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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