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Marwest Launches Next Phase of Industrial Complex in PHX’s Southwest Valley
Scottsdale-based Marwest Enterprises, LLC broke ground on Landing 3, a 525,000-square-foot, Class A industrial development that is part of a multi-phase, master-planned industrial project at Phoenix-Mesa Gateway Airport (PMG) in Mesa. The project is located in the Southeast Valley at 7827 E. Ray Rd. within an opportunity zone.
Marwest’s David Martens says, “We’re excited to grow our relationship with Mesa and our existing partners at PMG. There is a tremendous amount of momentum in Mesa. We continue to see significant economic growth and sustained interest for these projects – we’re very pleased to be there.”
The developer partnered on the project with a large unnamed institutional equity provider and construction financing was provided by an undisclosed regional bank. CapMatrix LTD served as strategic capital markets advisor on the transaction. Ware Malcomb is the architect, and CBRE’s Kevin Cosca and Pete Wentis are handling the leasing assignment.
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- ◦Development
