Creation, an Arizona commercial real estate developer, has been given the green light to move ahead with construction of a 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city.
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New Development
16-acre industrial park coming to Tempe
Real estate developer Creation moves forward with the construction of a 16-acre industrial park in Tempe.
Courtesy Creation
Posted
The three-building, 274,000-square-foot development is located on the southeast corner of Elliot Road and Hardy Drive.
Courtesy Creation
Creation, an Arizona commercial real estate developer, has been given the green light to move ahead with construction of a 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city.
Nexus Commerce Center is a three-building, 274,000-square-foot development located on the southeast corner of Elliot Road and Hardy Drive, a press release explained.
These buildings will replace the vacant Elliot Corporate Center, once anchored by the University of Phoenix as a call center. The existing two-story building will be demolished to make way for the new development.
“We are excited to expand our portfolio into Tempe and reimagine the existing functionality of an obsolete call center into a state-of-the-art industrial development,” Grant Kingdon, principal at Creation, stated in the release. “This project will appeal to a wide variety of tenants from virtually all industries and can cater to tenants as small as 15,000 square feet to as large as 100,000 square feet.”
Nexus Commerce Center has been designed and will be built by LGE Design Build, a design-build construction firm. Creation has brought on Amherst and CrossHarbor Capital Partners as financial partners.
Mike Haenel, Andy Markham and Phil Haenel of Cushman and Wakefield will oversee the leasing and are currently fielding pre-lease inquiries. Site work will begin in October and completion is expected in the third quarter of 2025, according to the release.
Creation remains very active throughout the Phoenix metro with several new industrial developments underway, including the development of Ten85 in Buckeye, Midway Commerce Center in Chandler and Park Algodon in Phoenix.
In total, these industrial developments cover over 6.5 million square feet with a value of over $1.5 billion, the release stated.
