IndiCap, a commercial real estate firm specializing in industrial investment and development throughout the U.S. Southwest, today announced that Nomaco, Inc. has signed a lease for 77,140 square feet at Eastmark Center of Industry I, industrial park in Mesa, Arizona – a project completed in 2024 with development partner AECOM-Canyon Partners.
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Nomaco, a leader in the design and extrusion of custom engineered foam products, will occupy approximately 44 percent of Building E at the project. The space will be used for the manufacturing of engineered foam products serving a variety of end markets, including construction, home furnishings, packaging, and fitness and recreation.
The 96-month lease, with a total transaction value of approximately $5.4 million, supports Nomaco’s continued growth and expansion in the Southwest.
“Nomaco is an excellent fit for Eastmark Center of Industry, and this lease underscores the continued demand for high-quality industrial space in the Southeast Valley,” said Todd Ostransky, partner and regional vice president at IndiCap. “Eastmark’s infrastructure, connectivity, and access to a skilled workforce make it an ideal environment for manufacturers looking to scale, and we’re pleased to welcome Nomaco to the project.”
The lease was brokered by JLL’s Steve Larsen, Jason Moore, and Pat Harlan on behalf of IndiCap, with Tanner Milne and Lisa Ingram of Menlo CRE representing Nomaco. “Eastmark Center of Industry continues to attract sophisticated industrial users seeking modern facilities in a premier location,” said Steve Larsen, vice chairman at JLL Phoenix. “Nomaco’s commitment to the project reflects both the strength of the Mesa industrial market and the quality of IndiCap’s development.”
Eastmark Center of Industry I is located within the highly sought-after Eastmark master-planned community, offering convenient local and regional access via U.S. 60, Loop 101, and Loop 202, providing connectivity throughout Greater Phoenix and the broader Southwest within a single-day drive. The project is situated just two miles from Phoenix-Mesa Gateway Airport and approximately 20 minutes from rail access and Phoenix Sky Harbor International Airport.
The development is also positioned within the Elliott Technology Corridor, home to major users such as Meta (Facebook), Apple, and Amazon, and benefits from proximity to Salt River Project’s major transmission infrastructure, delivering robust power capabilities for industrial and mission-critical users.
“Opening our first facility outside North Carolina is a significant milestone for Nomaco, and Eastmark Center of Industry is the right place to take that step. This location positions us closer to our growing customer base across the West and Southwest, allowing us to deliver custom-engineered foam solutions with greater speed and efficiency,” said Bryan Bunker, president at Nomaco. “The modern building design and access to regional transportation networks made Eastmark an ideal choice for our manufacturing operations.”
Eastmark Center of Industry I (Phase I) is a five-building industrial development totaling 983,720 square feet across 60 acres, with individual building sizes ranging from 84,167 to 427,937 square feet and clear heights between 30 and 36 feet. Construction is complete, and the project is fully operational and ready for occupancy.
