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$30M Mixed-Use Project Rising on Mesa's Horizon

MESA, AZ-The 210,000-sf Stapley Corporate Center promises class A office and retail space in a submarket that has experienced very little new construction over the last three years. If the plan stays on course, ground could break in December.

By Lee Simmons | Updated on June 23, 2004

MESA, AZ-A new development firm is moving forward with an estimated $30-million, mixed-use project to introduce 210,000 sf of office and retail space to the Mesa submarket next summer. If all goes as planned, the Stapley Corporate Center could break ground in December.

“It’s a special project,” Bruce Gillespie, a principal with Desco Southwest-Phoenix, tells GlobeSt.com. “There’s been no office construction of any significance for the last three years so there appears to be pent-up demand for space. Our tenant mix will probably be similar to the Stapley Center, with service-oriented companies.”

Desco Southwest-Phoenix is in escrow for the site–located on the northwest corner of Stapley Drive and Baseline Road–with the Scottsdale office of Denali National Trust Inc. of Fairbanks, AK. With a final closing expected in November, ground could break as soon as a month later, says Gillespie, who helped start the subsidiary of St. Louis-based the Desco Group with his wife last year. The firm is seeking preliminary planning approvals from the City of Mesa.

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