Investment Group Acquires 1.2M-SF Phoenix Industrial Park

Machine Investment Group (MIG), in a joint venture partnership with Miramar Capital and Axonic Capital, acquired  The Hub @ 202, a 1,271,390-square-foot, 10-building industrial park located in the Southeast Valley submarket of Phoenix.

The industrial campus consists of 10 separate buildings ranging in size from approximately 65,000 to 270,000 square feet and is located within one of the nation’s fastest-growing industrial and manufacturing corridors.

MIG purchased The Hub @ 202 with plans to invest additional capital into the property to create move-in-ready industrial suites. Cushman & Wakefield secured a $224 million acquisition loan on behalf of Wharton Industrial to buy the park in 2022.

Cushman & Wakefield’s Will Strong led a team that coordinated the sale along with leasing advisors Ken McQueen, Chris McClurg, Blake Peters, and Jack Sims of Lee & Associates. Additionally, Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team, led by Brian Share, secured the financing on behalf of the new ownership.