If It's In The Paper...

...it must be true, right? Well, in this case, it is. All of those trips to California by my office mates have yielded an agreement to carry out the development of the industrial sites on Morrison Ranch. Today's AZ Republic has the official press release:

A California company has been chosen to develop Morrison Ranch Business Park in Gilbert.

Birtcher Development & Investments and Lunsford Group have formed a new entity, Birtcher::Lunsford, LLC, which will develop the 600-acre property on Power Road between Elliot and Warner roads.

The project will bring 8.2 million square feet of office and industrial space to Gilbert. A groundbreaking for the first phase of the development is scheduled for summer 2008, according to the company.

The business park will be part of Morrison Ranch, a master planned community covering more than 2,000 acres. The community includes residential, retail, office and industrial properties. The master plan should be completed in five phases over the next 25 years.

You can check out some of the accomplishments of our partners here, and of course our website lays out the vision for the park.

The Business Park will evolve over the next 25 years, as the article states; that takes some adjusting for our "get-it-now" mentality; but that is normal and customary for that type of use. We are excited about the Birtcher:Lunsford Group and will let you know when something starts to happen.