The Block on Elliot could sprout on Mesa acreage
Staff Reports | Digital Free Press
SVN Desert Commercial Advisors represented Shopoff Realty Investments, in the acquisition of 269.6 acres around the intersection of East Elliott and South Sossaman roads.
Found part of Mesa municipal planning boundaries — in what is considered unincorporated Maricopa County — plans for the purchase include annexing the site into the city, officials at SVN Desert Commercial Advisors.
“This property is located in a burgeoning employment hub with increasing demand for manufacturing space,” said William Shopoff, the firm’s president and CEO, in a prepared statement. “We plan to work closely with the city to annex the property into the city of Mesa, and subsequently entitle the property for manufacturing use, in order to meet market demands.”
Previously a dairy farm, Arizona Dairy Co. completed its final disposition in the immediate area with this sale, SVN representatives say.
Mr. Shopoff says he has proposed potential plans for the development of “The Block On Elliot,” a premier manufacturing, technology and employment park, which would include up to 15 buildings, at an average size of 500,000 square feet and up to 4.1 million commercial square feet.
The 269.9 acres are positioned within the “Elliot Road Technology Corridor,” according to a press release.
Dylan Sproul and Paul Borgesen of SVN Desert Commercial Advisors negotiated the transaction on behalf of the buyer, Shopoff Realty Investments.
“It was a pleasure working with Shopoff Realty on this transaction,” said Mr. Sproul of SVN.
“Given the complexity of taking an active dairy operation to a fully demolished and environmentally clean site in the span of eight months, in addition to funding this deal in a tumultuous capital market environment, is a true testament to their innovative and nimble approach. Shopoff now owns the largest development-ready industrial park in the entire Southeast Valley. We are very excited to see the economic growth this development brings to the City of Mesa and the Mesa-Gateway Airport.”
The proposed “Block On Elliot” development sits just North of Sossaman Park 202. Among the first major ground-up developments around Sossaman and Warner roads, with the help of Mr. Borgesen and Mr. Sproul, the 112 acres of land was acquired by California firm Contour in December 2021.
Phase 1 of the 1.55-million-square-foot industrial development broke ground in September 2022. Alongside Google’s Project Red Hawk, Facebook’s $800 million Meta Mesa Data Center, Apple’s Global Command Center, EdgeCore Data Center, and many more high-tech companies, these planned developments serve as a catalyst for future growth in the Mesa-Gateway area, SVN representatives opine.