Plans are underway for the construction of a 415,000 square-foot speculative distribution center that will go up in an increasingly popular southern Arizona industrial corridor.
The New York-based Rockefeller Group, one of the largest real estate investment firms in the world, has purchased some 25 acres in the city of Surprise to build the project.
The private company acquired those acres for $12 million, envisioning a structure with a 36-foot clear height, 83 dock doors, and 103 truck trailer parking stalls, among other amenities.
The project will also include custom-designed office space.
The Rockefeller Group was founded by John D. Rockefeller, Jr., son of legendary oil magnate John D. Rockefeller. The company looms large in popular culture for developing during the Great Depression the famed 19-story complex known as the Rockefeller Center in New York.
Long known for its large, multi-story projects in New York and New Jersey, the company today is particularly active in the West, spearheading the development of the 200,000 square-foot Paradigm River North, an office development in downtown Denver; and purchasing this month for $8.5 million seven acres of land in north Las Vegas for the construction of two new speculative industrial buildings.
By Garry Boulard
