ARIZONA NEWS

Phoenix-based developer acquires 100 acres near Loop 101 and Indian School Road in the West Valley

Nov 4, 2023, 7:02 PM

park algodon...

Park Algodon is a two-phase speculative industrial development spread across 86 acres that totals approximately 1.3 million square feet. (Creation)

(Creation)

Creation, a Phoenix-based developer, and its joint venture partner Clarion Partners acquired nearly 100 acres in west Phoenix last week with plans for the development of a $250 million industrial and mixed-use project, Park Algodon.

The land is on the northwest corner of Loop 101 and Indian School Road and is one of the last remaining vacant land parcels formerly owned by the late John F. Long, a real estate pioneer who developed Maryvale, Arizona’s first master-planned community.

Park Algodon is a two-phase speculative industrial development spread across 86 acres that totals approximately 1.3 million square feet.

Expected to break ground by the end of the year, the first phase is comprised of four buildings totaling 670,000 square feet. The second phase is a single 556,000-square-foot building.

LGE Design Build will lead construction duties with completion expected in late 2025.

Separate from the joint venture, Creation is developing The Shops at Park Algodon on an adjoining seven acres, which will include over 14,000 square feet of restaurant and retail space, along with four pads for additional restaurant development.

The off-market deal was handled by Greg Vogel and Max Xander of Land Advisors who represented both the buyer and seller, the John F. Long family.

We want to hear from you.

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

Arizona News

File photo of a Phoenix Police SUV parked next to yellow crime scene tape. Police responded to rPol...

KTAR.com

Woman killed, man injured in crash in north Phoenix

A woman was killed and a man was injured in a two-vehicle collision in north Phoenix on Wednesday afternoon.

5 hours ago

Honduran woman sentenced to over 10 years for human smuggling...

Nick Borgia

Leader of Arizona human smuggling operation sentenced to 10 years in prison

A Honduran woman was sentenced to 10 years of prison on Tuesday after pleading guilty to human smuggling, authorities said.

6 hours ago

Four Republican candidates looking to unseat Greg Stanton in Arizona Congressional District 4 debat...

KTAR.com

Watch: Arizona Congressional District 4 Republican primary debate

Four Republican candidates looking to unseat Greg Stanton in Arizona Congressional District 4 debate on May 29 ahead of the primary.

9 hours ago

Aliyah Alpert was eliminated in the semifinals of the Scripps National Spelling Bee on May 29, 2024...

Danny Shapiro

Arizona girl bows out in semifinals of Scripps National Spelling Bee

An Arizona girl was close to her second Scripps National Spelling Bee finals appearance, but she fell just short on Wednesday.

9 hours ago

Alexander Jr.'s sentencing will be held on August 14, 2024....

KTAR.com

Tennessee man convicted on sex trafficking charges after arrest in Arizona

A Tennessee man was convicted on sex trafficking charges after he was arrested in Arizona, authorities said Wednesday. 

11 hours ago

Scottsdale fatal DUI suspect Gloria Schulze disappeared from Scottsdale for more than 20 years. (Sc...

Danny Shapiro

Here’s why a 30-year-old fatal Scottsdale DUI case has come to a conclusion

A 30-year-old fatal Scottsdale DUI case has come to a close after detectives determined last month a suspect who had been on the run and changed her name died in Canada.

12 hours ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

Phoenix-based developer acquires 100 acres near Loop 101 and Indian School Road in the West Valley