By AZRE | AZ Big Media
A new industrial developer has arrived in Arizona, and it’s one that is going to be popping up more and more across the Phoenix market. US Capital Development, which is based in St. Louis, MO and has several active projects east of the Mississippi, broke ground on its first development in Arizona recently. Falcon Park 303 Phase I will be a 599,468 square foot speculative industrial product located along the red-hot Loop 303 Corridor in Glendale.
US Capital Development Managing Partner and CEO Scott Sachtleben noted during the groundbreaking ceremony that their firm has grown rapidly in its last four years of operation, quadrupling in staff size, with remarkable talent and developing nearly $2 billion of product while doing so.
“Within the next 12 months, we’ll have another $1 billion of vertical development in the queue,” Sachtleben said. “This is our first entry into the Phoenix valley and we’re excited about the potential that we see here in Glendale. We’re very anxious to get going.”
