SIHI was not immediately available to comment on its plans for the 80-acre site it won at Wednesday's auction.
in the Deer Valley and north Phoenix area in recent years thanks to an influx of semiconductor suppliers and the nearby Taiwan Semiconductor Manufacturing Co.
Called Mack Innovation Park Deer Valley, the planned facility will be developed about six miles away from TSMC, just east of Interstate 17 and north of the Phoenix Deer Valley Airport. The first phase of the park will comprise 917,000 square feet of speculative warehouse space on two sites, called Site A and C, at the southeast corner of 19th Avenue and Alameda Road and at North Central Avenue and Pinnacle Peak Road. Mack Real Estate Group declined to share the value of the facility.
The Phoenix metro industrial sector had the highest in-place rent growth in the nation across markets without a port over the past year, according to new findings from Commercial Edge.in average rents ahead of Orange County, Detroit, the Bay area and Seattle, among others. The Phoenix metro has made it to the top of the lists for industrial construction in the U.S.