MSD Partners to Finance Mesa Industrial Park Development
Posted on 01/21/2022
MSD Partners, L.P. was formed in 2009 by the partners of MSD Capital, L.P., the family investment office for Michael Dell, the Founder & CEO of Dell Technologies. MSD Partners financed a project for a master-planned 1.5-million-square-foot industrial park located in the Southeast Valley submarket of Mesa, Arizona called The HUB @ 202. The HUB @ 202 is being developed by a partnership led by Wharton Industrial and Madison Ventures Plus. US$ 224,070,000 is the amount for the acquisition and construction financing of the development.
The 100-acre site is among the last large contiguous land parcels remaining in the area and is centrally located in the highly desirable Southeast Valley submarket of Metropolitan Phoenix.
Advisors
Cushman & Wakefield arranged the US$ 224 million construction loan.
Wharton Industrial is part of New York-based Wharton Equity Partners, LLC, which was founded by Peter C. Lewis in 1987.
