Phoenix-based developer Creation and its institutional capital partner Clarion Partners have completed construction on Park Algodon, a $250 million Class A industrial and mixed-use development spanning approximately 86 acres at the northwest corner of Loop 101 and Indian School Road in West Phoenix. The campus — designed, engineered, and built by LGE Design Build on time and within budget — delivers 1.3 million square feet of industrial space across four completed buildings with a fully permit-approved fifth building, alongside a separate seven-acre mixed-use retail and dining precinct that introduces a new street-level activation to one of the West Valley’s highest-visibility freeway frontages. Park Algodon represents the largest speculative industrial completion in Phoenix’s West Valley submarket in recent years, and its mixed-use component distinguishes it from the region’s standard single-use logistics parks.

Four Buildings, 32- to 40-Foot Clear Heights, and a Ready Permit for Phase 2

The industrial portion of Park Algodon was delivered in two phases on the framework of a joint venture between Creation and Clarion Partners — one of the United States’ largest real estate investment management firms. Phase 1, now fully completed, comprises four speculative industrial buildings totalling 725,000 square feet, with individual tenant accommodations ranging from 30,000 square feet for smaller occupiers to a full-building option of 317,000 square feet for large-format logistics or distribution users. The buildings have been designed to Class A industrial specifications that match the standards now expected by sophisticated tenants across the Phoenix metropolitan area: minimum clear heights of 32 to 40 feet, which accommodate modern high-bay racking and automation systems; ample three-phase electrical power provision; abundant employee parking at ratios that support high-headcount warehouse and distribution operations; and dock-high and grade-level loading configurations suited to a range of goods-handling workflows.

Project Fact Sheet: Park Algodon

Project Name: Park Algodon

Location: Northwest corner of Loop 101 and Indian School Road, West Phoenix, Arizona, USA

Total Project Cost: $250 million

Total Site Area: ~86 acres

Industrial Phase 1 (Complete): 4 buildings / 725,000 sq ft (tenant range: 30,000–317,000 sq ft)

Industrial Phase 2 (Permit-Approved): 1 building / 556,000 sq ft

Total Industrial at Full Buildout: ~1.28 million sq ft

Clear Heights: 32–40 ft minimum

Mixed-Use Component: The Shops at Park Algodon — 7 acres; 14,000+ sq ft (2 buildings)

Confirmed Retail Tenants: Einstein Bros. Bagels; Chipotle; Luna Grill; Zara Nail Bar

Completion Date: March 2026

Design-Build Contractor: LGE Design Build

Industrial Leasing Brokers: Cushman & Wakefield (Andy Markham and Phil Haenel)

Mixed-Use Leasing Brokers: Avison Young (Matt Milinovich and James DeCremer)

Project Team: Park Algodon

Developer (Industrial JV): Creation + Clarion Partners (joint venture)

Developer (Mixed-Use, sole): Creation

Creation Principal (Mountain West): Grant Kingdon

Creation COO: Alex Bez

Institutional Equity Partner (Industrial): Clarion Partners

Design-Build Contractor: LGE Design Build

Industrial Leasing: Cushman & Wakefield — Andy Markham and Phil Haenel

Mixed-Use Leasing: Avison Young — Matt Milinovich and James DeCremer

Phase 2 of the industrial campus — a single building of 556,000 square feet — is permit-approved and shovel-ready, giving Creation and Clarion the flexibility to commence construction on the largest building in the programme immediately upon securing a tenant or making a speculative commitment decision. The Phase 2 building’s scale positions it as one of the largest single-user industrial options available in the West Valley submarket, capable of accommodating a major e-commerce fulfilment centre, regional distribution hub, or large-scale manufacturing occupier. The combined campus at full industrial buildout — 725,000 square feet completed plus 556,000 square feet permitted — totals 1.28 million square feet, effectively delivering a critical mass of modern logistics real estate at a location that had historically been severely underserved by new industrial supply despite its exceptional freeway accessibility.

Creation, LGE Design Build, and the Team That Delivered Park Algodon

Creation — founded and operated as a Phoenix-headquartered real estate developer with a focus on industrial, mixed-use, and master-planned community projects across the Mountain West region — approached Park Algodon as a signature West Valley infill opportunity: a site with freeway-visible, high-access characteristics that had long gone underdeveloped while the surrounding submarket starved for new inventory. Grant Kingdon, principal of Creation’s Mountain West Region, has underscored the project’s significance for the local industrial market, describing the Park Algodon corridor as one that has historically lacked the modern product that regional and national occupiers increasingly require. Alex Bez, Creation’s chief operating officer, characterised the full build-out of the project as a meaningful milestone not only for the development team but for West Phoenix as a whole.

