North Phoenix mixed-use project adds apartments, Aldi grocery store

A mixed-use project in Deer Valley from Sunbelt Investment Holdings is progressing into its next phase with new apartments and an Aldi grocery store in the works.

Bell 17 Business Center is located off Interstate 17, along Bell Road and 19th Avenue, and right across from the Turf Paradise racetrack.

San Diego-based Sunbelt acquired the roughly 90-acre site through an Arizona State Land Department auction back in 2018, paying $26,500,000.

The first phase included building out a 101,000 square-foot industrial flex office building at 2001 W. Phelps Road. That is now currently leased to two tenants: California Closets and All Fill, which is a packaging machinery manufacturer.

The rest of the property is now set for six more industrial buildings, a multifamily project and some retail, according to a marketing brochure.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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