Phoenix AZ – February 27, 2026 | By STAFF HERE PHOENIX WRITER
WHAT’S HAPPENING
What is the CapRock West 202 Logistics development in Phoenix?
It is a 3.4-million-square-foot speculative logistics development in Phoenix, AZ, developed by CapRock Partners and recently finalized.
When was the final phase of CapRock West 202 Logistics completed?
The final phase, delivering 825,000 square feet of warehouse space, was completed in late January and early February 2026.
Where exactly is the CapRock West 202 Logistics complex located?
The complex is located in the Southwest Phoenix submarket at North 59th Avenue and West Van Buren Street, along Loop 202.
What are some notable leases secured at this development?
Building C secured a 1,063,188 sq ft lease, and Building B secured a 532,713 sq ft lease with undisclosed tenants.
The 3.4-million-square-foot CapRock West 202 Logistics development in Phoenix has been finalized, representing the largest speculative logistics project in the region. Announced in late January/early February 2026, the completion of its final phase adds 825,000 square feet of Class A warehouse space. This significant expansion enhances Metro Phoenix’s industrial capacity and supports ongoing economic growth in Arizona.
CapRock West 202 Logistics Finalized, Boosting Phoenix Industrial Capacity
The extensive 3.4-million-square-foot CapRock West 202 Logistics development in Phoenix has been finalized, marking a significant milestone in the region’s industrial sector. This project, developed by CapRock Partners, represents the largest speculative logistics development in the Phoenix area, substantially increasing the industrial capacity and contributing to ongoing economic expansion within Metro Phoenix for 2026.
Completion of Final Phase Expands Industrial Offerings
The completion of CapRock West 202 Logistics – Phase 2, announced in late January and early February 2026, delivered 825,000 square feet of Class A warehouse space across three buildings on 43 acres within the Southwest Phoenix submarket. With the final phase now complete, the entire CapRock West 202 Logistics complex encompasses 3.4 million square feet of modern industrial space situated across 183 acres. This development is recognized as the first large-scale logistics complex established along the South Mountain Freeway (Loop 202).
Strategic Location and Accessibility for Logistics Operations
The CapRock West 202 Logistics complex is strategically located at the northeast corner of North 59th Avenue and West Van Buren Street, providing immediate access to both I-10 and Loop 202. Its position offers convenient access to Downtown Phoenix and Phoenix Sky Harbor International Airport, both reachable within 15 minutes. The majority of the Phoenix metro area can be accessed within 45 minutes, and the location facilitates efficient distribution to over 230 million U.S. consumers within a three-day truck drive.
Leasing Activity and Advanced Building Features
Project finalization coincides with significant leasing achievements, including a 1,063,188-square-foot lease for Building C, the largest facility within the complex, to an undisclosed corporate tenant. Building C is a cross-dock facility featuring a 40-foot clear height, 159 dock-high doors, and extensive parking for automobiles and trailers, designed for high-volume distribution. Additionally, an undisclosed manufacturing tenant secured the entire 532,713-square-foot Building B in the third quarter of 2025. Phase 1, which delivered five buildings totaling approximately 2.5 million square feet across 140 acres, is 85 percent leased. The buildings across the complex feature clear heights ranging from 32 to 40 feet and a combined 139 dock-high doors in Phase 2, catering to various modern logistics, distribution, and light manufacturing requirements.
Phoenix Market Position and Developer’s Commitment
The Phoenix metropolitan area continues to solidify its position as a critical logistics market nationally, driven by population growth, strategic infrastructure investments, and ongoing supply chain adjustments. The CapRock West 202 Logistics project underscores CapRock Partners’ long-term commitment to delivering large-scale, high-quality industrial assets that meet the demands of global occupiers and support regional economic growth. Upon the full buildout of CapRock’s various projects, the firm’s Phoenix-area portfolio is expected to comprise approximately 7 million square feet of industrial space. The development initially broke ground on its first phase in 2022.
Summary of CapRock West 202 Logistics Key Features
| Feature | Detail |
| Total Development Size | 3.4 million square feet |
| Total Land Area | 183 acres |
| Developer | CapRock Partners |
| Location | Southwest Phoenix submarket, northeast corner of North 59th Avenue and West Van Buren Street, along Loop 202 |
| Number of Buildings (Total) | 8 (5 in Phase 1, 3 in Phase 2) |
| Phase 1 Details | 2.5 million square feet, 5 buildings, 140 acres, 85% leased |
| Phase 2 Details | 825,000 square feet, 3 buildings (F, G, H), 43 acres |
| Notable Leases | 1.06 million sq ft (Building C), 532,713 sq ft (Building B) |
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
