JLL Capital Markets arranged the partnership between IndiCap and AECOM-Canyon Partners for the 10-building Class A project in Mesa, Arizona

PHOENIX, ARIZONA – JLL Capital Markets announced today that it has arranged a joint venture equity partnership for the development of a two-phase, Class A distribution and warehouse project totaling 10 buildings and 1.6 million square feet of mid-bay and cross-dock industrial buildings in the Phoenix-area community of Mesa, Arizona.

JLL worked on behalf of IndiCap to arrange the joint venture equity partnership with AECOM-Canyon Partners.

The project development started this year with the acquisition of 113 acres of land at Elliott and Ellsworth in the highly sought-after Eastmark master-planned community. This central location within the Mesa Gateway Industrial submarket provides a critical logistics advantage to industrial users due to its easy connectivity across the Phoenix MSA and to major Western cities such as Denver, Salt Lake City, San Diego, Los Angeles, Las Vegas and San Francisco, in addition to providing an entry point east into El Paso, Dallas and Houston and into Mexico. The site is also less than three miles from the Phoenix-Mesa Gateway Airport and only 20 minutes to rail access and the Phoenix Sky Harbor International Airport.

The project is being constructed in two phases, with an anticipated completion date in the fourth quarter of 2023 for Phase I, which will comprise 977,600 square feet across five buildings. Phase II will involve five additional buildings totaling 663,520 square feet and is estimated to be completed in the fourth quarter of 2024. The buildings will offer tenants clear heights ranging from 28 to 36 feet and feature a host of features modern users seek.

The JLL Capital Markets team representing the borrower was led by Senior Director Carl Beardsley and Analyst Zane Coffman. Senior Managing Directors Pat Harlan and Steve Larsen and Jason Moore with JLL’s Brokerage Services represented IndiCap in its site selection and land acquisition.

“JLL is pleased to help facilitate this partnership of best-in-class development expertise and is excited to see the venture grow,” Beardsley said. “The subject property is well positioned between Fortune 50 companies and remains in extremely strong demand for corporate and advanced manufacturing users.”

PIMA COUNTY, ARIZONA – All those parties postponed during the pandemic are coming back in a big way at Pima Animal Care Center with a “Howling at the Moon” event running from 5 to 10 p.m. May 13.

The free event will feature vendors, food trucks, a bouncy castle and activities in different rooms at PACC, each decorated in a different holiday theme for the “party” that was skipped during the pandemic. Food and merchandise is available for purchase.

Monica Dangler, Director of Animal Services, said this has been a long time coming.

“PACC has missed being able to hold those seasonal adoption events over the last two years, so we are ready to celebrate them all in one night,” Dangler said.

The shelter staff will be decorating each section of the shelter in a different holiday theme.

All pets at the shelter will have $0 adoption fees during the “Postponed Parties.” (A $20 licensing fee may apply.) Adopted pets will go home with a surprise holiday-themed pet toy.

“We know how much the public loves these evening events, so we are happy to be bringing them back,” Dangler said. Current pet owners can get in on the fun, too. PACC’s licensing partner, Docupet, will offer a 13% discount on one tag per order May 13-16 with code “HOWL13.”

People who can’t attend the event, foster or adopt can always make a financial donation to the shelter’s official nonprofit partner, Friends of Pima Animal Care Center.

Pima Animal Care Center is located at 4000 North Silverbell Rd. The shelter is open Monday to Friday, noon to 7 p.m., and 10 a.m. until 5 p.m. on Saturday and Sunday. Every pet comes with up-to-date medical care, a microchip, current vaccinations, and a free spay or neuter surgery. There are currently 650 pets at the shelter in need of homes, along with 1,124 in foster care in need of adoptive homes.

Unprecedented Pre-construction Sales of over $80 million Accelerates Next Phase of Development

SCOTTSDALE, ARIZONA – Ascent at The Phoenician® has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain. Overlooking The Phoenician® Golf Course and located adjacent to The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizona, the private, gated community of Ascent at The Phoenician® has become Arizona’s most coveted new luxury real estate offering.

