Phoenix Mesa-Gateway Airport master developer plans two manufacturing buildings

January 5, 2023

The construction cost is estimated to be $26 million per building for a total of $52 million.

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.

The joint venture acquired the 113-acre development site in April 2022 for $48 million, marking IndiCap’s entry into metro Phoenix. Upon completion, the industrial campus comprise 10 mid-bay and cross-dock Class A buildings, ranging from 83,200 to 426,400 square feet, with 30- to 36-foot clear heights, 160- to 500-foot building depths and between 93 and 474 parking stalls. Build-to-suit may be available for future phases.