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IndiCap JV Start Work on First of 10 Phoenix-Area Business Parks
IndiCap and AECOM-Canyon Partners have started work on the Eastmark Center of Industry, a 113-acre industrial park located near Gateway Airport 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, its first in the region. Now IndiCap has a total of 10 projects with over 13 million square feet of Class A industrial space planned or under development in industrial corridors including the Loop 303, Central Phoenix, Mesa, Gilbert and Casa Grande. Upon completion, Eastmark Center of Industry will offer buildings from 83,200 square feet to 426,400 square feet, with 30’ to 36’ clear height and 160’ to 500’ building depths. Future phases may include the opportunity for build-to-suit.
The development team includes Layton as general contractor, Kimley Horn serves as general engineer and Deutsch Architecture is the project architect.
- ◦Development
