Mack Real Estate Group secures $89.25M financing for four Phoenix industrial logistics buildings at Mack Innovation Park Deer Valley

PHOENIX, Sept. 17, 2025 – JLL Capital Markets announced today that an affiliate of Mack Real Estate Group (MREG) has secured $89.25 million in financing for Mack Innovation Park Deer Valley Site C, consisting of four buildings comprising 584,665 square feet of industrial logistics space in Phoenix's coveted Deer Valley submarket.

JLL arranged the financing, provided by MetLife Investment Management, on behalf of MREG.

Site C comprises a portion of the first three phases of Mack Innovation Park Deer Valley, which total 1.3 million square feet of light industrial buildings. Mack Innovation Park Deer Valley can accommodate a total of 2.6 million square feet of industrial space at full buildout.  The park is strategically positioned to capitalize on demand for newly constructed industrial space from distribution, warehousing, or manufacturing users, including suppliers to Taiwan Semiconductor Manufacturing Company’s (“TSMC”) $165 billion advanced semiconductor fabrication facility, as well as other users within the Phoenix valley.

“We are thankful to the team at JLL. They are well-tuned to the strength of demand in North Phoenix, driven in large part by TSMC, and played an important role in our success here,” said Richard Mack, CEO of MREG. “Further, we deeply value this extension of our relationship with MetLife Investment Management and appreciate their continued confidence in MREG and in the Deer Valley market.”

Completed in the second quarter of 2024, the Site C facilities feature state-of-the-art specifications including 24-foot to 32-foot clear heights, 114 dock-high doors, 30 grade-level doors and 838 auto parking spaces. Site C has attracted a diverse tenant base spanning technology, consumer products, logistics and manufacturing sectors. Mack Innovation Park Deer Valley benefits from its location at Pinnacle Peak Rd. and 7th Ave., which provides superior regional connectivity through Loop-101, Interstate 17, Highway 51 and Loop-202. The facility offers single-day drive access to Los Angeles, San Diego and Las Vegas, and sits just 0.1 miles from Deer Valley Airport, 12 miles from Scottsdale Airport and 18.3 miles from Phoenix Sky Harbor International Airport.

In addition to Mack Innovation Park Deer Valley, MREG’s Phoenix market investments currently consist of Halo Vista, the 2,300-acre master-planned development adjacent to TSMC; Mack Innovation Park Scottsdale, a 1.2 million square foot industrial project; and over 900 units of multifamily and single-family rental projects in various stages of pre-development, development and operation.

The JLL Capital Markets Debt Advisory team was led by Senior Director Jason Carlos, along with Analysts Frank Choumas and Lilley Kroll.

"The competitive terms achieved in this transaction are a direct result of the exceptional product that Mack Real Estate Group delivered at Mack Innovation Park Deer Valley," said Carlos. "Deer Valley is one of the most in-demand submarkets due to its proximity to TSMC, and this property is well-positioned against the competition as demonstrated in its accelerated lease-up."

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.

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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.

Mack Real Estate Group, LLC (MREG) is an institutional real estate investment firm with roots in several Mack family real estate businesses, dating back to the 1960s. Today, MREG’s vertically integrated equity, credit and property management businesses employ over 200 people with offices across the U.S. including New York, Seattle, Phoenix, Miami and Raleigh. MREG’s equity business specializes in the acquisition, development and management of multifamily and industrial properties located in gateway and high-growth markets. MREG’s portfolio of current and realized investments represents nearly 11,000 multifamily units and more than 7 million square feet of industrial space, including development and pre-development pipeline. The firm’s affiliated credit business, Mack Real Estate Credit Strategies, L.P. (MRECS), has originated, co-originated, or acquired more than $20 billion of loans since 2015 across multiple lending strategies. MRECS invests across the capital stack through various public and private vehicles, and an MRECS affiliate manages one of the largest publicly traded commercial mortgage REITs, Claros Mortgage Trust, Inc. (NYSE: CMTG). For more information, visit www.mackregroup.com and follow @Mack Real Estate Group on LinkedIn.