Financing has closed for River West Commerce Center, an approximately 111,000-square-foot industrial building planned in Avondale, and construction is scheduled to begin Monday, Oct. 5.
Developer F Street announced the financing close Friday, Oct. 2, and said the project is expected to be delivered in the third quarter of 2027. The building is planned for the northeast corner of El Mirage and Indian School roads, placing it within the established west Phoenix industrial corridor.
F Street’s announcement describes a 110,900-square-foot building. The current leasing brochure and investment materials list 110,950 square feet, a 50-square-foot difference that appears to reflect rounding.
The milestone moves the project beyond an investment offering and into the construction phase, although the building is not yet complete or occupied. F Street did not identify the lender or disclose the total construction-financing amount in its public announcement.
A 9.75-acre industrial site
A Cushman & Wakefield leasing brochure places the project on 9.75 acres and lists the building for lease. The brochure says the space can be divided for two tenants, a notable feature for companies that need less than a full large distribution building.
Plans call for a 32-foot clear height, a 130-foot truck court, 11 dock-high doors and two oversized grade-level doors. The site also includes about 2.3 acres for an additional yard or trailer storage and a fully secured perimeter, according to the brochure.
The marketing document lists the site about three miles from both Interstate 10 and Loop 101 and six miles from Loop 303. Those connections give future occupants access to the West Valley’s principal freight routes without placing the building directly on a freeway interchange.
No tenant announced
F Street’s investment materials describe River West as a joint venture with Hopewell Development and as a speculative, build-to-sell project. No tenant has been announced, and the current leasing materials continue to market the building.
That distinction matters because the financing close and scheduled construction start establish that the project is advancing, but they do not establish how many jobs or daily truck trips the property will eventually generate. Those effects will depend on the tenant mix and operating use.
The building’s size places it below the million-square-foot distribution centers increasingly common elsewhere in the West Valley. Its divisible layout appears designed to serve one or two midsize industrial users instead.
What comes next
F Street’s Oct. 2 announcement sets Oct. 5 as the construction start and the third quarter of 2027 as the expected delivery period. The next milestones will be visible site work, vertical construction and leasing activity.
Until a tenant is signed and an opening timeline is announced, River West should be understood as a financed industrial development entering construction, not an operating employment center.
Featured image: AI-generated editorial illustration representing industrial construction in the West Valley. It is not a photograph of the River West site or an official project rendering.
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