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Transactions - JANUARY 11, 2022

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Wharton Industrial purchases 100-acre site in Mesa, Ariz., to build $225m, 1.5msf industrial park

by Andrea Zander

Wharton Industrial has acquired a 101-acre parcel of land in Mesa, Ariz.

The company plans to invest more than $200 million to develop an 11-building, 1.5-million-square-foot class A industrial park, to be known as “The HUB @ 202.” The buildings will range in size from 65,000 square feet to 270,000 square feet and will feature 28- to 32-foot clear heights, 73 trailer parking spaces, 60-foot speed bays and 1,429 car parking spaces.

Wharton Industrial and Madison Ventures Plus received $224.07 million in acquisition and construction financing for The HUB @ 202, which was provided by MSD Capital, LP, the family office of Michael Dell. Construction is set to begin in second quarter 2022.

“Wharton is a strong believer in the growth of the industrial market in the Intermountain West region, as more companies and individuals relocate for a more hospitable business climate and better quality of life. Markets like Mesa are becoming part of the ‘digital desert,’

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