Creation, one of Arizona’s most prominent commercial real estate developers, has been given the green light to move ahead with construction on a three-building, 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city.
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Nexus Commerce Center is a three-building, 274,000-square-foot development located on the southeast corner of Elliot Road and Hardy Drive. These state-of-the-art buildings will replace the vacant Elliot Corporate Center, once anchored by the University of Phoenix as a call center. The existing two-story building will be demolished to make way for the new development.
“We are excited to expand our portfolio into Tempe and reimagine the existing functionality of an obsolete call center into a state-of-the-art industrial development. Nexus Commerce Center will introduce desperately needed shallow-bay inventory into the highly desirable I-10 industrial corridor in response to the sustained tenant demand,” said Grant Kingdon, principal at Creation. “This project will appeal to a wide variety of tenants from virtually all industries and can cater to tenants as small as 15,000 square feet to as large as 100,000 square feet.”
Nexus Commerce Center has been designed and will be built by LGE Design Build, one of Southwest’s premier design-build construction firms. Creation has brought on Amherst and CrossHarbor Capital Partners as financial partners. Mike Haenel, Andy Markham and Phil Haenel of Cushman and Wakefield will oversee the leasing and are currently fielding pre-lease inquiries. Site work will begin in October and completion is expected in the third quarter of 2025.
Creation’s portfolio includes $4.5 billion of ground-up developments in major growth corridors of Arizona, Texas, California, Tennessee, New York and New Jersey. Additionally, Creation remains very active throughout the Phoenix Metro area with several new industrial developments underway, including the development of Ten85 in Buckeye, Midway Commerce Center in Chandler and Park Algodon in Phoenix. In total, these industrial developments cover over 6.5 million square feet with a value of over $1.5 billion. For more, visit CreationEquity.com.
