Kitchell Development recently commenced construction on Elliot 94, a Class A industrial distribution complex located at the northwest corner of 94th Street and Elliot in Mesa, Ariz.
Elliot 94 will be a 214,548-square-foot encompassing two buildings with modern functionality including 30-foot clearance, ample parking and efficient use of natural light. Located in the prime Elliot Road technology corridor, the project is directly south of the Meta Data Center campus and near Amazon and Apple locations in the East Valley. It is anticipated to be complete by March 2023.
“With the average tenant size of 80,000-plus square feet, Elliot 94 will be ideal for enterprise companies looking to have an expansive, full-service location with both warehouse and administrative space,” said Kitchell Senior Director of Development Kevin Miller.
Elliot 94 is a joint venture of Phoenix-based Kitchell Development and Park Ventures of Manhattan Beach, Calif. The project was designed by Butler Design Group and is being constructed by Nitti Builders, with financing provided by UMB. Leasing is being handled by CBRE.
“The Elliot Road corridor is clearly underserved with industrial product. With the access it provides to a large population base, which includes a very diverse labor pool, we expect continued demand throughout the area” said Tanner Ferrandi with CBRE.
The high demand for industrial space and low inventory in California, as well as a trend toward domestic production – are factors helping to drive robust activity in the metro Phoenix area. Industrial vacancy rates in the Valley are trending between 4 to 5 percent.
Kitchell Development has a long history of high-performing developments in Arizona and Southern California, encompassing retail, industrial, office and multifamily projects. Other Kitchell industrial projects in recent years include the Freeway Logistics Center and 67th & Grant in Phoenix and the Chandler Airpark, 800 Germann and 202 Val Vista in the Southeast Valley.
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