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JV Digs Into State's Largest Industrial Spec

PHOENIX-Tratt Properties and KTR Capital begin the second building in the $100-million Riverside--a 1.2-million-sf footprint with 255 dock doors.

By Amy Wolff Sorter | Updated on March 20, 2007

(To read more on the industrial market, click here.)

PHOENIX-A joint venture has broken ground on what is being touted as the largest industrial spec project in the state. The 1.2-million-sf footprint is the second building to rise in the $100-million Riverside Industrial Center, coming out as the first space nears completion.

Developer KT Riverside launched the 100-acre park at 51st Avenue and Buckeye Road with a 377,000-sf building, which will be completed in the second quarter. A national retailer, whose identity is being kept under wraps, has signed a 10-year lease for the building.

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