Photo Credit: mesaelliottechnologypark.com
Source: BREWAZ.com
Mesa – Sunbelt Investment Holdings Inc. in San Diego, Calif. (Todd Holzer, pres.) has expanded Mesa Elliot Technology Park by acquiring a key parcel that now brings the planned mixed-use project to 270 acres and provides frontage along the east side of the Loop 202 Freeway. 
The seller was El Dorado Elliot 128 LLC, formed by El Dorado Holdings Inc. in Phoenix (Mike Ingram, chairman).
The cash transaction was negotiated by Brent Moser, Mike Sutton and Brooks Griffith of Cushman & Wakefield in Phoenix.
Property owners in that section of southeast Mesa are eligible for various benefits, including streamlined entitlement, upgraded infrastructure, and tax exemptions.
More details about Elliot Road Technology Corridor can be found here:
The Elliot Road Technology Corridor has everything high-tech companies need to get up and running fast at a very competitive cost. Large Redundant Power ...
The overlay area has 1,000 + acres of shovel-ready land, including 203 acres that Sunbelt Investment Holdings acquired 3 ½ years ago.
That fully-improved site is planned for roughly 2.75 million sq. ft. out of 3.5 million sq. ft. of office, industrial and commercial buildings targeted for the now 270-acre Mesa Elliot Technology Park.
Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield have the marketing assignment. Markham expects to have a new site plan for the expanded business park within the next few weeks.
The C&W agents are looking for build-to-suit opportunities, ground-lease deals and will sell parcels ranging from 5 to 100 acres to end users and developers.
In addition to the technology uses, Markham says the planned business park is an ideal location for manufacturing, e-commerce, and big box distribution.
The prior owner of that property, a joint venture formed by First Industrial Realty Trust Inc. in Chicago, Ill. (NYSE:FR), developed the infrastructure for the 287-acre business park and sold an 84-acre parcel before the project stalled.
The newly-acquired 67.5 acres, suitable for 750,000 sq. ft. of commercial and industrial space, is part of a larger tract that El Dorado Holdings acquired 5 ½ years ago.
In September 2011, BREW reported El Dorado Elliot 128 LLC paying $10.79 + million to buy a 128-acre parcel located at the northwest corner of Elliot and Ellsworth roads.
El Dorado Holdings still owns 53 acres of that property after selling the portion to Sunbelt Investment Holdings and 7.885 acres at the northwest corner of Ellsworth and Elliot roads. That site, being developed as the 50-bed Arizona General Hospital, was sold in February 2016 for $5.576 million ($16.23 per foot).
The Elliot Road Technology Corridor is expected to benefit from the $2 billion data center Apple Inc. is developing at the southwest corner of Elliot and Signal Butte roads.
Sunbelt Investment Holdings and its affiliates are among the largest land owners in the area and now control about 1,200 acres near the Williams Gateway Airport in Mesa.
In January, BREW reported Sunbelt Investment Holdings paying $3.791 + million ($2.40 per foot) to purchase a 36.3-acre parcel at the northeast corner of Ellsworth and Germann roads in Mesa.
Sunbelt Investment Holdings is owned by the Mann family of Carlsberg, Germany (Johannes Mann, et al., members).
Find out more from Holzer at (858) 495-4900.
Talk to Jim Kenny, pres. of El Dorado Holdings, by calling (602) 955-2424.
Reach the C&W agents at (602) 954-9000.
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