Conor Commercial Real Estate, in partnership with Globe Corp., has acquired a 40-acre land parcel in Phoenix for $24.7 million.
The company plans to develop a 453,708-square-foot industrial project featuring four buildings, ranging from 88,512 to 167,040 square feet.
Construction is scheduled to start in early Q2 2026, with completion expected in late Q2 2027. Ware Malcomb will provide design-build services, while Kimley-Horn will handle civil engineering.
No additional comments were provided by the companies.
Author's summary: Conor Commercial and Globe Corp. are developing a large industrial project in Phoenix.