North Phoenix is trading cubicles for concrete at one of its most visible freeway crossroads. ReDiscover Logistics Park is set to overhaul roughly 43.5 acres just off the Loop 101 and I-17 interchange, turning the former Deer Valley Innovation Park into about 808,000 square feet of warehouses and light-manufacturing space spread across four buildings. Developers ViaWest Group and Barings broke ground in December 2025 and expect to deliver the park in the first quarter of 2027. Sitting just minutes from the Taiwan Semiconductor Manufacturing Company campus, the project is tailored for suppliers and advanced manufacturers that want to plug into the region’s growing chip ecosystem.
As reported by The Arizona Republic, the industrial campus will rise at 2402 W. Beardsley Road on the northeast corner of Loop 101 and I-17, wiping out the nearly 44-acre office park that has long occupied the site. Brokerage firm CBRE, which represented the buyers, describes ReDiscover as a four-building, Class A industrial project aimed squarely at manufacturing and distribution users. Public records show ViaWest and Barings paid about $60 million to Verde Investments for the property, according to Compass.
Park design and specs
The current site plan calls for four buildings ranging from roughly 189,000 to 212,000 square feet, with clear heights between 32 and 36 feet and around 40 dock doors per building. Marketing materials and the official listing highlight 200-foot truck courts, 60-foot speed bays and 980 parking spaces, along with metal roof decks pre-engineered to support solar panels, according to LoopNet. The project’s general contractor notes FM Global-compliant sprinkler systems, 8-inch reinforced concrete floors and heavy-power capability intended to accommodate manufacturing uses, per Willmeng Construction.
Financing and timeline
On the capital side, JLL Capital Markets arranged roughly $107 million in construction financing for ReDiscover and reports that construction is underway, according to JLL. In its release, the firm noted the site sits "approximately 15 minutes" from TSMC’s Phoenix manufacturing campus and reiterated that completion is anticipated in the first quarter of 2027, framing the park as part of the fast-forming semiconductor supply chain. Industry coverage from Connect CRE likewise reports that the partners have broken ground and are targeting an early 2027 delivery.
What it means for North Phoenix
Local brokers and business outlets say ReDiscover is one piece of a broader office-to-industrial shuffle in the area, driven heavily by TSMC’s presence. Developers are zeroing in on older office parks near the fabs to meet tight supplier requirements and bring production closer to the chip lines. The Phoenix Business Journal reported that proximity to TSMC was a key factor for this deal and that developers are designing thicker slabs and upgraded building systems to support manufacturing tenants. Neighbors can expect more truck traffic in the corridor, but the project also tees up new industrial jobs tied to the semiconductor cluster.
Leasing materials show divisible suites and spec office space within each of the four buildings, with availability lined up to match the project’s delivery window. For now, developers and brokers are steering prospective tenants to public marketing channels for the fine print; see LoopNet and ViaWest Group for current leasing details.
