By inBusiness PHX
IndiCap, a commercial real estate firm specializing in industrial investment and development throughout the Southwest U.S., and VAC Development, a real estate investment and operating company, have officially announced the groundbreaking of Bethany Bay, a new Class A shallow bay industrial project in Glendale, Arizona.
Located at 16830 and 16840 W Bethany Home Road along the high-demand Loop 303 corridor, the $31 million development marks a first-of-its-kind entry into the shallow bay market in the West Valley – a product type rarely seen in this region and even more rarely funded by third-party capital.
Spanning approximately 136,800 square feet across two buildings, Bethany Bay is designed to accommodate multiple industrial users in flexible, move-in-ready spaces.
