Contour Receives Financing for Phoenix-Area Business Park Buildout
A joint venture led by California-based Contour, received $99 million in construction financing for the five-building first phase of the Sossaman Park 202 industrial campus in Mesa, Ariz. The 108.9-acre site is at the southwest corner of Sossaman Road and Warner Road.
JLL arranged the financing on behalf of the borrower. The four-year, floating-rate loan for the 828,718-square-foot development was provided by Pacific Western Bank.
Upon completion, the project will comprise a mix of light industrial, warehousing and distribution buildings ranging from 130,318 square feet to 198,782 square feet. Each will offer two grade-level doors, between 25 and 41 dock-high doors, 50- x 52-foot column spacing and 32-foot clear height throughout. The site is only 2.5 miles from Phoenix-Mesa Gateway Airport, the nation’s only joint cargo hub, served by both U.S. and Mexican custom agents and allowing for the expedited shipment of goods.
- ◦Development
- ◦Financing