Ascent has sold 36 of the 40 Mountainside Residences, representing more than $80 million in sales, with construction completion anticipated for early 2024. Ascent’s Mountainside Residences is an intimate building of 40 luxury condominiums. Prices for the remaining residences range from $4.1 million up to $4.85 million.

“Construction and sales at Ascent at The Phoenician® have been very strong. Every corner of the site has activity on it now and it has been great to share with prospective owners what we are building. We also recently opened our on-site Ascent Sales Center, which has seen steady traffic and provides a front row seat to the various condominium projects within the community,” said Chandra Reilly, Replay Destinations’ Executive Vice President of Design and Development.

With unprecedented pre-construction sales and start of construction of the Mountainside Residences, Replay is accelerating its next phase of development and is now unveiling the Camelback Residences. The Camelback Residences will be located in the heart of the Ascent community with a total of 60 luxury residences in two adjacent buildings. Named for its panoramic views of iconic Camelback Mountain, the initial release of 32 residences will consist of one bedroom plus den, two bedroom, two bedroom plus den and three bedroom plus den plans. The residences will feature seamless indoor-outdoor living, floor-to-ceiling glass to optimize views and natural light, Sub Zero and Wolf appliances, and spa-inspired bathrooms. The buildings will offer dramatic views of city lights, and each will have access to a rooftop terrace with 360-degree views of Camelback Mountain and the surrounding mountain ranges, where residents can lounge with a glass of wine and enjoy the fire tables and activity lawn. Prices are expected to range from $1.5 million to $4+ million. Interested buyers can now register for early selection and preferred pricing when purchase contracts are written this fall.

“We are thrilled to begin construction on the Mountainside Residences and are very pleased with how well our unique desert homes have been received by the market. Ascent at The Phoenician® has completed over $200 million in sales in a short amount of time,” said Paul Jorgensen, Replay Destinations’ President and Chief Executive Officer. “Potential buyers who loved our Mountainside Residences, but may have missed out on a specific residence, can now learn more about the upcoming Camelback Residences. With an initial limited release of 32 residences, the Camelback Residences will offer the extraordinary indoor-outdoor living, and the luxurious, refined interior aesthetic we are known for.”

Replay Destinations has engaged the same design team for the Camelback Residences as they utilized for the Mountainside Residences and sold-out Golf Villas. Ascent refers to the team as the “Best of the Best” of the Valley’s internationally recognized talent: Nelsen Partners, an architecture and planning firm founded in 1990; Vallone Design, a leading, full-service interior design firm specializing in exquisite residential and commercial interior design; Floor Associates, a landscape architecture and planning firm; bulthaup Scottsdale, a globally recognized company producing premium kitchens custom-made in Germany; and luxury fittings brand Waterworks which partners with exceptional properties around the world.

These exclusive condominium residences will enjoy a prime location near the Mountain Club, a private club for owners at Ascent. Programs, amenities and private events at the Club will celebrate the iconic Camelback Mountain and includes a private pool, fitness and movement rooms, social spaces and demonstration kitchen for cooking classes and private chef experiences. Architecturally designed as a modern interpretation of the historic Jokake Inn, the Mountain Club will be an intimate gathering place for connection, wellness, celebration and relaxation.

Ascent at The Phoenician® residents will have the opportunity to join the Phoenician® Amenity Access Program that provides Ascent real estate owners with access to resort amenities, including the pools and fitness facility and preferred pricing for spa, food and beverage, and other services. Ascent has attracted a significant number of buyers from the local Phoenix and Scottsdale area and from various states such as California, Illinois, Wyoming and Washington.

Joe Bushong and Leslie Jenkins of Russ Lyon Sotheby’s International Realty are the listing agents for Ascent at The Phoenician®. For more information on the remaining Mountainside Residences or to register for updates, including Early Registration for the first release of the Camelback Condominium Residences, visit ascentatthephoenician.com or call 480-534-4086.