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Phoenix & Southwest  + Phoenix  + Finance  | 

HUB @ 202 is One of Last Contiguous Parcels of Scale in Southeast Valley

A partnership led by Wharton Industrial and Madison Ventures Plus recently procured $224 million in acquisition and construction financing for The HUB @ 202, a master-planned 1.5-million-square-foot industrial park located in the Southeast Valley submarket of Mesa. The HUB @ 202 is one of the last contiguous parcels of scale located in the center of the Southeast Valley submarket of Phoenix.

Financing for the project was provided by MSD Partners LP, which was formed in 2009 by the partners of MSD Capital LP, the family investment office for Michael Dell, the founder and CEO of Dell Technologies. A Cushman & Wakefield team of John Alascio, Dave Karson, Chris Moyer, Will Strong, Kirk Kuller, TJ Sullivan, Chuck Kohaut and Zachary Smolev represented the borrower.

“The HUB @ 202 presented a compelling opportunity for the capital markets to invest in Phoenix’s Southeast Valley region, which has been one of the country’s fastest-growing industrial submarkets over the past two years,” said Alascio.

The property has been designed with the modern industrial tenant in mind. Construction is anticipated to commence in second quarter 2022. Anticipated to measure 1,497,453 square feet once fully completed, The HUB @ 202 sits on a 101-acre parcel that will consist of an 11-building class-A master-planned industrial park.


Inside The Story

John Alascio

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
  • ◦Development