JLL Capital Markets has successfully arranged $107 million in construction financing for ReDiscover Logistics Park, a major Class A industrial development rising in Phoenix, Arizona. The project marks another significant step in supporting the region’s rapidly growing logistics and semiconductor supply chain ecosystem.
The development — a joint venture between ViaWest Group and Barings — will add a total of 808,448 square feet of advanced industrial capacity across four buildings. The site spans 43.5 acres at 2402 W. Beardsley Road, located in the high-demand Deer Valley submarket.
A key advantage of the project is its proximity to the Loop 101 and Interstate 17 interchange, giving manufacturers and distributors efficient access across metro Phoenix and into key western markets. It also sits just 15 minutes from Taiwan Semiconductor Manufacturing Company’s massive $165 billion fabrication complex, which continues to draw suppliers and tier-one industrial users to the region.
Each of the four buildings is being designed to accommodate a wide mix of tenant needs, with individual footprints ranging from 189,280 to 212,000 square feet, 32- to 36-foot clear heights, and flexible configurations. The park will feature a 200-foot shared truck court, FM Global compliant sprinklers, 980 parking spaces, and other high-end logistics infrastructure aimed at attracting advanced manufacturing, distribution and e-commerce tenants.
Construction is now underway, with completion planned for Q1 2027, positioning the site perfectly to capture the next wave of semiconductor-driven industrial demand.
The funding was sourced through a life insurance company lender, and executed by JLL’s Capital Markets team led by President Kevin MacKenzie, Senior Director Jason Carlos, and Analyst Lilley Kroll.
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Carlos emphasized the project’s importance to the region’s industrial market dynamics:
“We’re seeing unprecedented demand in the Deer Valley submarket driven by TSMC’s transformational investment and the broader semiconductor supply chain ecosystem it’s creating,” said Carlos. “With no additional development currently under construction in the submarket and active tenant requirements exceeding available vacancy, ReDiscover Logistics Park’s premium specifications and irreplaceable location at the Loop 101 and I-17 interchange make it ideally positioned to serve the next generation of tenants seeking proximity to this critical industrial hub.”
Demand in Deer Valley continues to intensify as Phoenix strengthens its role as a national semiconductor and logistics powerhouse. Industrial vacancy across the submarket remains well below historical averages — and speculative development has slowed — creating a scarcity of modern industrial space available for fast-evolving tenants.
JLL said its Capital Markets group leverages global investor relationships and deep local knowledge to support projects like ReDiscover Logistics Park. With 3,000+ capital specialists across nearly 50 countries, the firm provides debt advisory, equity advisory, investment sales and recapitalization services for real estate owners and occupiers.
As industrial growth continues aligning with high-tech manufacturing and supply chain shifts, ReDiscover Logistics Park is expected to play a strategic role in the evolving Phoenix economy, offering high-capacity infrastructure at the heart of a booming innovation corridor.
Originally reported by AZ Big media.
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