Silver Creek Development Secures $46M Financing for Arizona Industrial Project
Silver Creek Development has acquired $46 million in financing to support a new industrial campus in Arizona, enhancing its portfolio in a key market for technology tenants.
Silver Creek Development has completed a $46 million construction takeout financing for an industrial project in Arizona. The development is situated at 3305 South Sossaman Road, four miles from Mesa Gateway Airport, and spans 330,492 square feet across eight buildings tailored for technology tenants.
The financing was facilitated by Arrow's founder, who noted the area's strong tenant base in semiconductor, aerospace, and defense sectors. This project potentially positions stakeholders to capitalize on growth in these industries, though reliance on a specific tenant mix may pose risks if market dynamics shift.
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