Skip Ribbon Commands
Skip to main content

News release

PHOENIX

JLL to lease new Phoenix industrial project: Skyway Commons

Fully speculative Phase I building fills northwest Valley demand from small to mid-sized users


PHOENIX, July 6, 2017 – The Phoenix office of JLL has earned the leasing assignment for Phase I of Skyway Commons, a fully speculative new Class A industrial project that has broken ground in the northwest Phoenix submarket. Totaling 110,221 square feet, Skyway Commons Phase I is designed to meet burgeoning demand from small to mid-sized general industrial users with divisibility down to 4,689 square feet and as much as 59,258 square feet of contiguous space.

JLL Vice President Riley Gilbert, Managing Director Anthony Lydon and Associate John Lydon serve as the project's exclusive leasing brokers on behalf of the building owner, Thousand Oaks, California-based property owner Silagi Development and Management.

"Smaller to mid-sized industrial tenants in the northwest Valley have been significantly underserved for years," said Gilbert. "Skyway Commons adds meaningful inventory options in a location that this type of user wants to be, and with grade-level and dock-level loading amenities that, until now, have not been available for them in Surprise."

According to JLL, while the northwest Phoenix submarket is the fourth smallest in the Valley, with only 10 million square feet of inventory, there are more than 1.4 million people within a 30-minute drive of the property.

"We're delighted to welcome another Silagi Development and Management project to Surprise, and our team is looking forward to working with JLL to bring new businesses and jobs to the community," said City of Surprise Economic Development Director Jeanine Jerkovic.

Skyway Commons is located on the northwest corner of Dysart Road and Rio Glass Solar Road in Surprise, Arizona. Totaling 110,221 square feet, Phase I features grade- and dock-level loading, 24' clear height, ESFR fire sprinklers, energy-efficient LED lighting and R-30 roof insulation. The project falls under a Planned Unit Development (PUD) zoning, which provides for greater flexibility for a wide range of tenants with commercial business park or industrial-related uses. Additional phases of Skyway Commons will have the capacity to accommodate users up to 140,000 square feet.

Phase I of Skyway Commons is scheduled to complete in January 2018. The general contractor is LGE.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Phoenix, JLL is a market leader employing more than 560 of the region's most recognized industry experts offering office, industrial and retail brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services. In 2016, the Phoenix team completed 34 million square feet in lease and sale transactions valued at $1.5 billion, directed $105 million in project management and currently manages a 25.2 million-square-foot portfolio. For more news, videos and research resources on JLL, please visit www.jll.com or www.jll.com/phoenix.