SkyPlus Secures Financing for Two Phoenix-Area 250K SF Industrial Buildings
CBRE has secured $42.7 million in construction financing for two industrial buildings that will be part of Skybridge Arizona’s master-planned development adjacent to the Phoenix-Mesa Gateway Airport in Mesa, Ariz. Each building will be 250,000 square feet each. Once completed, the overall 363.5-acre development, South of Loop 202 in Mesa, will include 22 buildings for both aeronautical and commercial development.
Bruce Francis led a CBRE team in Phoenix that secured the three-year interest-only construction loan financing on behalf of SkyPlus Development Corp.
Mr. Francis added, “This location has the unique advantage of being a joint U.S.-Mexico Customs inspection facility. As a tax-exempt property, future tenants will benefit from lower common area maintenance expenses associated with these buildings.” Both buildings are expected to be delivered in early 2024.