Nicola Wealth, ViaWest Group Buy Industrial Development Sites in Phoenix and Las Vegas – Globe St.
A partnership between Nicola Wealth Real Estate and ViaWest Group has acquired a shovel ready, 20.78-acre industrial development site in the Mesa Gateway submarket of Phoenix, AZ and a 12.45-acre development site in the North Las Vegas submarket of Las Vegas, NV. Both sites are an expansion of NWRE’s build to hold industrial development strategy and partnership with ViaWest.
Mesa Gateway is a quickly emerging submarket in the Southeast Valley of metro Phoenix. NWRE and ViaWest were attracted to the opportunity given its shovel ready, speed to market status, and the buildings’ multi-tenant design to accommodate mid-bay industrial users. Jackie Orcutt and her team at CBRE brokered the transaction and will be leasing the 335,068-square foot, three-building project which has been named Advanced Industrial Center. Construction has commenced and a groundbreaking ceremony will take place July 26, 2022.