Stream Realty Partners Inks Rep Deal for 3 Million Sq Ft Industrial Complex
Mack Real Estate Group (MREG) has appointed Stream Realty Partners as the leasing agent for Mack Innovation Park in the Phoenix suburb of Deer Valley. MREG recently started work on the first of seven buildings of an estimated 3 million square foot industrial complex. It’s located just 6 miles away from Taiwan Semiconductor Manufacturing Corporations’s $17 billion facility.
The noncontiguous sites making up the first phase of 917,000 square feet, range in size from 63,000 square feet to 208,000 square feet and can accommodate users needing as little as 4,800 square feet.
“The state-of-the-art development located within one of the most product-constrained submarkets in Greater Phoenix promises to provide a great solution for advanced manufacturers, distributors, tech companies and other industrial users,” said Stream’s James Cohn.
Delivery for Phase I is due in 2023. A second phase with an additional 409,000 square feet will also be ready some time next year. The remainder will come as the demand grows.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!