Michigan developer enters Phoenix market with $100M industrial plan Article originally posted on Phoenix Business Journal on April 15, 2026 A Michigan-based developer has entered the Phoenix market with a new portfolio of properties in the Deer Valley area. Martin Commercial Properties plans to spend about $100 million to acquire and develop new small-bay industrial projects in the area and has already closed on three properties with two more planned, according to Cutler Martin, managing director of Martin Commercial Properties. In December the firm acquired about 6 acres of vacant industrial land at 2101 W. Pinnacle Peak Drive for $5,828,000, then in March it bought about 4.7 acres at 625 E. Pinnacle Peak Drive for $6,295,000, according to real estate database Vizzda. Most recently, it purchased about 4.5 acres at 2117 W. Whispering Wind Drive on April 10 for $4.9 million. DAUM Commercial Real Estate’s Bob Lundstedt, Skip Corley, Chase Heinemann and Joe Jackson represented Martin in those deals. Martin is planning to break ground on the first project this summer – a new small bay industrial product at 2117 W. Whispering Wind Drive. Units will range from 3,000 to 12,000 square-feet and cater to semiconductor suppliers moving into the area that need smaller spaces. As TSMC ramps up its operations in north Phoenix, industrial activity is ballooning in the nearby Deer Valley area with suppliers and contractors driving demand. One massive new industrial development in the area is Mack Innovation Park, which is located off Interstate 17 and the Loop 101, and currently includes over a million square-feet of industrial space. The first phase of the project has already sold, and Mack is now selling off additional adjacent land it owns to global semiconductor suppliers looking to develop their own industrial buildings for their specific uses. Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2026/04/14/martin-commercial-deer-valley-industrial-tsmc.html