 |
In the groundbreaking photo from left are: Geo Villalta, Senior Development Manager - IndiCap; Jason Kuckler, Principal - IndiCap; Todd Ostransky, Vice President of Development - IndiCap; Steve Larsen, Senior Managing Director - JLL; Carl Beardsley, Senior Director Capital Markets - JLL; Bill Jabjiniak, Economic Development Director - City of Mesa; Mike Chernine, Partner - IndiCap; Jason Moore, Senior Vice President - JLL |
PHOENIX,
AZ, Nov. 15, 2022 – 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.
 |
| Mesa Mayor John Giles |
IndiCap
purchased the project site in April 2022 for $48 million, marking its entry
into metro Phoenix and the start of a bullish expansion in the market.
IndiCap now has a total of 10 projects with over 13 million square feet of Class A industrial space planned or under development in sought-after industrial corridors including the Loop 303, Central Phoenix, Mesa, Gilbert and Casa Grande.
“The Gateway area is drawing business of all sizes, and the Eastmark Center of Industry is an exciting addition that will serve the needs of those eager to locate in Mesa,” said Mayor John Giles. “The City of Mesa is pleased to start this new relationship with IndiCap and AECOM.”
 |
| Mike Chernine |
“The
Valley boasts many amazing industrial sites and Eastmark Center of Industry is
one of them, with immediate access to the robust local freeway system and
Gateway Airport.
"These connections open the door to a
huge range of tenants and uses. We are excited to work in partnership with
AECOM-Canyon to watch this park evolve to meet this dynamic demand and we
appreciate the support we’ve received from the City of Mesa throughout the
process.”
 |
| Kevin Thompson |
“I could not be more proud of the growth and economic activity we have seen in District 6, and especially in the Elliot Road Technology Corridor.
"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,” said District 6 Councilmember Kevin Thompson. “It is
exciting to see this project break ground and get the first phase of Eastmark
Center of Industry going.”
 |
| Steve Larsen |
It will build Eastmark Center of Industry in
joint venture with AECOM-Canyon Partners, a joint venture partnership between
AECOM Capital, the real estate investment arm of global infrastructure firm
AECOM, and Canyon Partners Real Estate, the real estate direct investing arm of
Canyon Partners LLC, a global alternative asset management firm.
 |
| Pat Harlan |
AECOM-Canyon Partners was established to develop large-scale, institutional-quality commercial real estate projects in top U.S. markets.
Upon
completion, Eastmark Center of Industry will offer buildings from 83,200 square
feet to 426,400 square feet, with 30’ to 36’ clear height and 160’ to 500’
building depths. Future phases may include the opportunity for build-to-suit.
“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,” said 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.
 |
| Jason Moore |
Eastmark
Center of Industry is located in the Elliot Road Technology corridor, minutes
from a full-diamond interchange at Santan Loop 202 and Elliot Road, as well as
the State Route 24 extension.
It is also minutes from Phoenix Mesa Gateway
Airport, which recently announced a $25 million expansion.
 |
| Todd Ostransky |
Formed by real estate industry leaders Mike Chernine and Jason Kuckler, the IndiCap development team brings over 100 years of collective experience to the Arizona and Nevada real estate markets.
Todd Ostransky, IndiCap’s
Vice President of Development (AZ), and Geovanni Villalta, IndiCap’s
Senior Development Manager (AZ), lead all Arizona development projects.
 |
| Jason Kuckler |
About
IndiCap
IndiCap, founded in 2021, specializes in industrial investment, development, consulting, and management services in Arizona and Nevada, with growth and expansion plans across other Western States.
IndiCap's scope consists of site selection, design, site plans and
construction, finance and budgets, and full development services.
 |
| Geovanni Villalta |
About AECOM-Canyon Partners
AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with $24.5 billion in assets under management.
AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets.
In
addition to capital, AECOM-Canyon Partners provides best-in-class design,
construction management and engineering expertise as well as credit support for
its development partners.
CONTACT:
Stacey
Hershauer
Phone: +1
480 600 0195
Email: stacey@focusaz.com
IndiCap
Media Contact: Stephanie Ceccarelli
Phone: +1 702-433-4331
Email: sceccarelli@massmediacc.com
AECOM-Canyon
Partners Media Contact: Kris Cole
Phone: +1 310-652-1411
Email: Pro-canyon@prosek.com
No comments:
Post a Comment