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Multifamily housing, high-end restaurants and a greenbelt over 12 football fields long are envisioned to help shield residents from the sight of light-industrial buildings with loading docks proposed for over 250 acres next to Morrison Ranch.
Before the Covid-19 pandemic, Casa Grande had not seen speculative industrial development since the 1980s. Now multiple developers are working on plans to build large industrial parks across the county.
IndiCap and Invesco have broken ground on Virgin Industrial Park, a five-building, 1.5 msf, Class A industrial project being constructed in the booming Loop 303 Corridor, in metro Phoenix’s West Valley.
IndiCap, Invesco and the Phoenix office of JLL joined with local dignitaries and project partners to celebrate the groundbreaking of Virgin Industrial Park, a five-building, 1.5 million-square-foot Class A industrial project being constructed in the booming Loop 303 corridor of the West Valley.
After encountering stiff neighborhood opposition to its planned industrial development The Ranch near Power and Elliot roads in Gilbert, developer IndiCap has pivoted and submitted a minor General Plan amendment and rezoning request to add residential components to the site.
Residents spoke out strongly against The Ranch at Gilbert Town Council's November meeting, so here's how developers have modified their proposal for the project.
A groundbreaking ceremony for a 1.54-million-square-foot industrial park was held along the Loop 303 corridor in the West Valley Thursday.
IndiCap, Invesco and the Phoenix office of JLL have joined with local dignitaries and project partners to celebrate the groundbreaking of Virgin Industrial Park, a five-building, 1.5 million-square-foot Class A industrial project being constructed in the booming Loop 303 Corridor, in metro Phoenix’s West Valley.
IndiCap, in a joint venture with Invesco Real Estate, has broken ground on Virgin Industrial Park, a five-building, 1.5 million-square-foot industrial project in Waddell, Ariz.
IndiCap and Invesco are working together on a 1.5 million square foot industrial project in Phoenix. They secured an $88 million to get started on the first phase.
The Vantage Data Centers development by McCarthy Building Companies in Goodyear has been awarded a STAR Site designation from the Arizona Division of Occupational Safety and Health’s Voluntary Protection Program for “exemplary and comprehensive safety and health management systems.”
Developers have continued building in the Phoenix metro even as the nation has started to see supply of buildings outpace demand for space, or a cool-down in leasing activity in the fourth quarter of 2022.
A Las Vegas developer that has been active across greater Phoenix in recent months plans an industrial park in the West Valley as construction stays brisk in the region despite a national pullback by industrial developers.
IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the Arizona and Southwest U.S. markets, has completed financing for the Virgin Industrial Park project in Maricopa County, within metro Phoenix’s West Valley, with the closure of a loan for Phase I and the cash closing on the land for Phase II of the project.
The construction cost is estimated to be $26 million per building for a total of $52 million. “This industrial development will help serve the region’s needs and will be home to advanced manufacturing companies that will bring high wage jobs to our community,”
PHOENIX — Developers have broken ground on a 113-acre industrial park in Mesa that will be home to more than 1.6 million square feet of space across 10 buildings.
IndiCap and AECOM-Canyon Partners today joined JLL and the City of Mesa to break ground on Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona.
IndiCap, together with AECOM-Canyon Partners, has broken ground on Eastmark Center of Industry, a 1.6 million-square-foot industrial park in Mesa, Ariz. The development team includes Layton as general contractor, Kimley Horn serves as general engineer and Deutsch Architecture is the project architect.
MESA, ARIZ. — IndiCap and AECOM-Canyon Partners have broken ground on Eastmark Center of Industry, a 113-acre industrial park in Mesa’s Gateway Airport submarket.
IndiCap and AECOM-Canyon Partners joined JLL and the City of Mesa to break ground on Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona.
A Nevada industrial developer broke ground on a 10-building industrial park located between data centers for Apple and Meta near Phoenix-Mesa Gateway Airport in Mesa, Arizona.
Davis Commercial AZ announced that it has expanded its office with the hiring of an associate broker and a business development specialist. Joining the firm is associate broker David Roberson and business development specialist Cathy Maloney.
IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, announced Geovanni Villalta, an accomplished professional with more than 20 years in the construction industry, has joined the IndiCap team as a senior development manager.
Boutique commercial real estate firm IndiCap has hired Leah Rinta as Controller to oversee the company’s operational accounting, financial reporting and related internal controls.
PHOENIX (April 26, 2022) - IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48 million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community located in the heart of the Mesa Gateway submarket.
IndiCap and AECOM-Canyon Partners recently teamed up on the acquisition of 113 acres of land in Mesa, Ariz., for the development of Eastmark Center of Industry, a 1.6 million-square-foot industrial development. The joint venture partners paid $48 million for the two parcels of land, located in the Eastmark master-planned community.
PHOENIX — A Nevada-based commercial real estate company has made its first foray into Arizona, buying 113 acres of land near Phoenix-Mesa Gateway Airport. IndiCap’s $48 million purchase, a joint venture with AECOM-Canyon Partners, will consist of 10 buildings with over 1.6 million square feet of industrial buildings. The project, called Eastmark Center of Industry, is located within the Elliot Road Technology corridor.
Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco. At build-out, the two-phase, 110-acre Class A development will total more than 1.5 million square feet in five buildings. It will also bring IndiCap’s local industrial development pipeline to more than 14.4 million square feet and over 880 acres.
The joint venture of IndiCap and Invesco intends to develop a Class A industrial campus in Glendale, Ariz. Set to comprise more than 1.5 million square feet across five buildings, Virgin Industrial Park is slated to break ground in November 2022. Graycor Construction Co. will serve as general contractor, while Deutsch Architecture Group will provide architecture services for the project.
The project, Eastmark Center of Industry, will contain 10 buildings totaling more than 1.6MSF of mid-bay and cross dock industrial buildings. Cornerstone companies assisting in the land acquisition and development include Layton Construction, Kimley Horn, Deutsch Architecture and Snell & Wilmer. Pat Harlan, Steve Larsen and Jason Moore from the Phoenix office of JLL represented IndiCap in its site selection and land acquisition.
As a result, large real estate companies are coming to Arizona and buying up land parcels around the areas that tech companies locating in Phoenix. Recently a Nevada-based company called IndiCap, in a JV with AECOM-Canyon Partners bought 113 acres of land near Phoenix-Mesa Gateway Airport for $48 million. It plans to build 10 buildings with over 1.6 million square feet of industrial buildings.
IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, announced today Todd Ostransky, IndiCap’s vice president of development, will oversee the growth of the Mountain States Region with a current focus on the development of several Arizona projects.
IndiCap has joined forces with AECOM-Canyon partners to buy two parcels of industrial zoned land in the Mesa Gateway submarket. The parcels, which total 113 acres are in the Eastmark master planned community. The parcels acquisition price was $48 million. The real estate at Eastmark will contain 10 buildings totaling over 1.6 million square feet of industrial space. They will range from 83,200 square feet to 426,000 square feet.
IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48 million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community located in the heart of the Mesa Gateway submarket.
