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Phoenix & Southwest  + Phoenix  + Industrial  | 
Deer Valley

North Phoenix Continues to Pop, CRE-Wise

North Phoenix is trending upward – and upward – building on a phenomenal, record-setting year for deals and development from 2020. And 2021 showed further growth. Now, 2022 is shaping up to show the area north of the Valley of the Sun is not slowing.

Much of that growth is due to activity not only in the industrial space, but also from multifamily markets. (The residential real estate market is no slouch, either.)

One of the large drivers of activity in North Phoenix (a.k.a., Deer Valley) is Taiwan Semiconductor Manufacturing’s $12-billion facility, which is under construction and in its first phase.

In marketplace conjunction with Taiwan Semicondutor’s commitment, Sunlit Chemical, a supplier of semiconductor-grade hydrofluoric acid, has been the first user to commit at the site. The Taiwan-based company bought 17 acres of land from Mack and is building a $100-million facility at the site, near Seventh Avenue and Alameda Road.

Photo credit: Chris J.

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