A new industrial park is the offing for the industrial park-friendly city of Surprise, Arizona.
The Dallas-based Mohr Capital has just announced its acquisition of just over 46 acres with a plan of building two sizable structures largely designed for distribution and manufacturing purposes.
The two facilities, one measuring nearly 454,000 square feet and the other 250,500, will be part of the still-developing Summit Business Park at the intersection of Cactus Road and Dysart Road.
Mohr Capital specializes in the funding of large office and industrial development properties. Earlier this year it was announced that Mohr had closed on upwards of $80 million in deals between late last year and early 2022.
In a statement, Tom Theobald, senior vice-president for Mohr Capital, said the new Surprise development will “answer the needs of the growing community and new industries entering the West Valley submarket.”
Work is expected to begin on the new Mohr facilities in Surprise later this summer, with a summer 2023 completion date.
By Garry Boulard
