{"id":1004710365,"date":"2024-04-15T03:32:22","date_gmt":"2024-04-15T11:32:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004710365"},"modified":"2024-04-23T09:46:45","modified_gmt":"2024-04-23T17:46:45","slug":"hvac-manufacturer-breaks-ground-on-phase-i-of-300m-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hvac-manufacturer-breaks-ground-on-phase-i-of-300m-project\/","title":{"rendered":"HVAC Manufacturer Launches $300M Project"},"content":{"rendered":"\n<p>On April 16th, XNRGY Climate Systems ULC, a manufacturer specializing in energy-efficient HVAC products, will officially break ground on a 275,000-square-foot sustainable manufacturing facility in Mesa, Ariz.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"610\" data-attachment-id=\"1004710383\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hvac-manufacturer-breaks-ground-on-phase-i-of-300m-project\/xnrgy-project-featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg\" data-orig-size=\"801,610\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"XNRGY-project-featured\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;XNRGY will break ground on a sustainable manufacturing facility in Mesa, Ariz., on April 16th. Image courtesy of XNRGY Climate Systems ULC&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg?w=801\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg\" alt=\"\" class=\"wp-image-1004710383\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg?resize=300,228 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/XNRGY-project-featured.jpg?resize=768,585 768w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><figcaption class=\"wp-element-caption\">XNRGY will break ground on a sustainable manufacturing facility in Mesa, Ariz., tomorrow, on April 16th.<em> Image courtesy of XNRGY Climate Systems ULC<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The project is the initial phase of a four-phase expansion in metro Phoenix for XNRGY, which is headquartered in Saint-Hubert, Quebec, in metro Montreal. The company reports its total investment in this expansion is about $300 million. The end result will be a 1 million-square-foot sustainable manufacturing hub.<\/p>\n\n\n\n<p>XNRGY\u2019s customers include data centers, industrial and institutional buildings, life science facilities, health-care facilities, and lithium-ion battery plants.<\/p>\n\n\n\n<p>The company\u2019s development partner is The Boyer Co., of Salt Lake City, which <a href=\"https:\/\/www.commercialsearch.com\/news\/xnrgy-lands-financing-for-1st-phase-of-1-msf-factory\/\">also provided financing for this initial phase<\/a>, and the facility was designed by Gensler. XNRGY was working at least as early as January 2022 to get this project rolling, according to a statement at that time from the Arizona Commerce Authority.&nbsp;<\/p>\n\n\n\n<p>The 38.4-acre site is at the intersection of East Elliot Road and South Signal Butte Road in the Elliot Tech Corridor, less than 9 miles from the Phoenix-Mesa Gateway Airport and around 40 miles east of downtown Phoenix. The location has easy access to Highways 202 and 60.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-could-be-hotter\">Could be hotter<\/h2>\n\n\n\n<p>The metro Phoenix industrial space market has seen a recent uptick in overall vacancy, to 10.6 percent, according to a first-quarter report from JLL. Fortunately, the construction pipeline is contracting, yet only about one-third of the space that\u2019s underway is preleased.<\/p>\n\n\n\n<p>Meanwhile, rent growth is slowing and concessions are rising, also according to JLL, which indicates that \u201cvacancies may reach an inflection point during the first half of 2025 and then begin a period of gradual decline.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upon completion, the metro Phoenix development will total 1 million square feet. <\/p>\n","protected":false},"author":882,"featured_media":1004710383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742,1601,15],"tags":[52380],"class_list":["post-1004710365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","category-phoenix","category-west","tag-xnrgy-climate-systems"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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