50 Commercial Real Estate Projects to Know in 2027

Bethany Bay

Owner: IndiCap

Developers: IndiCap | VAC Development

General contractor: FCL Builders

Architect: Ware Malcomb

City: Glendale

Size: 136,800 square feet

Details: Demand from smaller industrial users has stayed strong, yet most new construction in Phoenix has continued to skew big-box. This project aims to address that gap, with suite sizes ranging from roughly 4,500 to 18,000 square feet and layouts that support multitenant use instead of single-user occupancy. Located along the Loop 303 in Glendale, the project brings small- to mid-bay industrial space into a corridor that’s been dominated by large-scale logistics development.

Chandler Bay

Owner: IndiCap

Developers: IndiCap | VAC Development | MDI Capital

General contractor: Stevens-Leinweber Construction

Architect: Deutsch Architecture Group

City: Chandler

Size: 110,481 square feet

Details: Located in Chandler along the Loop 202 corridor, the project brings 110,481 square feet of Class A industrial space to a submarket that is typically defined by larger, more traditional logistics development. The building is designed with efficiency and adaptability in mind. It features a 28-foot clear height, flexible suite configurations ranging from approximately 9,000 to 27,000 square feet, and infrastructure that supports a range of industrial uses, including light manufacturing, service operations and regional distribution.