"We should get some of the users that you see in the ScottsdaleAirpark that don't want to pay those types of rates or thosetenants that are looking for a high-end development that is closeto the freeway interchanges," Mark Becker, a partner with the MackCo., tells GlobeSt.com. The site is less than a mile fromInterstate 17 and a mile north of the newly opened Loop 101. TheDeer Valley Airport lies just a half-mile to the northeast of theproject site, which is between Deer Valley Road and Rose GardenLane. Becker says that development costs are somewhere around $85per sf.

In the project's first phase, Mack plans to build 44,000-sf and125,000-sf flex industrial buildings, Becker says. The plans areawaiting city approval.

Last year, Mack purchased 30 acres of the site from HoneywellCorp., which has a major facility just west of the site. Thatacreage was purchased for $3.60 per sf. Mack is in escrow on theremaining 10 acres, which forms a rectangular piece at thesoutheast quadrant.