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9/18/25
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An affiliate of Mack Real Estate Group (MREG) has secured $89.25 mil in financing for Mack Innovation Park Deer Valley Site C, consisting of four buildings comprising 584.7k sf of industrial logistics space in Phoenix's coveted Deer Valley submarket.
Site C comprises a portion of the first three phases of Mack Innovation Park Deer Valley, which total 1.3 msf of light industrial buildings. Mack Innovation Park Deer Valley can accommodate a total of 2.6 msf of industrial space at full buildout. The park is strategically positioned to capitalize on demand for newly constructed industrial space from distribution, warehousing, or manufacturing users, including suppliers to Taiwan Semiconductor Manufacturing Company’s (“TSMC”) $165 bil advanced semiconductor fabrication facility, as well as other users within the Phoenix valley.
Completed in the second quarter of 2024, the Site C facilities feature state-of-the-art specifications including 24-foot to 32-foot clear heights, 114 dock-high doors, 30 grade-level doors and 838 auto parking spaces. Site C has attracted a diverse tenant base spanning technology, consumer products, logistics and manufacturing sectors. Mack Innovation Park Deer Valley benefits from its location at Pinnacle Peak Rd. and 7th Ave., which provides superior regional connectivity through Loop-101, Interstate 17, Highway 51 and Loop-202. The facility offers single-day drive access to Los Angeles, San Diego and Las Vegas, and sits just 0.1 miles from Deer Valley Airport, 12 miles from Scottsdale Airport and 18.3 miles from Phoenix Sky Harbor International Airport.
In addition to Mack Innovation Park Deer Valley, MREG’s Phoenix market investments currently consist of Halo Vista, the 2,300-acre master-planned development adjacent to TSMC; Mack Innovation Park Scottsdale, a 1.2 msf industrial project; and over 900 units of multifamily and single-family rental projects in various stages of pre-development, development and operation.
Jason Carlos, Frank Choumas and Lilley Kroll with JLL Capital Markets Debt Advisory team arranged the financing, which was provided by MetLife Investment Management.
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