By Creation
Creation has acquired nearly 100 acres in Phoenix with joint venture partner Clarion Partners for the development of a $250M industrial and mixed-use project: Park Algodon.
Located on the NWC of Loop 101 and Indian School Road in Phoenix, the off-market deal was handled by Greg Vogel and Max Xander of Land Advisors, who represented both the buyer and seller the John F. Long family. This is one of the last remaining vacant land parcels owned by the late Long.
Park Algodon is a two-phase speculative industrial development spread across 86 acres that totals approximately 1.3MSF. Expected to break ground by the end of the year, the first phase is comprised of four buildings totaling 670KSF. The second phase is a single 556KSF building. LGE Design Build is leading the construction with completion expected in late 2025.
