchored by a 22,000-square-foot community grocery store and 38,000 square feet of restaurants and other mixed use commercial including a coffee shop, gas station, and service providers. The developers have worked closely with the MoRA neighborhood group over the past year. The community group has been an advocate for the new development which will replace an aged and empty office park and dilapidated retail center at the highly visible and accessible site. The center will be named MoRA Point, a nod to its location at the gateway to the MoRA neighborhood, when approaching from Independence Boulevard.
"We are bringing neighborhood retail back to a fast-changing and underserved area with dense population", said Jensie Teague, Selwyn Property Group Partner spearheading the development. "This site's visibility and access to Monroe, Idlewild, Long and Independence at the newly completed Idlewild interchange, will allow for a new retail node with unique access that does not exist anywhere else along Independence or Monroe"," added Teague.
"It is great to be a part of bringing a transformative development like this to Charlotte," said Senior Vice President, Paxton Hollar. "SunCap is excited about the opportunity to bring our fifth project to Charlotte and to continue to diversify our portfolio into retail."
Selwyn Property Group's Mac Barksdale and Teague are handling leasing for MoRA Point and can be contacted at 704-343-2828.
SunCap Property Group Breaks Ground on Build-to-suit
CHARLOTTE, NC - SunCap Property Group is developing a 215,000-square-foot facility for Tristone Flowtech
USA in Mooresville, NC. The project will be located on 22 acres in the Mooresville Business Park East industrial
campus, fronting Manufacturers Boulevard. The plant will produce engine cooling hose systems, air charge hose
systems and fluid battery cooling systems for the US and Canadian automotive industries.
Sitework is underway and vertical construction will commence this month with project completion scheduled for
November of this year. Yeargin Potter Smith Construction has been named as general contractor. Colliers
International's Spartanburg office represented Tristone in the lease transaction, and Parker Poe served as counsel
and site consultant.
Tristone Flowtech Group is based in Frankfurt, Germany and this will be the company's second manufacturing
facility in North America. Tristone recently opened a new plant in Delicias, Mexico.
"SunCap is excited to be part of the team bringing Tristone Flowtech to the US," said Flint McNaughton, SunCap
CEO and Founding Partner. "The automotive sector is a key economic driver in the Carolinas and we believe both
OEMs and suppliers will continue to view this region as an ideal location for these types of long-term investments."
SunCap has recently been active in the automotive market with last year's delivery of a 230,000-square-foot
manufacturing facility for Magna Seating in Spartanburg, SC.
This is SunCap's fourth industrial project in the Charlotte area since the company's inception in 2009. SunCap
developed two FedEx Ground distribution facilities in Concord's International Business Park and last year
completed a build-to-suit for Atrium Healthcare's Mobile Medicine group.
Tristone development team on site at Mooresville Business Park East
SunCap Property Group and Colony NorthStar Purchase North Las Vegas Site
SunCap Property Group and Colony NorthStar have formed a joint venture and purchased 40 acres in Las Vegas, NV. The site is located at the southeast corner of the intersection of N. Las Vegas Boulevard and N. Lamb Boulevard.
Plans call for development of a Class A light industrial campus to be named SunPoint Crossing. The campus will accommodate 752,838 square feet across three buildings. Planned buildings are divisible to 35,000 square feet. Buildings feature tilt-up concrete construction, 32-foot clear heights, ESFR sprinklers, plentiful dock-height and grade level doors with trailer parking throughout.
Construction is slated to begin in Summer 2018 with delivery of shell buildings in Summer 2019.
This is SunCap's third project in the Las Vegas Valley since the company's inception in 2009. In 2014 SunCap completed a 295,000-square-foot distribution center in Henderson, NV and in 2016 SunCap developed SunPoint Business Center, an industrial facility at 2695 Lamb Boulevard. SunPoint Crossing represents the second interaction between Colony Northstar and SunCap. Colony Northstar purchased SunPoint Business Center in 2017.
"As evidenced by our history of development and investment here, SunCap firmly believes in the strength of the Las Vegas market," said Mike Orr, SunCap Property Group, "We are excited about this partnership with Colony and intend to expand the relationship into other markets."
Jeremy Green and Tyler Ecklund with CBRE's Las Vegas office will be responsible for marketing the development to prospective tenants.
"Supply in this North Las Vegas market is limited with high demand for Class A industrial space," commented Jeremy Green, CBRE First Vice President. "SunPoint Crossing fulfills a recognized need in a submarket that absorbed over 5.7 million square feet in 2017."
Boy Scout Leadership Dinner
SunCap Property Group was pleased to continue its support of the Boy Scout organization by sponsoring the Mecklenburg County Council Leadership Dinner. SunCap CEO and Founding Partner, Flint McNaugton, served as chairman of this year's event. Ed Weisiger, Sr. and Ed Weisiger, Jr. were honored for the contributions they have made to the Charlotte Mecklenburg community.
SunCap Property Group Plans Charleston Speculative Industrial Park
CHARLESTON, SC SunCap Property Group has recently acquired thirty acres on Palmetto Commerce Parkway
in North Charleston, SC. Plans call for development of a Class A industrial campus to be named Palmetto Trade
Center. The campus will accommodate two buildings totaling 375,000 square feet.
Palmetto Trade Center I is scheduled to break ground in May 2018. This building will comprise 141,000 square feet
of Class A space and will be sub-dividable to allow for tenants as small as 20,000 square feet. CBRE's Charleston office will be responsible for leasing the project.
"Due to favorable market fundamentals and continued economic growth, SunCap remains confident in the
Charleston region," said Derek Mathis, SunCap Property Group Senior Vice President. "We are excited to bring
Palmetto Trade Center to market and believe this particular product type is ideally suited to meet increased demand
for shallow-bay space."
This is SunCap's third project in the Charleston area since the company's inception in 2009. SunCap is currently
developing a 255,000-square-foot distribution center off of Palmetto Commerce Parkway in the Ingleside
community and recently co-developed North Pointe Business Campus Building One with WestRock Land and
Development. Other South Carolina projects developed by SunCap include a recently completed 230,000-squarefoot
manufacturing facility for Magna Seating in Moore, SC and a 254,000-square-foot distribution center in
SunCap purchases Forrester Park in Greenville, SC
GREENVILLE, SC - SunCap Property Group announced it has purchased Forrester Park in Greenville, SC. The property is a 236,800-square-foot business distribution and light manufacturing center located at 201 Forrester Drive, near the intersection of Laurens Road / Highway 276 and Forrester Drive. The site is a mile from I-85, adjacent to Millennium Park and the Clemson University International Center for Automotive Research (CU-ICAR).
The park is fully leased. Tenants include: Gexpro Services, Safelite Auto Glass, Woodward, Trust Technologies, and Aerodyne Alloys. Colliers International's Greenville office will be responsible for leasing and management of the buildings.
This is SunCap's third project in the greater Greenville area since the company's inception in 2009. In 2015, SunCap developed a FedEx Ground distribution facility in Spartanburg, and SunCap recently completed an automotive manufacturing facility for Magna Seating, in Moore, SC.
"As evidenced by our history of development and investment here, SunCap firmly believes in the strength of the Greenville-Spartanburg market," said Derek Mathis, SunCap Property Senior Vice President. "We are excited about this latest acquisition and are actively pursuing other opportunities in the Upstate region."
Medical Vehicle Facility Complete
CHARLOTTE, NC - SunCap Property Group is pleased to announce the completion of a new Class A industrial building in Coffey Creek Business Park for Atrium Health (formerly Carolinas Healthcare System). The building was occupied in the fourth quarter of 2017.