Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, today announced its acquisition of Longbow Industrial Park, a new two-building Class A industrial complex totaling 244,286 square feet in Mesa. CapRock acquired the 14.5-acre property from a private investor as the firm continues to grow its portfolio within the Phoenix industrial real estate market.
“CapRock Partners is excited to broaden its presence in the Phoenix area with the addition of Longbow Industrial Park, a best-in-class industrial property in Mesa’s Falcon Field submarket,” said Bob O’Neill, senior vice president, acquisitions at CapRock Partners. “Phoenix continues to experience economic and population growth, attracting leading corporations in the technology sector. As the region welcomes these businesses, CapRock is strategically investing, securing opportunities that enhance its position and provide returns for our institutional investors.”
Longbow Industrial Park is an efficient distribution and manufacturing facility. Both individual buildings feature 30-foot clear height, 2,400 square feet of speculative office space, warehouse HVAC and LED lighting, dock packages on one-third of the dock high doors, ESFR sprinklers, ample power, and a fully secured 182-foot concrete truck court. Building 1 is 129,165 square feet in size (divisible to 30,031 square feet) and includes 36 dock-high doors and four motorized grade-level doors. Building 2 is 115,121 square feet in size (divisible to 26,291 square feet) and includes 34 dock-high doors and four motorized grade-level doors. The property also includes a large wrap around parking lot with 320 auto stalls.
