Project Overview
Innovate 48 is a speculative industrial development strategically positioned on an urban infill site just one mile from Phoenix Sky Harbor International Airport, five miles from both downtown Phoenix and Old Town Scottsdale and with direct access to the Valley Metro Light Rail and major freeways. Ryan partnered with Alidade Capital in a joint venture to redevelop the former Red Mountain Corporate Center, a 126,048-SF office building, into a much–needed 164,811-SF Class A speculative industrial facility. Innovate 48 exemplifies how thoughtful redevelopment can revitalize underutilized properties through smart design, strategic location and our team’s agility.
Unique Features
- 32-foot clear heights
- 25 dock doors
- 4 grade-level doors
- Fully secured concrete truck court with 17 trailer stalls
Outcomes
- Revitalized an existing office building into a profitable, high-performing Class A speculative industrial asset, ideally suited for businesses that prioritize fast, efficient transportation and access to a highly skilled workforce.
- Enhanced tenant operational efficiency through a strategic location with direct access to multiple forms of transportation paired with modern industrial design features tailored to today’s distribution and logistics users.
- Successfully overcame unexpected “hard dig” site conditions, including massive underground granite formations, by quickly mobilizing specialized equipment to maintain project momentum and deliver a fully prepared site.
- Showcased the power of our integrated model, with our development, construction, capital markets and civil teams working in lockstep alongside Alidade to seamlessly execute the redevelopment and deliver a high-performing industrial project.
