-+ 0.00%
-+ 0.00%
-+ 0.00%
Phoenix-Area Tribe Inks Deal with Industrial Developer for 1M-SF Warehouse Facility
Share
Listen to the news

Majestic Realty Co. and the Salt River Pima-Maricopa Indian Community (SRPMIC) have agreed to a 99-year ground lease that will serve as the foundation for a new, light industrial project serving the Community and the greater Phoenix metro area.

With an anticipated groundbreaking in 2027, the development is expected to feature up to eight Class-A light industrial buildings totaling just under one million square feet. With building sizes up to 200,000 square feet and divisible to approximately 20,000 square feet, each building will feature dock-high doors and the latest amenities and safety features found in today’s best-in-class light industrial product. The site is adjacent to the Talking Stick Resort (shown).

Approved uses include granting tenant use for food processing, bottling plants, printing and publishing, machine shop, manufacturing and distribution, among others.

The post Phoenix-Area Tribe Inks Deal with Industrial Developer for 1M-SF Warehouse Facility appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending