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

Seven-year-old Israel Maldonado was last seen in Phoenix on April 17, 2024, with his father. (Arizo...

KTAR.com

Police looking for boy last seen with father, who allegedly assaulted child’s mother in Phoenix

Authorities are searching for a 7-year-old boy who was last seen with his father Wednesday after the man allegedly assaulted the child's mother.

30 minutes ago

Split image with a band playing in front of a Mesa mural on the left and an aerial view of the Mesa...

Kevin Stone

7th annual Mesa Music Festival gives emerging artists their turn in spotlight

Dozens of emerging musical artists will show off their chops this week during the seventh annual Mesa Music Festival.

2 hours ago

The Arizona Department of Transportation asked the public for input on Wednesday. (File photo by Da...

KTAR.com

ADOT seeking public input to update Arizona’s highway safety strategic plans

The Arizona Department of Transportation wants the public to share their thoughts on the future of the state's highways.

3 hours ago

Fans participate in the NCAA Men's Final Four Dribble at Fan Fest on April 7, 2024 in Phoenix, Ariz...

Damon Allred

Phoenix’s Final Four Fan Fest achieves Zero Waste mark

Final Four Fan Fest was a success at the Phoenix Convention Center, as it reached a Zero Waste mark determined by waste diversion.

3 hours ago

Ernie the tamandua is the Phoenix Zoo's newest animal...

KTAR.com

Phoenix Zoo welcomes newest resident, a tamandua named Ernie

The Phoenix Zoo invited the public to come and visit its newest resident, a young tamandua named Ernie, in a Wednesday announcement.

3 hours ago

Phoenix was awarded a $1.2 million grant from the Federal Transit Administration. (Valley Metro Pho...

KTAR.com

Phoenix receives $1.2 million grant to help with transportation development projects

Phoenix has received a $1.2 million grant from the Federal Transit Administration intended for projects that boost transportation options and access in the city.

11 hours ago

Sponsored Articles

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

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