Evergreen Devco, Inc., a leader in commercial and industrial real estate development, recently celebrated the grand opening and ribbon-cutting for its first industrial project at the intersection of Litchfield Road and Desert Cove Road in Surprise. The event took place November 13, bringing together key stakeholders, partners and members of the community.
The Evergreen project team, comprised of Brian Dietz, vice president of Industrial, Jazzmine Clifton, development manager, and Brad Libey, director of construction, worked diligently to deliver this state-of-the-art facility, for BP Castrol Oil. The City of Surprise and Willmeng Construction, Inc., played pivotal roles in bringing this project to life, and BP Castrol’s operations are poised to make a significant impact on the region. Opening ceremony attendees included City of Surprise Mayor, Skip Hall, City of Surprise Economic Development Director, Jeanine Jerkovic, BP representatives David Burns and Scott Palagyi, Willmeng Construction Vice President TJ Jarvis, along with members of the community.
Strategic Location with Strong Investment Potential
Located along the major arterial of Litchfield Road, this new industrial development offers exceptional frontage and accessibility. With the growing regional demand from warehousing and manufacturing users, this project has seen interest from a diverse range of businesses. Evergreen executed a lease with a Castrol, division of British Petroleum, for the entire 168,000-square-foot facility earlier this year. Construction was completed last month, and BP Castrol took occupancy upon completion and celebrated the grand-opening and ribbon cutting with Evergreen and Willmeng.
“This project represents a significant milestone for Evergreen Devco as we continue to expand into the industrial market. This development was a success that could not have been possible without our partnership with the City of Surprise, Willmeng Construction, and industry leaders like BP and Castrol to create assets that will contribute to the area’s economic growth,” said Dietz.
Looking ahead, Evergreen Devco plans to place the property on the market in early 2025 with the assistance of its broker, Will Strong with Cushman and Wakefield. “This development is not only designed to attract high-quality tenants like BP Castrol, but it also represents a prime investment opportunity for future owners,” said Clifton. “We’re confident that the strong regional interest, coupled with the property’s strategic location near the TSMC factory, will make it highly appealing to potential buyers.”
