IndiCap and AECOM-Canyon Partners have broken ground on Eastmark Center, a 113-acre industrial park in Mesa, Arizona. The groundbreaking took place at the Gateway Airport submarket in Mesa, with JLL and officials of Mesa City present.
Earlier this year, Indicap group purchased the 2-parcel project site for $48 million in preparation for the Eastmark Center project. The property is within the Eastmark master-planned community, which is right at the heart of Mesa Gateway’s submarket. According to Indicap, this land acquisition marked its entry into metro Phoenix and paved the way for its bullish expansion.
At the groundbreaking, IndiCap’s principal, Mike Chernine, said Eastmark Center would be the first of IndiCap’s metro Phoenix projects. He also praised the location of the new industrial park. Especially since it provides immediate access to the robust local freeway system and Gateway Airport. According to Chernine, these connections will eventually open doors to a wide range of tenants and uses.
Development plans for the Eastmark Center industrial park
The Eastmark Center industrial park will provide Class A industrial buildings ranging between 83,200 square feet and 426,400 square feet. These buildings will span over 1.6 million square feet and provide amenities such as mid-bay and cross-dock facilities.
Additionally, the buildings will also offer clear heights of 30’ to 36’ and 160’ to 500’ building depths. Parking stalls will also be available on the property which could be between 93 and 474 in number. On top of that, developers also have future plans to include build-to-suit infrastructure as part of the project.
Layton has been hired as the general contractor for the Eastmark Center project. Meanwhile, Kimley Horn is serving as the project’s civil engineer and Deutsch Architecture is the architect. The leasing arrangements for the project will be handled by Steve Larsen, Pat Harlan, and Jason Moore of JLL.
Mesa city’s Mayor John Giles welcomed the Eastmark Center project to the city. Giles said the new industrial park was an exciting addition that will serve the needs of those eager to settle in Mesa. Therefore, he said the city was happy to start this new relationship with IndiCap and AECOM.