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Mesa Developer Digs Into 30-Acre Plan

CHANDLER, AZ-Michael Pollack breaks ground on a 103,000-sf first phase as the leadoff play for the junction of Arizona Avenue and Elliott Road. Costs aren't firmed up, but build-out could bring up to 313,000 sf of office, industrial, showroom and retail.

By Lee Simmons | Updated on May 16, 2004

CHANDLER, AZ-Mesa developer Michael Pollack knew the time was right to dive back into ground-up development. Until recently a major redeveloper of shopping centers, the businessman has just started the first phase to a 30-acre that could bring up to 313,000 sf of office, industrial, showroom and retail space.

“I’ve always said that when it gets to the point when it costs me to buy what I can develop for the same money, then I’m going to go ground up,” Pollack, president of Michael A. Pollack Real Estate Investments, tells GlobeSt.com. He’s still fine-tuning the costs, but knows build-out will easily surpass $10 million.

Work is underway on Pollack Business Park North, a 10-acre first phase at the northeast corner of Arizona Avenue and Elliott Road. Phase I, estimated at $6.5 million, will deliver with 103,000 sf in five single-story buildings ranging from 11,000 sf to 22,500 sf. About half of the first two buildings has been pre-leased: 6,000 sf to a cabinet company; 4,000 sf to an interior design center; and 10,000 sf to a swimming pool contractor. Rent will average $9 per sf triple net. Delivery is set for late October.

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