The Source Logistics Center is a 144,885 square foot Class A industrial facility located in Tempe, Arizona, and construction has now wrapped ahead of its original mid 2026 target. LGE Design Build completed construction on the property, now marketed as Source Business Center, with leasing teams beginning to court prospective tenants for the finished building.
Source Logistics Center Sits in TSMC’s Growing Orbit
The completion lands squarely inside the semiconductor driven demand that shaped the project from the start, since Creation cited the area’s advanced manufacturing base when it broke ground on the site. That base keeps expanding just up the freeway, where Taiwan’s government recently approved TSMC’s $20 billion Arizona investment for a new wafer fab and packaging plant, reinforcing the same industrial fundamentals now drawing tenants to Tempe’s Warner Road corridor.
Project Overview
- Project Name: Source Logistics Center, now marketed as Source Business Center
- Location: Tempe, Arizona, United States
- Project Value: Not publicly disclosed
- Client/Owner: Creation, in partnership with investor CrossHarbor Capital Partners
- Main Contractor: LGE Design Build (architect and general contractor)
- Key Components: 144,885 square feet of Class A industrial space on 15 acres, with 32 foot clear heights and six acres of contiguous yard space
- Procurement Model: Developer led project financed with CrossHarbor Capital Partners as investment partner
- Construction Start: February 2025
- Expected Completion: Construction completed in early 2026, ahead of the original mid 2026 target
- Strategic Impact: Adds modern industrial capacity to a land constrained Tempe submarket shaped by nearby semiconductor and advanced manufacturing growth
Project Team
- Client/Owner: Creation
- Investment Partner: CrossHarbor Capital Partners
- Architect and Main Contractor: LGE Design Build
- Leasing Team: Cooper Fratt, John Werstler, and Tanner Ferrandi of CBRE
Reported 13th February 2025: Construction has officially begun on the Source Logistics Center, a new Class-A industrial facility in Tempe, Arizona. Developed by Creation, a real estate equity firm, the center will cover 144,885 square-feet on the southeast corner of Warner Road and Hardy Drive. The ground breaking ceremony was attended by various city officials, investors and partners of Creation. Further, the event happened not long aafter the 15-acre site was acquired in collaboration with CrossHarbor Capital Partners in December.
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Completion date on the Source Logistics Center
The project is scheduled to be completed in mid-2026. The Source Logistics Center will offer 32-foot clear heights and six acres of contiguous yard space. This will offer flexible options for material storage, trailer parking and box truck or van parking to support last-mile delivery needs. Moreover, the center is located not too far from the I-10 and Loop 101 Freeways. Additionally, the facility will be located close to the Phoenix Sky Harbor International Airport. The project architect and general contractor of the project is LGE Design Build. In addition, Tanner Ferrandi, John Werstler and Cooper Fratt from CBRE are leading the leasing process.
Project Overview
Location: Tempe, Arizona
Project scope: 144,885 square-feet
Developer: Creation Equity
Project contractor: LGE Design Build
Architect: LGE Design Build
More on Creation Equity
“Breaking ground on Source Logistics Center showcases our commitment to delivering modern, infill industrial space in land-constrained submarkets with high barriers to entry. Tempe’s limited land availability and strong demographics drive demand for sites that can accommodate vehicles, equipment, inventory and raw goods,” said Grant Kingdon, principal of Mountain West Region at Creation. The company has been involved in a number of successful industrial and mixed-use developments across the country. Some of these projects include the Park Algodon in Phoenix and Thunderbird Commerce Park in Scottsdale. Furthermore, the company recently sold the Airpark Logistics Center in Goodyear for US$184 million..
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