Skip Ribbon Commands
Skip to main content

News release

Phoenix, AZ

Skyway Commons Phase I debuts with two in-place national industrial tenants

JLL pre-leasing underscores steady, continued demand from mid-size users


PHOENIX, March 20, 2018 – The Phoenix office of JLL has completed two lease agreements with two national credit tenants, bringing Phase I of Skyway Commons in Surprise, Arizona to 25 percent pre-leased just as the building is delivered to market. The activity also pushes plans for Phase II into active pre-construction.

The Phase I lease deals – by Pennsylvania-based Hajoca plumbing supply company and Arizona-based RideNow Powersports – were initiated months before project completion, confirming a continued pent-up demand for mid-size industrial space in Phoenix's northwest submarket.

JLL Vice President Riley Gilbert, along with Managing Director Anthony Lydon and Associate John Lydon, represented the building owner, Silagi Development & Management, in the transactions.

"Phoenix's far West submarkets are known for their near-insatiable demand for big-box industrial inventory, but there is an equally active mid-size market requiring modern, Class A industrial product that has a very narrow set of options to accommodate their requirements," said Gilbert. "Silagi recognized this gap and made a bet on the market that is paying off."

Hajoca, the nation's largest privately held wholesale distributor of plumbing, heating and industrial supplies, moves into 10,126 square feet at Skyway Commons Phase I this month. It will use its new space for a wholesale plumbing supply house.

RideNow Powersports will occupy 15,611 square feet at Skyway Commons Phase I beginning in April. This will provide needed overflow space for the company, which was born from a small Honda dealership in Chandler, Arizona and has since grown into the nation's largest powersports dealer, with more than 30 locations across the U.S.

Built on a purely speculative basis, Skyway Commons Phase I totals 110,221 square feet of Class A industrial space at 11470 and 11560 N. Dysart Rd., at the southwest corner of Dysart and Cactus roads. Building features include a secured/fenced truck court, grade and dock-level loading, ESFR fire sprinklers, LED lighting and R-38 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.

With its two pre-leases, Skyway Commons Phase I is now 25 percent leased, leaving 84,484 square feet of space available – offering up to 43,647 square feet of contiguous space and divisibility down to 4,689 square feet.

Phase II of Skyway Commons will have the capacity to accommodate users up to 63,500 square feet. LGE is the general contractor for both phases.

 

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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 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 580 of the region's most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. In 2017, the Phoenix team completed 35.7 million square feet in lease and sale transactions valued at $1.9 billion, directed $112 million in project management and currently manages a 24.2 million-square-foot portfolio. For more news, videos and research resources on JLL, please visit www.jll.com or www.jll.com/phoenix.