Developer Adds Land to Big Planned Mesa Technology Park

Original Article via Phoenix Business Journal

Sunbelt Investment Holdings has bought another 67.5 acres for the planned Mesa Elliot Technology Park in the East Valley, according to a sales report by Business & Real Estate Weekly of Arizona.

BREW reports that San Diego-based Sunbelt now has 270 acres at the planned tech park development near the Loop 202 and Elliot and Ellsworth roads.

Sunbelt paid approximately $11.9 million for the 67.5 acres and the seller was El Dorado Holdings, according to the BREW sales report.

The development could total as much as 3.5 million square feet at total build out. It is slated to include office, industrial and flex space. Cushman & Wakefield is handling the leasing .

The East Valley has been gaining jobs and tech firms. That includes Apple Inc. (Nasdaq: AAPL) and Boeing Co. (NYSE: BA) — both of which have operations in Mesa.

JPMorgan Chase & Co. (NYSE: JPM) is building a big new campus in Tempe and shifting some jobs from Chase Tower in downtown Phoenix.

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