November 22, 2024 12:38 am
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Eastmark Center of Industry breaks ground in Mesa

By AZRE

IndiCap and AECOM-Canyon Partners joined JLL and the City of Mesa to break ground on Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona. At completion, the park will total 10 buildings and more than 1.6 million square feet of mid-bay and cross-dock Class A industrial buildings.

IndiCap purchased the project site in April 2022 for $48 million, marking its entry into metro Phoenix and the start of a bullish expansion in the market. IndiCap now has a total of 10 projects with over 13 million square feet of Class A industrial space planned or under development in sought-after industrial corridors including the Loop 303, Central Phoenix, Mesa, Gilbert and Casa Grande.

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