Indicap, in partnership with AECOM-Canyon Partners, announced the completion of Phase 1 of the Eastmark Center of Industry. This development introduces 978,837 rentable square feet of Class A industrial space within a 65-acre industrial park in Mesa’s Gateway Airport submarket, significantly enhancing the area’s industrial offerings.

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Project Highlights:

  1. Total Rentable Space: 978,837 square feet across five mid-bay and cross-dock buildings.
  2. Construction Excellence: Features include a concrete slab on grade, tilt-up exterior walls, and a hybrid wood roof system, ensuring durability and flexibility.
  3. Prime Location: Eastmark boasts easy access to major freeways (AZ-60, Loop-101, Loop-202), and is close to Phoenix-Mesa Gateway and Phoenix Sky Harbor International Airports.
  4. Vibrant Community: As part of a mixed-use master-planned community, Eastmark benefits from proximity to over 15,000 residential units and 20 million square feet of commercial space, along with neighboring tech giants such as Google, Microsoft, Facebook (Meta), Apple, and Amazon.

Detailed Building Specifications:

  1. Diverse Sizes: Buildings range from 83,347 to 426,569 RSF, with clear heights from 30’ to 36’, accommodating a broad spectrum of industrial activities.
  2. Parking: Offers a parking ratio of 1.28 per 1,000 RSF. 
  3. Unique Features:
    1. Strategic Location: Situated in the Elliot Tech Corridor for enhanced connectivity.
    2. Power Supply: Select buildings feature up to 7200 amp of power.
    3. Environmental Innovation: Utilizes precast underground storm chambers.
    4. Tenant-Centric Design: Air-conditioned spaces with comprehensive insulation and lighting solutions.

Indicap acquired the project site in April 2022 for $48 million, marking its entry into the Phoenix metro market and signaling a period of aggressive expansion. Currently, Indicap has 10 projects and over 13 million square feet of Class A industrial space in development across key Arizona corridors. The land purchase price also included 53 acres for a Phase 2 development. 

“We are immensely proud to unveil Phase 1 of the Eastmark Center of Industry, a project that represents our commitment to innovation, sustainability, and community enhancement,” said Todd Ostransky, SVP of Regional Development for Indicap. “This development is a testament to our vision of creating spaces that meet the dynamic needs of today’s businesses while fostering growth and opportunity within the community. We’re not just building warehouses; we’re crafting a vibrant ecosystem where industry leaders, emerging businesses, and technology innovators can thrive together. The completion of this phase marks the beginning of a new era for the Mesa market, one where we expect to see unprecedented growth and success.”

The Eastmark Center of Industry is a joint venture with AECOM-Canyon Partners, combining Indicap’ s expertise in industrial investment and development with AECOM-Canyon Partners’ institutional-quality project development capabilities, design, and construction management expertise.

Layton Construction, Kimley-Horn (civil engineering), and Deutsch Architecture have been instrumental in realizing the project. JLL will lead leasing efforts. 

Mike Chernine and Jason Kuckler, founders of Indicap, along with Ostransky and Geovanni Villalta, lead the company’s development projects in Arizona, leveraging over 100 years of collective experience in the regional real estate market.