Mack Real Estate Group (MREG) has secured $89.25 million in financing for Mack Innovation Park Deer Valley Site C, which was delivered in 2024 and consists of four buildings comprising 584,665 square feet of industrial logistics space in Phoenix’s Deer Valley submarket.
JLL arranged the financing, provided by MetLife Investment Management, on behalf of MREG.
Site C comprises a portion of the first three phases of Mack Innovation Park Deer Valley, which total 1.3 million square feet of light industrial buildings. Mack Innovation Park Deer Valley can accommodate a total of 2.6 million square feet 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 billion advanced semiconductor fabrication facility, as well as other users within the Phoenix valley.
Jason Carlos, Frank Choumas and Lilley Kroll led the JLL Capital Markets Debt Advisory team.
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