{"id":1004667122,"date":"2023-06-09T03:45:41","date_gmt":"2023-06-09T11:45:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004667122"},"modified":"2023-06-09T03:47:40","modified_gmt":"2023-06-09T11:47:40","slug":"kentwood-ventures-lands-38m-for-phoenix-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/","title":{"rendered":"Kentwood Ventures Lands $38M for Phoenix Project"},"content":{"rendered":"
\"KV<\/a>

KV Casa Grande. Image courtesy of JLL Capital Markets<\/em><\/p><\/div>\n

Kentwood Ventures<\/strong> has received $38 million in financing for the development of KV Casa Grande, a 314,453-square-foot speculative industrial building in Casa Grande, Ariz. JLL Capital Markets<\/strong> worked on behalf of the borrower to secure a $23 million loan through CrossFirst Bank<\/strong> and $15 million in joint venture equity through Blue Vista Capital Management<\/strong>.<\/p>\n

The Class A project broke ground this year in April, with a scheduled delivery in 2024. KV Casa Grande is set to feature 32-foot clear heights, a 175-foot concrete truck court, 28 dock-high doors, 14 grade-level doors and 339 parking spaces. The development team also includes Andrews Design Group<\/strong>.<\/p>\n

An Opportunity Zone development<\/h2>\n

The industrial facility is taking shape on an 18.7-acre parcel in an Opportunity Zone at the corner of Thornton Road and Lawrence Street, 50 miles from downtown Phoenix, in the Southeast Valley market. The building will have access to interstates 8 and 10. Corporate neighbors in the surrounding area include Graham Packaging, National Vitamin Co., Hexcel Corp., Franklin Foods and Walmart, among others.<\/p>\n

\n

READ ALSO<\/strong>: East Coast Ports Challenge West Coast Mainstays<\/a><\/p>\n

\n

The JLL Capital Markets Debt and Equity Advisory team was led by Senior Director Jason Carlos and Associate Jarrod Howard. Executive Managing Director Anthony Lydon, Executive Vice President John Lydon, Vice President Hagen Hyatt, alongside Associate Kelly Royle will handle leasing services for the property.<\/p>\n

Another industrial project in Phoenix was recently subject to a construction loan. Echo Real Estate Capital<\/strong> and Grandview Partners<\/strong> received $53.6 million for the development of a 676,169-square-foot building<\/a> in Waddell, Ariz. As of April, Phoenix was leading the national construction pipeline with 57.1 million square feet underway, representing 16.3 percent of stock, the latest CommercialEdge report<\/a> shows.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets arranged the equity financing and construction loan.<\/p>\n","protected":false},"author":2829,"featured_media":1004667123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21748,21742,1601,15],"tags":[35103,44006],"class_list":["post-1004667122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-industrial","category-latest","category-phoenix","category-west","tag-blue-vista-capital-management","tag-jll-capital-markets"],"acf":[],"yoast_head":"\nKentwood Ventures Lands $38M for Phoenix Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kentwood Ventures Lands $38M for Phoenix Project\" \/>\n<meta property=\"og:description\" content=\"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-09T11:45:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-09T11:47:40+00:00\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\",\"name\":\"Kentwood Ventures Lands $38M for Phoenix Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg\",\"datePublished\":\"2023-06-09T11:45:41+00:00\",\"dateModified\":\"2023-06-09T11:47:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg\",\"width\":1050,\"height\":787,\"caption\":\"KV Casa Grande. Image courtesy of JLL Capital Markets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kentwood Ventures Lands $38M for Phoenix Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kentwood Ventures Lands $38M for Phoenix Project - Commercial Property Executive","description":"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/","og_locale":"en_US","og_type":"article","og_title":"Kentwood Ventures Lands $38M for Phoenix Project","og_description":"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.","og_url":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-06-09T11:45:41+00:00","article_modified_time":"2023-06-09T11:47:40+00:00","author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/","url":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/","name":"Kentwood Ventures Lands $38M for Phoenix Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg","datePublished":"2023-06-09T11:45:41+00:00","dateModified":"2023-06-09T11:47:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"Kentwood Ventures received $38 million in financing to develop an industrial facility in Casa Grande, Ariz., 50 miles from Phoenix.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg","width":1050,"height":787,"caption":"KV Casa Grande. Image courtesy of JLL Capital Markets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/kentwood-ventures-lands-38m-for-phoenix-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Kentwood Ventures Lands $38M for Phoenix Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/KV-Casa-Grande-e1686298439905.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004667122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004667122"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004667122\/revisions"}],"predecessor-version":[{"id":1004667169,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004667122\/revisions\/1004667169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004667123"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004667122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004667122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004667122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}