JLL arranges $107M construction financing for Phoenix industrial development

PHOENIX, Nov. 3, 2025 –  JLL Capital Markets announced today it has arranged $107 million in construction financing for ReDiscover Logistics Park, an 808,448-square-foot industrial development located at 2402 W Beardsley Rd. in Phoenix, Arizona.

JLL worked on behalf of the developer, ViaWest Group and Barings, to secure a loan through a life insurance company.

The project encompasses four state-of-the-art industrial buildings located on 43.5 acres in the highly sought-after Deer Valley submarket. It is strategically positioned adjacent to the Loop 101 and Interstate 17 interchange, providing immediate freeway access and unparalleled regional connectivity. The property sits approximately 15 minutes from Taiwan Semiconductor Manufacturing Company's $165 billion manufacturing facility, positioning it to capitalize on the influx of suppliers and support businesses attracted to the semiconductor hub.

ReDiscover Logistics Park will feature individual building sizes ranging from 189,280 to 212,000 square feet with clear heights of 32 to 36 feet, designed to accommodate a diverse range of manufacturing and distribution tenants. The development incorporates premium building specifications, including flexible space configurations, 200-foot shared truck court depth, FM Global compliant sprinkler systems and 980 parking spaces.

Construction has commenced, with project completion anticipated for the first quarter of 2027.

The JLL team was led by Capital Markets President Kevin MacKenzie, Senior Director Jason Carlos and Analyst Lilley Kroll.

"We're seeing unprecedented demand in the Deer Valley submarket driven by TSMC's transformational investment and the broader semiconductor supply chain ecosystem it's creating," said Carlos. "With no additional development currently under construction in the submarket and active tenant requirements exceeding available vacancy, ReDiscover Logistics Park's premium specifications and irreplaceable location at the Loop 101 and I-17 interchange make it ideally positioned to serve the next generation of tenants seeking proximity to this critical industrial hub."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development, and property management firm. ViaWest Group is one of the fastest growing real estate investment companies in the Southwestern U.S. with over $3.5 billion in deals since inception, 12.4+ million SF owned and managed, with offices in Phoenix and Denver. ViaWest Group is currently seeking to acquire and develop industrial, office, medical, and multi-family buildings and land parcels in the Southwestern U.S. Visit our website www.viawestgroup.com or contact Mikele Keiffer at (602) 957-8300 x116.

Barings is a $456+ billion global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service.

The Barings Real Estate platform has over $65 billion in AUM and AUA between its Real Estate Debt and Equity strategies. Established in 1994, Barings Real Estate Equity platform has grown to $32.6 billion AUM across private strategies. The firm’s Real Estate Equity team invests in all major property types across the risk spectrum and around the globe.

Learn more at www.barings.com.

*Assets under management as of September 30, 2025