IndiCap and AECOM-Canyon Partners are developing Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona. At completion, the park will total 10 buildings and more than 1.6 million square feet of mid-bay and cross-dock Class A industrial buildings.
IndiCap purchased the project site in April 2022 for $48 million, marking an entry into metro Phoenix and the start of a bullish expansion in the market for this company that specializes in industrial investment and development.
“The Southeast Valley has become a go-to industrial location, recording 1.5 million square feet of positive industrial absorption in the third quarter alone,” says JLL Senior Managing Director Steve Larsen, who serves as the exclusive leasing broker for Eastmark Center of Industry along with JLL Senior Managing Director Pat Harlan and Senior Vice President Jason Moore.
Photo courtesy of IndiCap