ARIZONA NEWS

Real estate company IndiCap buys 113 acres near Phoenix-Mesa Gateway Airport

Apr 27, 2022, 4:00 PM
(IndiCap Screenshot)...
(IndiCap Screenshot)
(IndiCap Screenshot)

PHOENIX — A Nevada-based commercial real estate company has made its first foray into Arizona, buying 113 acres of land near Phoenix-Mesa Gateway Airport.

IndiCap’s $48 million purchase, a joint venture with AECOM-Canyon Partners, will consist of 10 buildings with over 1.6 million square feet of industrial buildings.

The project, called Eastmark Center of Industry, is located within the Elliot Road Technology corridor.

“We are excited to kick off our first project in Phoenix’s burgeoning commercial real estate market,” Jason Kuckler, a principal with IndiCap, said in a press release.

“This location was strategically selected to allow for easy access through multiple freeway entrances and it offers an incredible opportunity to lease and purchase buildings amongst some of the biggest household names.”

The buildings will be between 83,200 square feet to 426,400 square feet.

IndiCap plans to pursue more land in the Valley, targeting projects in Phoenix, Mesa and Gilbert.

“We see Phoenix as an industrial juggernaut in the Western U.S. which could quickly mature into a core market,” Kuckler said.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...
KTAR.com

Maricopa County approves additional $35M for affordable housing units

The Maricopa County Board of Supervisors this week approved another $35 million in federal relief funding to develop more affordable housing units in the area. 
12 hours ago
Firearms on display at the Legendary Guns store in Phoenix in 2018. (File photo by Daria Kadovik/Cr...
Neetish Basnet | Cronkite News

Arizona gun sales expected to surge, again, after mass shootings

Gun sales in Arizona have surged in recent years and experts say they could jump again after recent mass shootings.
12 hours ago
A man is in custody after more than 1,200 catalytic converters were recovered from a storage unit i...
KTAR.com

Man arrested after 1,200 catalytic converters found in Phoenix storage unit

A man was arrested Thursday after police recovered over 1,200 catalytic converters in a Phoenix storage unit.
12 hours ago
(Facebook File Photo/Lake Pleasant Regional Park...
Luke Forstner

Valley expert shares lake safety tips for Memorial Day weekend

People looking to cool off at a lake this Memorial Day weekend are asked to do so safely after a string of drownings.
12 hours ago
VR equipment and a version of the TASER 7 that utilizes VR technology for training, is demonstrated...
Taylor Tasler

Phoenix Police use virtual reality headsets to train for calls in the field

The Phoenix Police Department is one of the first law enforcement agencies in the country to use virtual reality to provide officers training in the field. 
12 hours ago
(Facebook Photo/Phoenix Fan Fusion,  Alexander Tamargo/Getty Images for The Latin Recording Academy...
KTAR.com

Weekend guide: Here are the biggest events around the Valley for May 27-29

Need something to do? Here's a look at some of the biggest events happening around the metro Phoenix area for the weekend of May 27-29.
12 hours ago

Sponsored Articles

...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
...
Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

ADHS mobile program brings COVID-19 vaccines and boosters to Arizonans

The Arizona Department of Health Services and partner agencies are providing even more widespread availability by making COVID-19 vaccines available in neighborhoods through trusted community partners.
Real estate company IndiCap buys 113 acres near Phoenix-Mesa Gateway Airport