JLL Capital Markets has confirmed it has arranged $107 million in construction financing for the development of ReDiscover Logistics Park, a major industrial project in Phoenix, Arizona.

The loan was secured on behalf of ViaWest Group and Barings through a life insurance company lender. The scheme spans 808,448 square feet across four industrial buildings located at 2402 W Beardsley Rd., within the Deer Valley submarket. Situated adjacent to the Loop 101 and Interstate 17 interchange, the site offers immediate access to key transport routes serving the wider region.

Covering 43.5 acres, the development is positioned roughly 15 minutes from Taiwan Semiconductor Manufacturing Company’s $165 billion facility, a flagship semiconductor hub expected to draw a significant ecosystem of suppliers and associated services to the area.

ReDiscover Logistics Park will comprise buildings ranging from 189,280 to 212,000 square feet, with clear heights between 32 and 36 feet. The design includes flexible layouts, a 200-foot shared truck court depth, FM Global-compliant sprinkler systems and a total of 980 parking spaces. The specification aligns with the needs of advanced manufacturing and distribution operators targeting space in proximity to TSMC’s growing presence.

Construction has begun, and completion is expected in the first quarter of 2027.

JLL’s financing advisory was led by Capital Markets President Kevin MacKenzie, Senior Director Jason Carlos and Analyst Lilley Kroll.

“We’re seeing unprecedented demand in the Deer Valley submarket driven by TSMC’s transformational investment and the broader semiconductor supply chain ecosystem it’s creating,” said Carlos. “With no additional development currently under construction in the submarket and active tenant requirements exceeding available vacancy, ReDiscover Logistics Park’s premium specifications and irreplaceable location at the Loop 101 and I-17 interchange make it ideally positioned to serve the next generation of tenants seeking proximity to this critical industrial hub.”

The Deer Valley area has seen increased attention as advanced manufacturing growth reshapes industrial demand across the Phoenix market. Developers have continued to target large-format space with modern build standards as regional investment activity accelerates.

JLL Capital Markets said its advisory work reflects ongoing investor interest in well-connected industrial developments, supported by both local infrastructure and wider economic expansion linked to semiconductor manufacturing.