Pursuit Park is a premier 625,000 square-foot, three-building industrial speculative building complex, located in the city of Mesa’s Elliot Road Technology Corridor. An ideal home for high tech manufacturers, this complex will offer spec amenities for manufacturing or distribution users such as pharmaceutical, medical device, aeronautics, and/or semiconductor. Neighboring businesses in the Elliot Road Technology Corridor include technology leaders like Meta, Google, Amazon, and Apple. Mortenson broke ground on the complex in September 2022 and will deliver the completed three-building complex in the early fourth quarter of 2023.
The complex is designed to accommodate future growth. With space for a fourth building in a potential second phase based on demand, there is opportunity to expand the complex by 300,000 square feet. The location, selected with functionality in mind, also includes close access to infrastructure systems like the Signal Butte Water Treatment Plant, an SRP power substation, and one of Mesa's fire stations, situated within five minutes from the Elliot Road and Loop 202 diamond interchange.
Pursuit Park's unique design can accommodate single or multi-tenant users. As a turn-key solution, tenants can move in quickly without the wait time or logistical concerns, allowing space to focus on tenant improvements as needed. In addition to being an easy solution for manufacturing users, this complex will have flexibility to quickly pivot to meet the needs of build-to-suit and/or data centers users.
"As the developer and builder, we are proud to bring Pursuit Park to life and create space that is in high demand right now," said George Forristall, vice president of real estate development at Mortenson. "It has been an honor to partner with the City of Mesa, LaSalle, Ware Malcomb and Lee & Associates, all tremendous partners, to realize this vision and create a complex that will significantly support the business and high-wage employment growth in the Elliot Road Technology Corridor."
Pursuit Park is Mortenson's first spec industrial development in the state of Arizona, adding to their portfolio of manufacturing projects underway in the state. As the developer and builder, Mortenson is partnered with Ware Malcomb, architect, as well as LaSalle Investment Management, site owner, along with Lee & Associates, leasing broker.
Facts And Figures
Project Owner: Mortenson and LaSalle Investment Management
Phase 1: 625,000 Square Feet
Completion: Winter 2023