Martens Development, a Scottsdale-based development firm that is active throughout the Phoenix market, recently broke ground on its latest Class A industrial development in Mesa, Brickyards on Ellsworth. The construction lender for the project is Principal Asset Management. Leading the construction team is general contractor FCL Builders, which is set to deliver an eight-building, 909,553-square-foot project with move-in ready spaces for tenants in the Southeast Valley, one of the most active industrial submarkets in the country. The 60-acre development is also in a City of Mesa Foreign Trade Zone, which reduces or defers tariffs and duties on products produced in the FTZ and can reduce property taxes for qualified users.
Photo courtesy of Martens Development Company
