Wespac project team (left to right) Chris Smith, Austin Schranz, Garrett Nybo, Perry Gordon, and Kirk Jonovich.

MESA, Ariz. (December 5, 0225) — Wespac Construction, Inc. is proud to celebrate the ribbon cutting and grand opening of the new U.S. headquarters and manufacturing facility for XNRGY Climate Systems, located within Gateway East at Phoenix-Mesa Gateway Airport.

This milestone marks the official debut of a world-class center dedicated to advancing innovative, sustainable HVAC and climate-control solutions in the U.S.

The 275,000 SF facility represents the first phase of XNRGY’s ambitious four-phase master plan, which will ultimately deliver 1 million SF of high-performance, sustainable manufacturing space. Strategically positioned within Gateway East, a master-planned development on the east side of Phoenix-Mesa Gateway Airport, the site offers unmatched connectivity to major transportation routes, including the 202 Freeway, State Route 24, and nearby access to Ray, Ellsworth, and Pecos roads.

“As we celebrate XNRGY’s grand opening, we’re honored to see this visionary project come to life,” said Wespac Construction Vice President, Kirk Jonovich. “This facility not only reflects XNRGY’s commitment to innovation and sustainability, but it also marks a significant moment in the continued growth of this dynamic airport business park.”

Wespac Construction extends its sincere appreciation to all our collaborative partners whose expertise helped to bring this facility from concept to completion. Key contributors include The Boyer Company, Gensler, Dibble Engineering, CarusoTurleyScott, and IMEG.

Together, this team has delivered a landmark project that strengthens the region’s position as an emerging hub for innovative industries and sets the stage for continued growth in the Phoenix-Mesa community.

Cotton Center I, 4025 E. Cotton Center Boulevard, Phoenix

Phoenix, Ariz. (December 5, 2025) – Kidder Mathews has expanded its Asset Services portfolio in Greater Phoenix with a series of new management assignments—all completed within the span of just 90 days this fall. The additions, totaling more than 300,000 square feet across office, medical, retail, flex/R&D, and corporate facilities, reflect the continued strength of the region’s business community and rising demand for professional property management.

The portfolio totals seven assets, including several with notable tenants in the technology, medical, and bioscience sectors:

• Cotton Center I – 102,182 SF flex/R&D | 4025 E. Cotton Center Boulevard, Phoenix
  Tenants include Caris Life Sciences, a leader in molecular diagnostics, and DSV Global Transport, a global logistics provider with a strong technology footprint.
  
• Greystone Business Park – 60,793 SF flex/R&D | 2552 W. Erie Drive, Tempe
  Home to IES Communications, a national infrastructure architect supporting technology-driven environments.
  
• Tatum Place – 45,000 SF retail (limited scope) | 13636 N. Tatum Boulevard, Phoenix
• Deer Valley Professional Building – 32,741 SF office | 2730 W. Agua Fria, Phoenix
  Tenants include Cloverleaf Networks, a provider of integrated internet, cybersecurity, cloud, and connectivity solutions for businesses.
  
• Lincoln Medical Plaza – 27,854 SF medical | 7125 E. Lincoln Drive, Paradise Valley
  Tenants include Benessair Health and Clear Dermatology, led by Dr. Brenda Latowsky, who participates in clinical research.
  
• Paradise Valley Specialty Surgery Center – 21,280 SF medical | 5316 E. Shea Boulevard, Scottsdale
  A state-of-the-art specialty surgery facility affiliated with HonorHealth.
  
• Madera Center – 11,530 SF retail | 22485 E. Queen Creek Road, Queen Creek

“These assignments reflect the strong pace of activity across Greater Phoenix,” said Peggy Maxwell, Senior Vice President and Market Leader for Kidder Mathews Asset Services in Arizona. “Our team manages a wide range of property types, and we approach each one with the same focus on quality, responsiveness, and consistent support for both owners and tenants.”

These wins follow Kidder Mathews’ recent selection to manage the 97,504-square-foot Amkor Technology Center in Tempe, announced in April.

Deer Valley Professional Building, 2730 W. Agua Fria, Phoenix

MARANA, AZ (December 4, 2025) — A 44.1-acre commercial land parcel along I-10 in Northwest Marana has sold for $2,500,000 ($56,689 / acre, $1.30 PSF) for RV Storage and landscaping business. The site, located at 11135 W Adonis Road, sits near the southeast corner of Adonis Road and Grier Road and features over 2,200 linear feet of interstate frontage.

The buyer, K2 Properties LLC of Mesa, AZ, acquired the property from 11135 Adonis Holdings LLC, an Edina, Minnesota–based owner. The sale included a seller-carryback component.

The transaction closed on November 19, 2025, and is zoned E – Transportation Corridor.

The buyer, Kelly Shepherd, manager of K2 Properties LLC, intends to develop with partners:

• An RV storage facility on the southern 20 acres, and
• A landscaping materials business with a storage yard on the remaining acreage.

The level site has existing water and power at the property line and potential sewer access. The Town of Marana has indicated support for near-term development and plans to complete Adonis Road to provide improved connectivity to the rapidly expanding Tangerine Road/I-10 corridor, which includes a planned 4,500-home mixed-use master-planned community just north of this site.

Strategic Location

The parcel’s high-visibility position along I-10, combined with its proximity to large-scale housing and commercial development, makes it well-suited for:

• RV and boat storage
• Contractor yards
• Industrial outdoor storage
• Mixed-use warehouse or service-commercial operations

Edan Baehmann with Cushman & Wakefield | Phoenix represented the seller. Kristen Shepherd with Gentry Realty in Gilbert is related to the buyer and was the buyer’s representative.

For more information, contact Baehmann at 602-999-4542, or Kristen Shepherd at 480-750-9910.

Source: RED Comp #12203.