AECOM-Canyon Partners, IndiCap form warehouse JV in Arizona

AECOM-Canyon Partners and IndiCap have plans to develop a two-phase, class-A distribution and warehouse project totaling 10 buildings and 1.6 million square feet of mid-bay and cross-dock industrial buildings in the Phoenix suburb of Mesa, Ariz.

JLL worked on behalf of IndiCap to arrange the joint venture equity partnership with AECOM-Canyon Partners.

The project development started this year with the acquisition of 113 acres at Elliott and Ellsworth in the highly sought-after Eastmark master-planned community. This central location within the Mesa Gateway Industrial submarket provides a critical logistics advantage to industrial users, due to its easy connectivity across the Phoenix MSA and to major Western cities such as Denver, Salt Lake City, San Diego, Los Angeles, Las Vegas and San Francisco, in addition to providing an entry point east into El Paso, Dallas and Houston, and into Mexico. The site is also less than three miles from the Phoenix-Mesa Gateway Airp