Manufacturing Company Signs Lease at Park Lucero
An out-of-state manufacturing company recently signed a lease to occupy nearly 47,000 square feet in Building B of Phase I at Park Lucero. Their capital investment over the next three years will be $8.7 million. The company plans to bring 747 jobs over the next five years to their new Gilbert location.
Silent Aire USA Headquarters Nears Completion
Silent Aire USA Headquarters is nearing completion in Phase III at Park Lucero. The manufacturing company has signed a lease for 146,832-square-foot Building E. Construction commenced late in 2016 and is estimated to deliver in May 2017. The new facility will be a relocation and expansion of Silent-Aire’s current U.S. headquarters located in Gilbert and will bring a total of 225 net new jobs to the area, adding to the existing 200 jobs.
The building Silent Aire will occupy is the third of four phases. Park Lucero is planned as a Class A industrial park featuring a combination of buildings with dock-high, truck well and grade-level loading, 24-foot to 30-foot ceiling clear heights and an overall 2.1:1,000 parking ratio. The project is located on 48 acres at the northwest corner of Mustang Drive and Germann Road near the Gilbert/Chandler border. The site has frontage along the Loop 202 freeway and Germann Road and is directly adjacent to more than 1 million square feet of retail amenities. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings.
Aerial taken April 2017