Cushman & Wakefield’s National Industrial Advisory Group, in coalition with Cushman & Wakefield's Equity, Debt & Structured Finance Group, as exclusive advisor, is pleased to present a financing opportunity on behalf of Crimson Canyon ("the Sponsor") in Rooks Industrial Gateway ("the Property" or "Project"), a ± 488,660 SF development consisting of one state-of-the-art 40' clear cross-dock Class A industrial building.
The Project is the North site of the ±112 acre master-planned industrial park, which upon completion, will total ±1,613,240 SF of best-in-class industrial product. This is a rare opportunity to leverage prime land at a beneficial cost basis to develop product that specifically targets the current needs of industrial users. The greater industrial park's I-1 zoning allows for a wide variety of uses that can accommodate manufacturing and technology users alike.
Rooks Industrial Gateway is located in Buckeye, which is part of Phoenix's Southwest Valley submarket. The submarket is one of the strongest submarkets in the metro, given its access to major transportation networks, available and highly-skilled workforce, proximity to the two most active container ports in the U.S. (Los Angeles and Long Beach) and ability to service major population centers. The site is ideal for distribution operations seeking to leverage the "California Effect" and Phoenix's regional positioning. Major cities like Dallas-Forth Worth, Denver, San Francisco, Reno, and Salt Lake City are within a two-day delivery zone, with El Paso, Las Vegas, Los Angeles, and San Diego within a one-day delivery zone. Rooks Industrial Gateway is also located in an opportunity zone.
Crimson Canyon is a local developer deeply rooted in the Phoenix real estate market that specializes in speculative development projects across the Southwest wit a focus on achieving superior risk-adjusted returns relative to their competitors. The company recently completed the development and lease-up of a ±326,000 SF Class-A cross-dock industrial facility fully leased to ExxonMobil, also located in Buckeye