Phoenix's industrial landscape will add a $25 million investment to aid the West Valley's logistics and supply chain dynamics.
Real estate lender BridgeInvest closed a construction loan on a distribution warehouse facility spanning 13.3 acres at 9755 N. El Mirage Road, in El Mirage. The project will be a one-story distribution center encompassing 216,688 square feet.
Construction is set to begin this month with an expected completion in July 2024.
The project is a joint venture between Silver Creek Development and Stonemont Financial Group.
Situated in the West Valley industrial submarket of Phoenix, this facility will be an integral part of national supply chains. As a link between the key ports of Los Angeles and Long Beach, Phoenix's West Valley facilitates the flow of goods throughout the U.S.
The submarket has experienced exponential growth over the past decade, fueled by infrastructural enhancements and population expansion, attracting major corporations in need of large, purpose-built facilities.