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Rio Salado Business Center

Rio Salado Business Center

Property Name:Rio Salado Business Center
Location: Phoenix, Arizona
Description:

The planned Rio Salado Business Center offers the attractive opportunity to provide equity for development in order to capitalize on the thriving Phoenix market and meet the demand for industrial warehouse space.

Working with an experienced, local developer will enable us to attract and retain stable, creditworthy tenants.

Rio Salado Business Center is a planned 65-acre industrial development to be located near state highway 51 and interstate highways I-10 and I-17. The site is zoned as A-2, heavy industrial, and the development is expected to include Class A industrial warehouse space.

In a joint venture with local developer Jacor Partners, Behringer Harvard plans to develop up to 1 million square feet. The buidlings are expected to be from 50,000 square feet to 150,000, or larger, depending on tenant demand or build-to-suit opportunities.

The site for Rio Salado Business Center is situated one mile south of Sky Harbor international Airport in Phoenix and is within a one-day drive of the ports in Los Angeles.

Property Highlights:

  • Excellent proximity to major interstates and the Sky Harbor International Airport, which is ranked as the nation’s sixth busiest
  • Up to 1 million square feet of Class A industrial space
Asset Size:65 acres
Approximately 1 million square feet of rentable space
Investment: Equity and debt financing
Acquisition Date:July 2007
Investment of
Behringer Harvard
Fund(s):
Opportunity REIT I, Inc.

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