JLL Capital Markets announced today it has arranged $107 million in construction financing for ReDiscover Logistics Park, an 808,448-square-foot industrial development located at 2402 W Beardsley Rd. in Phoenix, Arizona.
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JLL worked on behalf of the developer, ViaWest Group and Barings, to secure a loan through a life insurance company.
The project encompasses four state-of-the-art industrial buildings located on 43.5 acres in the highly sought-after Deer Valley submarket. It is strategically positioned adjacent to the Loop 101 and Interstate 17 interchange, providing immediate freeway access and unparalleled regional connectivity. The property sits approximately 15 minutes from Taiwan Semiconductor Manufacturing Company’s $165 billion manufacturing facility, positioning it to capitalize on the influx of suppliers and support businesses attracted to the semiconductor hub.
ReDiscover Logistics Park will feature individual building sizes ranging from 189,280 to 212,000 square feet with clear heights of 32 to 36 feet, designed to accommodate a diverse range of manufacturing and distribution tenants. The development incorporates premium building specifications, including flexible space configurations, 200-foot shared truck court depth, FM Global compliant sprinkler systems and 980 parking spaces.
Construction has commenced, with project completion anticipated for the first quarter of 2027.
The JLL team was led by Capital Markets President Kevin MacKenzie, Senior Director Jason Carlos and Analyst Lilley Kroll.
“We’re seeing unprecedented demand in the Deer Valley submarket driven by TSMC’s transformational investment and the broader semiconductor supply chain ecosystem it’s creating,” said Carlos. “With no additional development currently under construction in the submarket and active tenant requirements exceeding available vacancy, ReDiscover Logistics Park’s premium specifications and irreplaceable location at the Loop 101 and I-17 interchange make it ideally positioned to serve the next generation of tenants seeking proximity to this critical industrial hub.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
