COTTON CENTER
PROJECT SUMMARY
DATE ACQUIRED
Oct. 2015
LOCATION
Phoenix, AZ
SIZE
225,435 SF
TENANTS
42
YEAR BUILT
2001
MARKET
Located in the central Phoenix area, the Airport submarket provides access to major business centers including Downtown Phoenix, Downtown Tempe, Scottsdale, the Camelback Corridor, and high-tech employers in the southeast Valley Communities of Chandler, Mesa and Gilbert. Proximity to Sky Harbor International Airport gives this market area its name. In addition, the Airport submarket is close to high-quality executive and employee residential areas in the Biltmore/Arcadia, Scottsdale, Ahwatukee Foothills, and Southeast Valley communities. Tenants chose to locate in this area due to the easy access across the various housing communities. Within a 15 minute drive, a tenant can reach most of the major housing communities in Phoenix.
The Airport Market area surrounding The Cotton Center has historically been the strongest and most active for R&D, distribution, small and large manufacturing, and service office employment in the Phoenix metropolitan area. The result is a broad and deep base of complementary employment. There is a large base of potential tenants to draw from, as well as tenants who are located in the Portfolio assets servicing the many larger employers in the area. The strength of this area is evident in the fact that 30% of all of the Phoenix area industrial property is located in the Airport Area submarkets, and 2.98 million people live within a 30 minute commute, representing 69% of the entire Phoenix metro area.