Mack Plotting $38-Mil Spec Industrial Project

PHOENIX-Come September, dirt will begin flying on a $38-million flexible industrial project in north Phoenix. The Phoenix office of the Mack Co., a New Jersey-based development firm, is planning a 450,000-sf spec industrial project, the Mack Deer Valley Commerce Center on 40 acres on the east side of 19th Avenue.

“We should get some of the users that you see in the Scottsdale Airpark that don’t want to pay those types of rates or those tenants that are looking for a high-end development that is close to the freeway interchanges,” Mark Becker, a partner with the Mack Co., tells GlobeSt.com. The site is less than a mile from Interstate 17 and a mile north of the newly opened Loop 101. The Deer Valley Airport lies just a half-mile to the northeast of the project site, which is between Deer Valley Road and Rose Garden Lane. Becker says that development costs are somewhere around $85 per sf.

In the project’s first phase, Mack plans to build 44,000-sf and 125,000-sf flex industrial buildings, Becker says. The plans are awaiting city approval.