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Thursday, Sep 29, 2022
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Shopoff Realty Acquires 270 Acres in Arizona

Irvine firm plans massive manufacturing facility

Irvine-based real estate investor and developer Shopoff Realty Investments has closed on a nearly 270-acre site in Mesa, Ariz. for a proposed manufacturing project totaling up to 4.1 million square feet.

The acquisition price was not disclosed.

The former dairy farm is situated about three miles from the Phoenix-Mesa Gateway Airport. Potential plans may include 12 to 15 buildings with an average size of 500,000 square feet.

“This property is located in a burgeoning employment hub with increasing demand for manufacturing space,” President and CEO William Shopoff said in a statement. “We plan to work closely with the city to annex the property into the City of Mesa, and subsequently entitle the property for manufacturing use, in order to meet market demands.”

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