SunCap Property Group Begins Work on Gilbert Spectrum Building OneMay 2018
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 135,745 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. Graycor Construction is handling construction 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.