California-based Menlo Equities has proposed to replace a mostly vacant Phoenix office park with a 1.1M SF research and development hub that will combine data centers with R&D space.
The project, to be known as the East Thistle Data Center, envisions five buildings, each about 207K SF. Located on a 40-acre site in the Ahwatukee neighborhood in southeast Phoenix, the East Thistle hub was approved last month by the Ahwatukee Foothills Village Planning Committee, according to a report in the Phoenix Business Journal.
The East Thistle project is expecting to get final approval from the Phoenix City Council. Menlo Equities, based in Menlo Park in Silicon Valley, acquired the Phoenix site in 2015 in two transactions totaling about $53M. The site currently has four buildings on it, including a call center.
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