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Pasternack Breaks Ground On TEN Distribution Center Warehouse 1 in Phoenix

JLL Named Exclusive Leasing Brokerage for Speculative Industrial Project
January 30, 2018
Pasternack Properties broke ground on the 1.1 million-square-foot Warehouse 1 in the TEN Distribution Center industrial park at 8181 W. Roosevelt St. in Phoenix.

The new warehouse will be the first of six planned for the $300 million TEN Distribution Center industrial park, a 3.6 million-square-foot project located on a 215-acre site on 83rd Ave. near I-10 and the Loop 101. The single-story distribution center is slated for completion in mid-2018 and will feature 40-foot ceilings.

Plans for the TEN Distribution Center include five additional industrial buildings ranging from 175,000 to 1.1 million square feet, along with 15 retail, restaurant and service sites fronting 83rd Ave.

Irwin G. Pasternack AIA, the property owner, architect and developer, said, "Phoenix is gaining national attention for its strategic location, workforce and low cost of doing business. The demand that this has generated has put Phoenix on the map with a very broad range of business sectors, and that is having an exponential impact."

JLL Managing Directors Anthony Lydon and Marc Hertzberg, along with Riley Gilbert, vice president, were selected to handle the leasing efforts for TEN Distribution Center.

According to Lydon, growth in the Phoenix region has created a shortage of 'shovel-ready' industrial buildings measuring 500,000 square feet or more.

"This makes a project like TEN, with its location, amenities and robust City of Phoenix utilities, an increasingly rare commodity," he added.

TEN Distribution Center is Foreign Trade Zone capable, which is expected to reduce real property and equipment taxes by 72 percent.

Graycor Construction Co. is the general contractor for the project.
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