PEORIA, Ariz., October 21, 2025 – The Phoenix office of JLLhas been selected to lease a new, fully speculative industrial park being developed by Barclay Group within FIVE NORTH, the new 320-acre mixed-use commercial lifestyle destination located within the 7,100-acre Vistancia master planned community in Peoria, Arizona’s Northern Peoria Corridor.

Called Vistancia Commerce Park at FIVE NORTH, the Barclay Group project will sit at the southeast corner of Westward Skies Drive and Desert Cactus Lane, along the Loop 303 and minutes from the $165 billion TSMC campus.

Totaling 239,700 square feet between four flexible building configurations, Vistancia Commerce Park at FIVE NORTH is the first notable speculative industrial development to be constructed in the Peoria submarket. It is tailored to meet a growing wave of advanced manufacturing initiatives, along with mid-size supplier and logistics companies entering the Valley in response to economic catalysts like TSMC, Amkor and others.

"With its strategic location and flexible design, Vistancia Commerce Park at FIVE NORTH is perfectly positioned for businesses looking to establish or expand their footprint in one of the fastest growing and dynamic regions in the U.S.," said Colby Fincham, Executive Vice President at Barclay Group in Phoenix.

"We're excited to deliver premier mid-bay product within FIVE NORTH at VISTANCIA," added Mollie Moroney, Vice President at Barclay Group. "The Loop 303 and North Peoria submarket's explosive growth – driven by major investments like Amkor and TSMC – is attracting suppliers, logistics firms and supporting industries that are fueling unprecedented demand for flexible light industrial space."

Buildings at Vistancia Commerce Parkat FIVE NORTH are designed to accommodate diverse operational needs. This includes a 43,600-square-foot Building A, 54,500-square-foot Building B, 48,000-square-foot Building C and 93,600-square-foot Building D, with space divisible down to 9,400 square feet.

Features include 28’ to 32’ clear height, full HVAC, LED lighting and 3,000 amps of power (expandable) per building, as well as both dock and grade level loading capabilities. The development will enjoy access to over 1 million residents, including a labor force of almost 580,000, within a 30-minute drive.

Barclay Group has selected JLL Vice Chairman Riley Gilbert, Vice Chairman Marc Hertzberg, Vice President Kelly Royle and Associate Nicole Marshall to lease the project.

“Vistancia Commerce Park at FIVE NORTH will feed off of Arizona’s advanced manufacturing evolution and the Vistancia corridor itself, which in its own right is emerging as a hub of residential and commercial uses,” said Gilbert. “This is a perfect position for Barclay Group’s new project as positive economic ripple effects continue and as demand for mid-size industrial space remains underserved yet is rapidly growing.”

FIVE NORTH at VISTANCIA is a strategically located, mixed-use development in Peoria, Arizona. Its location along Loop 303 offers excellent regional connectivity, making it easy to commute to major employment centers in Phoenix and surrounding cities. This convenient access, combined with the community’s natural beauty and modern infrastructure, positions FIVE NORTH at VISTANCIA as a top destination for both living and investment in the greater Phoenix area. Beyond residential appeal, the area is also a growing economic hub.

The FIVE NORTH at VISTANCIA development is a key area of expansion, planned to include a diverse mix of industrial, office, healthcare, education, mid- to high-density residential, retail, restaurants, parks and open space. This growth is driving new opportunities for business, shopping and dining, further enhancing the community's long-term value. The City of Peoria owns and will be developing 56 acres at FIVE NORTH at VISTANCIA and has announced plans to build a medical district, with HonorHealth and WestMEC planned for the initial phase of development. The first phase of mixed-use development is slated to include a fitness center and retail.

Construction on Vistancia Commerce Park at FIVE NORTH is anticipated to begin in the second quarter of 2026, with delivery expected in the second quarter of 2027. Butler Design Group is the project’s architect and GM Civil is the project’s civil engineer.

In Phoenix, JLL is a market leader employing more than 600 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. In 2024, the Phoenix team completed almost 50.5 million square feet in lease and sale transactions, with a total transaction volume of more than $2.8 billion. It managed almost 18 million square feet of space and directed 36 projects through Project and Development Services.

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