MainSpring Capital Group, developer of the 232-acre master planned Pima Center, has fully leased the latest of its flex industrial buildings at the business park. The first building, at 9160 E. Del Camino Dr. in Scottsdale, was leased in its entirety prior to its completion. The second building, located at 9175 E. Pima Center Parkway will be completed in the next 30 days. The two-building project, is the first industrial project built in the North Scottsdale submarket in nearly 10 years.
The two buildings, each containing approximately 75,000 square feet of flex industrial space, were started in late 2016. “We experienced rapid and enthusiastic interest in these properties,” says Curtis Brown, principal with MainSpring Capital Group. “The tenants interested in Building B had immediate needs for occupancy, so we focused our efforts on completing that structure first. We have finished that building and our first two tenants have moved in. The second building is almost done and we currently have proposals out that would take up all that space, too.”
iMemories leased 34,167 square feet in the project and took occupancy in late September. iMemories is a Lifetouch Company that enhances and transforms customer’s home movies and old photos into a digital format for permanent storage and cloud-based access. This location serves as iMemories’ company headquarters and production/conversion facility.
Mountain West Distributors leased 9,810 square feet within the building and took occupancy of the space in late October. Based in Salt Lake City, the company is the largest regional distributor of home, car and security consumer electronics in the Intermountain West.
A third yet to be disclosed tenant has signed for the remaining two suites and will occupy the balance of the building within the next 30 days.
Shawn Dooley and Kyle McGinley of Ross Brown Partners serve as exclusive leasing agents for MainSpring Capital Group and the buildings at Pima Center.
“These may be the last fully-functional industrial buildings of this type constructed in North Scottsdale,” says Brown. “This submarket simply does not have the available land and zoning to provide growth in the supply of this product. Developing a project with adequate loading and clear height required by our customers requires substantial acreage that is no longer possible to find in this part of the city.” At the completion of this phase MainSpring Capital Group’s Pima Center flex industrial holdings will exceed ½ million square feet.
