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.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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