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December 15, 2007 - 8:28AM
Northeast Mesa to get business park
Misty Williams, Tribune
Development of office and industrial projects is humming along in northeast Mesa, though the Valley commercial market is slowing from its breakneck speed of recent years.
Construction is set to begin in the second quarter of 2008 on Red Mountain Business Park.
Read Misty Williams' blog, From the Ground Up
The more than 250,000-square-foot industrial center will be located on 20 acres just south of Loop 202 and east of Greenfield Road in Mesa. It will have eight heavy industrial buildings ranging in size from roughly 18,000 to more than 60,000 square feet.
Development in the area has just started to take off in the last few years because of the completion of the Red Mountain Freeway section of Loop 202, said Marc Pierce, a principal at commercial brokerage Lee & Associates in Phoenix.
“There really has been a lack of quality development,” Pierce said.
Located near Falcon Field airport, the Red Mountain project is well-suited for aviation-related businesses, manufacturers and other general industrial companies, he said. Construction could take a year.
Park Place II
The first phase of a major mixed-use commercial development is nearing reality in Chandler.
Park Place II will sit on 38 acres just east of the northeast corner of Price and Willis roads.
The project, which will have another phase farther west, is part of the development of 156 acres in the area with offices, a hotel and other uses.
The Park Place II business park will include six buildings totaling more than 500,000 square feet of space, and will sit next to a Hilton Hotel.
Its developer, California-based Douglas Allred Co., could break ground in the next six months or so once the project is approved by the city, planner Kevin Mayo said. The project could take two years to build, Mayo said.
“It could go longer depending on whether the office market speeds up or slows down,” he said.
Broadway 101
A new industrial park in west Mesa has added another tenant. Premier Document Shredding recently leased 6,500 square feet of space in Broadway 101 Commerce Park on Broadway Road west of Dobson Road.
Construction on the second phase of the $95 million project began earlier this year with space set to be delivered in early 2008.
The center is being built in two stages, each totaling 400,000 square feet. The first phase was completed in May. Other tenants include Southern Medical Distributors, air conditioning dealer ACR, NAPA Auto Parts and Perkinson Reprographics.
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