Wharton Industrial has acquired a 101-acre site in Mesa, Arizona, US to develop a 1.5 million ft2 industrial park.

The company has also planned to make more than $200m investment to construct the new Class A industrial park, which will be named as ‘The Hub@202’.

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The project will include 11 buildings that will range from 65,000ft2 to 270,000ft2 and will also feature 1,429 car parking spaces; 73 trailer parking spaces; and 60-foot speed bays.

US-based private investment company MSD Capital has provided funding for the project.

Construction work on the new industrial park is scheduled to commence in the second quarter of this year.

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Wharton Industrial chairman Peter Lewis said: “Wharton is a strong believer in the growth of the industrial market in the Intermountain West region as more companies and individuals relocate for a more hospitable business climate and better quality of life.

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“Markets like Mesa are becoming part of the ‘digital desert’ where forward-thinking businesses such as electric vehicle makers, social media companies, aerospace, and chip manufacturers and more are flocking.

“The strategy to invest in this region is emblematic of our 35-year corporate philosophy of focusing on emerging markets poised for significant growth.

The firm’s recent development projects include a two-building, 600,000ft2 industrial development in Greenville, South Carolina, a 510,000ft2 industrial facility in Lakeland, Florida; a 988,000ft2 warehouse in Atlanta; and a 617,000ft2 warehouse in Ocala, Florida.

Last month, McShane Construction Company secured a contract from mixed-use developer Milhaus to build a new luxury multi-family development in Tempe, Arizona.

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Wharton Industrial acquires site to develop new industrial park in Arizona. Credit: Peter H from Pixabay.