PHOENIX—Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, announce the acquisition of a 16-acre land parcel for the development of AZ|60—a new two-building, 225,600-square-foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert's booming industrial sector. The venture will break ground in October with occupancy slated for April 2016.

AZ|60 is located within Fiesta Tech Center on the northeast corner of Desert Lane and Colorado Street, near the intersection of Arizona Avenue and Baseline Road in the Town of Gilbert, Arizona. Located 20 miles from downtown Phoenix, the site offers substantial transportation cost savings to industrial users with its close proximity to U.S. Route 60 just one mile away and the Loop 101 three miles away. The site is also within a three-mile radius to nearly 13 million square feet of retail. Nearby corporate neighbors include Orbital ATK, Textron, Ferguson and Costco.

The development will be comprised of two class A industrial facilities. Building 1 offering 104,900 square feet and Building 2 at 120,700 square feet. When completed, the rear-loaded industrial buildings will accommodate tenants ranging from 18,720 square feet up to approximately 225,000 square feet. State-of-the-art functionality will include 30-foot clear height, grade level and dock-high loading, 180-foot building depths, 52 foot by 60-foot column spacing, ESFR sprinkler systems and 3,000 amps, 277/480 volts per building. Generous on-site parking and truck maneuverability will also be included.