PHOENIX-Following its 9.4-acre purchase of land in the Deer Valley submarket, local developer MACK Co. is ready to launch construction on the 169,000-square-foot MACK Pinnacle. The two-building, industrial development is the first class A spec to be built in the submarket in eight years.

MACK Co. bought the land near Pinnacle Peak Road and 7^th Street from 7^th Street & Airport Drive II LLC for a little more than $2.6 million. Steve Sayre, Pat Harlan, Kyle Westfall, M ark Detmer and Bo Mills with Jones Lang LaSalle represented MACK Co. Luke Lewis of Luke Land Realty represented the seller.

According to JLL, MACK developed approximately 500,000 square feet of industrial product in the submarket almost a decade ago. Their new project, MACK Pinnacle, will encompass two Class A industrial buildings, one at 90,575 square feet and 30-foot clear height and the other at 78,281 square feet and 24-foot clear height. Additional features include A-1 light industrial zoning, ESFR sprinkler system and a location on a major intersection with immediate access to the two main transportation corridors in the submarket, Interstate 17 and the Loop 101 freeway.