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4/02/25
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ATLAS Capital Partners has teamed up with Hawkins Development Company in the $13.8 mil purchase of 38 acres in Mesa, Arizona’s Elliot Road Tech Corridor. The venture plans to use the land for the development of ATLAS Exchange, a four-building, Class A industrial project.
Located at 4140 S. Signal Butte Rd, the buildings at ATLAS Exchange will range from 40k sf to 100k sf in size. Design plans include top-tier finishes in an amenity-rich environment with shaded ramadas and pickleball courts. The buildings will include large, secured and screened yards, offering operational flexibility to an increasingly diverse Arizona industrial market.
“ATLAS Exchange runs contrary to nearly all industrial development strategies. Rather than maxing out building coverage, we plan to deliver a modern combination of appropriately sized, high-finish buildings with large screened and secured yards. This style of product is virtually nonexistent in metro Phoenix, yet is in high demand with the ever-evolving industrial landscape,” said ATLAS CEO Chris Walton.
ATLAS Exchange is designed to serve single-tenant users in need of building and operational flexibility through dedicated yard space. This could potentially be of value to many industries, from logistics to telecommunications and contractors to equipment suppliers.
The ATLAS Exchange site sits within Eastmark, a master-planned community offering a mix of award-winning residential, retail, restaurant and industrial development. It enjoys proximity to the Loop 202 and Mesa Gateway Airport, in an industrial market peppered with industry giants such as Meta, Apple, Google, Amazon, Boeing and more.
Construction on ATLAS Exchange is slated to begin in the third quarter of 2025. Build-to-suit opportunities are also available.
Early lease negotiations are already underway at ATLAS Exchange, with several tenant commitments nearing completion. Pat Harlan and Steve Larsen of JLL serve as the project’s exclusive leasing brokers and represented both ATLAS and the property seller, Brookfield Properties, in the land transaction.
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