The launch has been so successful that locally based RSS Co. has started the permitting process for phase II. "Originally we were not going to develop phase II as quickly, but the success with one pushed us to do phase II faster," Jerry Hillery, an associate director in Phoenix for Cushman & Wakefield of Arizona Inc., tells GlobeSt.com. He and C&W colleagues Bob Lundstedt and Darren Tappen are marketing the project under the Lundstedt Group moniker.

LGE Design Build of Phoenix, Parkside's general contractor, purchased five lots, four of which are under development, and has a pair of build-to-suit projects going up on two other lots. The development plan calls for a $2.3-million, 25,000-sf building for Kuhl's Electric Inc.; a $2-million, 20,000-sf building for Benoist Co. Inc.; a $1.9-million, 20,000-sf speculative office project called Parkside Tech II; a $1.6-million, 13,000-sf building for McDowell Air Corp.; and a $1.2-million, 18,000-sf office project, Deer Valley Commons, which breaks ground in two weeks for the park owner. Ground already has broken on buildings for McDowell and Benoist. Meanwhile, the team is in escrow for a sixth building, a build-to-suit project valued at nearly $3 million.

Randy Stolworthy of RSS purchased 40 acres in June 2003 for $7.5 million from Sterling Capital of Northbrook, IL. The 20-acre phase I has been divvied into 14 lots, ranging from 40,000 sf to 94,870 sf with two lots dedicated to office development. Phase II, totaling 18 acres, has been carved into 12 lots. The two-acre balance is reserved by SunState Builders of Tempe for a 40,000-sf, two-story office building.