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PHOENIX-McShane Cos. is building its west side presence through a plan to buy 147 acres from the local Layton Family for $25 million. Shortly after the deal closes, the developer, with equity from New York City-based MetLife Inc., will begin construction on the 2.5-million-sf Phoenix Logistics Center.

“We’re going through the entitlement process with the city of Phoenix now and those should hopefully come through in December,” says Alan C. Gillespie, vice president for Rosemont, IL-based McShane. He says the closing should take place in Q1 2008. He anticipates ground will break in the second quarter on the seven-building distribution park at 91st Avenue and Buckeye Road, with the phased-in development on the Phoenix side of the street.

The property is across the street from another McShane development, the 1.1-million-sf, 66-acre Westside Business Park at Buckeye Road and 83rd Avenue in Tolleson. Gillespie tells GlobeSt.com that Westside Business Park will be completed by mid-December and is under contract to a buyer, with the closing planned for mid-January.

Gillespie says it wasn’t McShane’s original intent to buy and build on the east side of Buckeye Road while finishing up Westside Business Park. However, he adds “we kept our eye on the land during the past several months and finally got it under contract.”

Gillespie points out that the time is right for developments like the Phoenix Logistics Center and Westside Business Park because distribution space is tight in the area. As a result, large user deals were going outside the metro area. “We’re gearing up this park, in particular, to have a mix of buildings ranging from 100,000 sf to 850,000 sf,” Gillespie says. “We want to cover all the bases size-wise for the industrial users.”

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