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ViaWest, Barings Ink $107M Construction Loan for Deer Valley Warehouse Project
ViaWest Group and Barings obtained $107 million in construction financing for reDiscover Logistics Park, an 808,448-square-foot industrial development situated at 2402 W. Beardsley Rd. in Phoenix, Arizona.
The project encompasses four industrial buildings located on 43.5 acres in the Deer Valley submarket. It is positioned adjacent to the Loop 101 and Interstate 17 interchange. The property sits approximately 15 minutes from Taiwan Semiconductor Manufacturing Company’s $165 billion manufacturing facility, positioning it to capitalize on the influx of suppliers and support businesses attracted to the semiconductor hub.
ReDiscover Logistics Park will feature individual building sizes ranging from 189,280 to 212,000 square feet.
Construction has commenced, with project completion anticipated for the first quarter of 2027.
The JLL team that arranged the loan was led by Kevin MacKenzie, Jason Carlos and Lilley Kroll.
“We’re seeing unprecedented demand in the Deer Valley submarket driven by TSMC’s transformational investment and the broader semiconductor supply chain ecosystem it’s creating,” said Carlos.
- ◦Financing
