A company formed by West Coast Commercial, a real estate development company led by Principal Todd M. Lytel, purchased two-acres of land slated to develop a roughly 30,000-square-foot multi-tenant industrial property in the Falcon District.
Construction is scheduled to commence the second quarter of 2018. The project’s objective is to design and develop a multi-functional industrial project that is flexible enough to fulfill a wide range of tenant leasing and purchase requirements.
In recent months, the Falcon District, which is described by Mesa as an innovative, high-tech hub for aerospace/aviation, defense, advanced manufacturing, and advanced business services, has experienced numerous speculative development starts and others begin planning. Additionally, the forthcoming Falcon Tech Center development, the area is primed for numerous aerospace, technology and advanced manufacturing opportunities.
The ongoing surge of employers relocating to West Mesa coupled with new housing developments and immigration from neighboring states, create a strong demand for functional industrial space.
“We look forward to working with the City of Mesa in a joint effort to develop an industrial property that is both attractive and functional,” says Lytel.
The property is centrally located just south of Falcon Field and adjacent to KB Home’s new 424-home development called “Copper Crest Collection.” Economic business drivers located within the Falcon District include well established companies such as: Special Devices Inc., Orbital ATK, Nammo Talley, Trans-Matic, Able Steel, Boeing and McDonnell Douglas.
West Coast Commercial is a privately held commercial real estate development company focused on acquiring development opportunities and value-add distressed commercial real estate within the Greater Phoenix Metropolitan marketplace. TJ Swearengin, principal at Lee & Associates represented the seller and buyer in the transaction.