“The promotion of TEN is focused on high end, pre-leased build-to-suits on behalf of national and international companies,” adds Lydon. “Corporate design/build demand continues to drive the Phoenix industrial market. In fact, we're currently tracking eight to 10 million square feet of employment development that has sustained interest in Arizona for their location solutions.”

Located near the confluence of I-10 and the Loop 101, TEN offers significant building opportunities. The master plan for the shovel-ready freeway site includes retail/commercial services along 83^rd Avenue and modern build-to-suit industrial solutions scalable to 1.5 million square feet. TEN enjoys direct access to the 1.5 million-person West Valley workforce and corporate neighbors including Amazon, Cardinal Health and PetSmart. It also offers Foreign Trade Zone capability, reducing both real and equipment taxes by 72%.

“Phoenix's long-term economic health depends in part on its ability to attract, accommodate and retain industry as part of a balanced and diversified economy,” says Phoenix district 7 councilman Michael Nowakowski. “This assemblage of land, with its high visibility and accessibility, is perfect for attracting new businesses that will be able to operate efficiently and profitably.”

Active in the market since the mid-1970s, one of Pasternack's most recent project is the 450,000-square-foot Living Spaces industrial build-to-suit at 67^th Avenue and I-10.

“TEN will deliver a similar inventory—buildings of 500,000 square feet and up with modern, state-of-the-art amenities,” says Hertzberg. “We are early in Phoenix's industrial rebound, but it is happening. The time is right to bring this site to market.”