**CapRock Partners Completes Final Phase of Phoenix’s Largest Spec Industrial Development**
CapRock Partners has successfully completed Phase 2 of its CapRock West 202 Logistics project, finalizing what is now the largest speculative industrial development in Phoenix. The newly completed phase adds 825,000 square feet of state-of-the-art Class A warehouse space, spread across three buildings situated on 43 acres in the Southwest Phoenix submarket.
With the addition of Phase 2, the entire CapRock West 202 Logistics complex now encompasses 3.4 million square feet across 183 acres. The development is the first large-scale logistics complex along the South Mountain Freeway (Loop 202), solidifying its strategic importance for the region’s growing industrial market.
Phase 2 is located at 675 N. 55th Avenue and includes the following buildings:
– Building F: 301,771 square feet
– Building G: 295,586 square feet
– Building H: 227,107 square feet
The completion of this phase follows the announcement of a significant lease agreement for Building C—the development’s largest facility—totaling 1,063,188 square feet. The lease was secured with an undisclosed corporate tenant, reflecting strong market demand for large-scale industrial space in the area.
Phase 1 of the CapRock West 202 Logistics project is currently 85 percent leased, demonstrating robust interest in the complex.
Colliers represented CapRock in the Building C lease transaction and continues to manage all leasing efforts for the CapRock West 202 Logistics project.
