Conor Commercial Real Estate, together with partner, WHI Real Estate Partners L.P., is excited to announce they have broken ground on its newest development, The Lotus Project. The groundbreaking ceremony was held on October 19th off of Loop 202 Santan Freeway and Kyrene Road in Chandler, Arizona.
Phase I of this project will consist of 475,000 square feet of Class A industrial space. Four advanced manufacturing and light industrial buildings are scheduled to be built by July of 2019.
“The highly-desirable infill location within the Southeast Valley submarket, coupled with the low vacancy and influx of businesses expanding or relocating to the Chandler area makes this an exciting development,” remarked Sven Tustin, Senior Vice President of Conor Commercial Real Estate. “We are thrilled to work with WHI Real Estate Partners on another project undertaking and are confident that The Lotus Project will be well received.”
The site is situated in the desirable City of Chandler in the Southeast Valley region of Metropolitan Phoenix, only 15 minutes from Sky Harbor International Airport and 20 minutes from Downtown Phoenix.
“We’re excited to secure a sizable land position in the City of Chandler,” said Derek Buescher, Development Manager of Conor Commercial Real Estate. “Chandler has been great to work with and offers the lifestyle amenities and educated workforce today’s users require.”
The broker representing Conor Commercial Real Estate is CBRE. Jackie Orcutt, First Vice President of CBRE, can be reached at jackie.orcutt@cbre.com. Rusty Kennedy, Senior Vice President of CBRE, can be reached at rusty.kennedy@cbre.com. McShane Construction Company is serving as the general contractor.
