Industrial Developers Enter Phoenix’s Booming Market With $560 Million Worth of Projects

Article originally posted on Phoenix Business Journal on January 28, 2022

Phoenix-based Mutual Development Partners and Los Angeles-based Silver Creek Development are making big moves in the Phoenix industrial market with multiple projects planned across the Valley.

In partnership with Phoenix-based J. Walters Construction Co. LLC, the companies are currently building or planning a total of 3.3 million square feet between dozens of buildings worth $560 million across the Phoenix metro.

The first six projects, which started construction in 2021, are in key industrial areas such as north Phoenix, Mesa, Glendale and Avondale and offer small-to-mid-sized buildings for lease or purchase, depending on the project.

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