November 25, 2024 3:57 am
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Las Vegas developer buys land near Apple, Amazon, Facebook in Mesa for industrial development

Map showing where IndiCap acquired land in southeast Mesa. (Via INDICAP)

By Brandon Brown | Phoenix Business Journal

Las Vegas-based real estate investment firm IndiCap has made its first of several moves in the Phoenix area by acquiring 113 acres in southeast Mesa for a huge industrial development in between Apple’s and Meta’s data centers.

IndiCap, along with their partner in the venture AECOM-Canyon Partners, paid $48 million for the two parcels. The joint venture industrial project is being called Eastmark Center of Industry, and it will contain 10 buildings totaling over 1.6 million square feet of mid-bay and cross-dock industrial buildings.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.