On July 1, NAIOP announced a new name for the organization: the Commercial Real Estate Development Association, or CREDA. According to CREDA, the new branding better communicates the broad scope of commercial real estate work members engage in, such as multifamily housing, retail destinations, logistics and fulfillment facilities, offices, mixed-use developments, data centers and more. To celebrate this new era for the association and honor its past achievements, here is one of the winners of 2026’s Best of NAIOP Awards.
Willmeng Construction
Background: Since its founding in 1977, Willmeng Construction has grown to be the largest privately owned, Arizona-based general contractor. The employee-owned company built its reputation as a tenant improvement specialist, but now also delivers ground-up projects across the industrial, office, retail, healthcare and public sectors. Beyond taking on a broader scope of work, Willmeng has begun working in nearby states, opening offices in Salt Lake City and Albuquerque. This regional expansion allowed the firm to take on 366 projects companywide last year, generating $739 million in revenue — and the figure reaches $2.5 billion once the total contract value of those projects is tallied.
2025: Total projects: 154 | Pipeline: 26,500,115 square feet | Industrial: 22,663,261 square feet | Office: 886,235 square feet Retail: 142,415 square feet | Hospitality: 184,051 square feet | Medical office: 76,299 square feet
Big Deals
Formation Park 10
Developer: Formation Interests
General contractor: Willmeng Construction
Architect: Deutsch Architecture Group
City: Goodyear
Size: 427,709 square feet
Deer Valley Business Campus Phase II
Developer: SIHI
General contractor: Willmeng Construction
Architect: Balmer Architectural Group
City: Phoenix
Size: 303,126 square feet
Porsche North Scottsdale
Developer: Penske Automotive
General contractor: Willmeng Construction
Architect: Penny Design Group
City: Phoenix
Size: 68,000 square feet