BILL CLARKSON, CCIM Commercial & Investment Specialist

1.6M SF Eastmark Center of Industry breaks ground in Mesa

1.6M SF Eastmark Center of Industry breaks ground in Mesa

  • By: BILL CLARKSON, CCIM
  • Posted: November 18, 2022

 
Article Originally Posted by AZBigMedia on November 17, 2022
 
 
 

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. 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 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.”

“This groundbreaking kicks off the first in a string of metro Phoenix IndiCap projects being designed and developed for the specific needs of their unique submarkets,” said Mike Chernine, one of the principals at IndiCap. “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.”

“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.”