Developers target TSMC’s suppliers for planned Phoenix industrial park

Article originally posted on CoStar on August 13, 2026

Developers are planning one of Phoenix’s biggest industrial projects to capture demand from businesses tied to the state’s chipmaking boom.

Mack Real Estate Group and McCourt Partners announced a seven-building industrial park totaling more than 780,000 square feet as part of Halo Vista, a planned mixed-use development taking shape on 2,300 acres to the north of Taiwan Semiconductor Manufacturing Co.’s emerging chipmaking campus.

The industrial buildings will range from 43,000 to 203,000 square feet and will be developed to attract suppliers and service providers, advanced manufacturers and distribution users serving TSMC.

TSMC, which makes chips on behalf of customers such as Apple and Nvidia, announced a $100 billion investment in its Arizona operations last month, bringing its total planned commitment to $265 billion.

Suppliers and contractors are rushing to find space near that growing campus, making available space in immediate proximity to the chipmaker much more coveted.

Mack Real Estate Chief Executive Richard Mack said in a statement that industrial-zoned land is constrained in the immediate area of TSMC and that Halo Vista will provide turnkey, top-of-the-market buildings.

Halo Vista and TSMC are in Phoenix’s Deer Valley/Pinnacle Peak industrial submarket, where the vacancy rate of 8.1% is a few ticks below the marketwide mark of 10.8%, according to CoStar.

Industrial brokers working in Deer Valley are grappling with high demand from tenants, but also a limited amount of space and the potential for rising asking rents.

Halo Vista was designed to create thousands of jobs and provide the space across several industry sectors connected to TSMC. The concept for the park was created to help woo TSMC a decade ago.

Mack Real Estate paid $56.3 million for the land through an Arizona State Land Department auction in May 2024, and project stakeholders have spent years getting the site ready for vertical development before breaking ground in late March.

“Bringing semiconductor production and other critical technologies back to the United States is of national significance, and it requires an entire ecosystem around it,” said Jordan Lang, president at McCourt Partners, in a statement to CoStar News.

The industrial park marks just the beginning of development at Halo Vista. The project will ultimately span approximately 30 million square feet of mixed-use development that will include a manufacturing hub, research and education districts, office space and up to nearly 9,000 multifamily units.

Early known users at Halo Vista include a Costco, an auto mall and a 253-key Courtyard and Residence Inn. The dual-branded hotel is part of an initial 11-acre retail and hospitality component, branded as The Shops at Halo Vista.

“This is a generational opportunity, and our focus is on putting the pieces in place that allow Halo Vista to evolve alongside that opportunity rather than developing each use in isolation,” Lang said.

CBRE will handle leasing and sales for Halo Vista’s initial industrial park. The industrial park will be designed by Ware Malcomb, with a general contractor still to be announced.