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February 02.2026

2 Minutes Read

CapRock's 3.4 Million Square Foot Phoenix Campus: A Major Industrial Milestone

CapRock Partners Completes Phoenix's Largest Industrial Campus

CapRock Partners has officially completed the second phase of its massive CapRock West 202 Logistics development in Phoenix, marking a significant milestone in the region's industrial real estate sector. With a staggering 3.4 million square feet, this campus stands as the largest speculative industrial complex in the Valley, showcasing the continued growth and development of Phoenix’s industrial market.

Location and Specifications: A Strategic Advantage

Situated on a prime 183-acre site, CapRock West 202 Logistics occupies a strategic position between Interstate 10 and Loop 202, just eight miles from downtown Phoenix and eleven miles from the international airport. The property features eight Class A buildings, including Phase Two's three new additions with a total of 825,000 square feet. These facilities are designed with modern specifications such as clear heights of 32 to 36 feet and ample parking space, catering to the needs of logistics and distribution businesses.

Significant Leases and Market Demand

Demonstrating the demand for such spaces, CapRock secured a notable lease with Amazon for Building C, the largest facility within the campus, which spans over 1.1 million square feet. The entire complex is already attracting other tenants, such as Peopleworks America Inc. and Knotwood USA, with the first phase projected to achieve 85 percent occupancy following multiple successful leases.

Phoenix’s Booming Industrial Landscape

The completion of this project reflects the broader trend in Phoenix’s industrial real estate market, which remains one of the most active in the United States. In 2025 alone, nearly 19.9 million square feet of industrial space was under construction in the area, highlighting Phoenix's status as a leading logistics hub driven by population growth and infrastructure development.

Future Developments on the Horizon

As CapRock continues to expand its local portfolio, it aims to develop additional properties across the Phoenix metro area to meet the ongoing demand for industrial space. This is not only beneficial for businesses in the area but also indicates a robust economic outlook for the region's real estate market in the coming years.

In summary, the completion of CapRock West 202 Logistics is not just a landmark achievement for CapRock Partners but also a testament to the thriving industrial market in Phoenix. As businesses continue to seek out strategic locations for their operations, developments like these will play a critical role in shaping the future of the region's economy.

Industrial Real Estate

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CapRock's 3.4 Million Square Foot Phoenix Campus: A Major Industrial Milestone

CapRock Partners Completes Phoenix's Largest Industrial Campus

Location and Specifications: A Strategic Advantage

Significant Leases and Market Demand

Phoenix’s Booming Industrial Landscape

Future Developments on the Horizon

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