LGE Design Build served as the integrated design-and-build contractor responsible for both the architectural programme and the physical construction of Park Algodon’s industrial buildings. The firm’s design-build delivery method — in which the same organisation holds responsibility for both design and construction, operating under a single contract with the developer — is well-suited to speculative industrial development, where schedule certainty, cost control, and the ability to adapt design details in real time as market conditions evolve are competitively significant. Kingdon specifically credited the LGE team for delivering the project on time and within budget — a construction performance benchmark that Creation and Clarion Partners would have prioritised from the outset given the speculative nature of the development and the carrying costs that accrue on an untenanted industrial campus.

Industrial leasing across the completed Phase 1 buildings is being managed by Cushman & Wakefield, with Andy Markham and Phil Haenel leading the marketing and tenant representation effort for one of the most prominent new industrial listings in the Phoenix West Valley. The mixed-use retail leasing is handled by Avison Young’s Matt Milinovich and James DeCremer.

The Shops at Park Algodon: Freeway-Visible Retail Returns to a Supply-Starved Corridor

Separate from the industrial joint venture with Clarion Partners, Creation independently developed The Shops at Park Algodon — a seven-acre mixed-use retail and dining component totalling more than 14,000 square feet of rentable area across two buildings, designed with modern architecture and prominent freeway visibility from Loop 101. The Shops represent a deliberate effort to create a destination that serves two distinct customer bases simultaneously: the growing workforce employed within the Park Algodon industrial campus itself, and the residential neighbourhoods that surround the site in a densely populated portion of the West Valley. Both buildings are being turned over to tenants within 30 days of the completion announcement, with openings anticipated across confirmed tenants later in 2026.

The confirmed tenant roster at The Shops at Park Algodon reflects the fast-casual and specialty dining formula that has proven most resilient in employment-adjacent retail: Einstein Bros. Bagels, Chipotle, and Luna Grill are among the signed operators, alongside Zara Nail Bar. This combination of national brand recognition — which drives consistent traffic from the employment base and surrounding community — and locally relevant specialty operators gives The Shops a tenant mix calibrated for daily convenience rather than destination retail. A small number of remaining suites, ranging from approximately 1,100 to 2,600 square feet, remain available for lease as of the project’s completion, indicating strong pre-opening leasing velocity. The retail activation at Park Algodon is notable within the West Valley industrial context: purpose-designed, freeway-visible retail amenities have historically been underrepresented in the region’s logistics corridors, and The Shops’ placement at a high-traffic Loop 101 interchange gives the tenant mix the visibility and pedestrian access it needs to compete.

West Phoenix’s Industrial Market and the Significance of Park Algodon

Park Algodon arrives at a moment of sustained strong demand in metro Phoenix’s industrial real estate market — driven by a convergence of factors that include continued e-commerce growth, the reshoring and nearshoring of US manufacturing and distribution operations, the expansion of semiconductor and advanced manufacturing supply chains catalysed by major investments in the broader Phoenix metro, and the city’s growing role as a logistics gateway between California’s port economy and the interior Southwest. Phoenix recorded net industrial absorption of approximately 15 to 17 million square feet in each of 2023 and 2024, with the West Valley submarket — anchored by the Loop 101 and Interstate 10 corridors — accounting for a disproportionate share of new demand as land availability, freeway access, and labour pools draw tenants from the tighter central and east valley submarkets.

Park Algodon’s specific location at the Loop 101 and Indian School Road interchange positions it at the precise intersection of the West Valley’s two most important logistics axes: the Loop 101 freeway, which provides north-south connectivity through Glendale, Peoria, and Avondale to the broader regional highway network; and Indian School Road, a major east-west arterial that provides access to central Phoenix employment centres and residential communities. For logistics and distribution users whose tenant selection criteria weight proximity to both the freeway system and a labour-accessible residential catchment area, the site’s dual-frontage freeway visibility and arterial access make it among the most competitively located new industrial product in the submarket. Creation’s ability to deliver 1.3 million square feet of completed, purpose-designed Class A industrial space at this location — with an additional 556,000 square feet permit-ready — alongside a tenanted mixed-use component, marks Park Algodon as a model for integrated employment campus development in the land-constrained Western infill markets of greater Phoenix. This industrial expansion is mirrored by even larger regional investments, such as the Logistics Park Phoenix, a $3.2 billion intermodal and logistics hub in Arizona, which aims to transform the state’s role in the global supply chain.