Becknell Eyes 500,000-SF Industrial BTS Plan

(Read more on the industrial market.)

PHOENIX-A Champaign, IL-based developer has acquired 37 acres to develop up to 500,000 sf of build-to-suit industrial buildings. The Southwest Valley land has cost $8.2 million.

“They liked the location,” explains Gary Anderson, first vice president with locally based Grubb & Ellis/BRE Commercial LLC. “It’s in the Riverside Tax District and it’s near the future 202 loop that’s on track to connect with I-10. It’s a good location for industrial-type users interested in the area.” Becknell Development LLC has bought the land from a local investment group, 59th Ave. & Lower Buckeye LLC.