KV Casa Grande, a newly built Class A speculative industrial facility in Casa Grande, Arizona, has reached full occupancy following the execution of a fourth and final lease. The project, totaling 314,453 square feet, was developed by Kentwood Ventures on an 18-acre site at 1550 W. Lawrence St., located less than an hour southeast of central Phoenix.
The building was delivered to institutional quality standards, with clear heights of 32 feet designed to accommodate modern industrial and logistics operations. It is equipped with 33 dock-high doors and 12 grade-level doors to support a range of loading and distribution needs. Life safety and efficiency features include ESFR sprinkler systems and LED lighting, while a 185-foot concrete truck court and 6,000 amps of available power are intended to facilitate heavy vehicular traffic and power-intensive uses.
Leasing at KV Casa Grande was driven by a mix of manufacturing, packaging, refrigeration supply, and freight users. American Refrigeration Supplies Inc. committed to the project early, signing a 50,000-square-foot prelease prior to the building’s completion. A Fortune 100 healthcare manufacturer later secured 148,296 square feet as the project’s anchor tenant, taking the largest block of space in the facility.
Additional commitments came from Graham Packaging, a plastics container manufacturer, which leased 49,537 square feet, and A to Z Destinations, an Arizona-based freight company, which took 66,803 square feet as the final tenant. With these four users in place, the entire 314,453-square-foot building is now fully leased.
The broader KV Casa Grande site extends beyond the initial 18-acre development footprint. An additional 19 acres remain available at the location, and Kentwood Ventures has indicated it expects to pursue a second phase of development there. While specific plans, timelines, and capital details for this potential next phase were not disclosed, the successful lease-up of the first building establishes a tenant base and usage pattern centered on industrial, logistics, and manufacturing-oriented activity.
The full occupancy of KV Casa Grande’s initial phase underscores current tenant demand for modern Class A industrial space in the Casa Grande area, particularly among users requiring a combination of distribution capabilities, manufacturing support, and freight operations in proximity to the greater Phoenix region.
