Developer Plans 600-acre Mixed-Use Site with Industrial Center South of Phoenix

Article originally posted on Phoenix Business Journal on April 21, 2023

A Las Vegas industrial developer is eyeing 600 acres for a new industrial center and mixed-use campus south of Phoenix that will represent an investment of more than $1 billion.

Through two new projects in Casa Grande, IndiCap has proposed an industrial park called Nexus Industrial, which will comprise about 5.2 million square feet of building space, and Casa Blanca, which will feature retail, multifamily, manufactured housing and another nearly 2 million square feet of industrial space.

Nexus Industrial will include both build-to-suit and speculative industrial product across 323 acres located at the northwest corner of Interstate 10 and Cottonwood Lane.

A conceptual site plan shows that the property could fit about 10 buildings ranging in size from 141,888 square feet to as large as 1.3 million square feet about half a mile south of a future freeway interchange and near the potential expansion of I-10 from Chandler to Florence Boulevard.

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An example of an industrial building that Las Vegas-based IndiCap plans to build at its Valley projects.