A development project by Scottsdale Invenstment Management (SIM) and Lapour Partners is set to begin construction later this year. The 101-acre industrial development project will front the 202 Freeway near Phoenix-Mesa Gateway Airport and will greatly help in boosting the area’s booming industrial sector.
Ed Grant, Executive Vice President of SIM said, “We wanted to develop the site and take advantage of the long-term potential the area has to offer. The opportunity to co-develop with LaPour Partners and capitalize on the fact that our firms both value quality, design and industry relationships was too good to pass up, and we’re excited about our new venture together.”
Scottsdale Invenstment Management (SIM) and Lapour Partners has numerous new entries and this development project is part of their expansion. The new development is expected to accommodate distribution and manufacturing uses.
Jeff LaPour, President and CEO of LaPour Partners stated, “We believe this is an ideal location for a Class A large-scale industrial park thanks to the property’s proximity to the 202 Freeway, Phoenix Mesa Gateway Airport and the explosive population group that the East Valley is experiencing.”
Lapour also added, “We are excited to bring this project to market and look forward to accommodating the growth of new companies seeking the highest quality, best located buildings in the east Valley market. We are optimistic about the Phoenix marketplace for multiple product types and are pleased to be involved in several submarkets in the commercial real estate industry locally.”
The proposed vast industrial development project is currently under review, waiting for approval from the City of Mesa.