Creation, a leading real estate development and alternative investment firm, in partnership with PGIM Real Estate, the real estate investment and financing arm of Prudential Financial Inc, has closed on a 16.45-acre site in North Scottsdale to develop The Loop, a premier Class-A industrial development breaking ground this summer.
This undeveloped parcel is situated at Loop 101 and East Princess Drive in the Perimeter Center. The prime location offers unparalleled freeway visibility with full-diamond access, ensuring seamless transportation and connectivity.
Spanning 267,640 square feet, The Loop will feature four industrial buildings with elevated design and premier building features tailored to accommodate industrial showroom, light manufacturing, skilled assembly and distribution tenants. The development will also incorporate sustainable elements such as low-impact landscaping and EV charging pedestals.
“With consistently low vacancy rates, a lack of available land sites and aging existing inventory, North Scottsdale is desperately in need of modern industrial buildings,” said Grant Kingdon, principal of Creation’s Mountain West Region. “We are eager to bring state-of-the-art facilities that will attract premier employers to this in-demand submarket with the introduction of The Loop.”
The Loop is slated for completion in late 2026. LGE Design Build will serve as both the architect and construction firm for the project. Pat Harlan and Steve Larsen with JLL will market the buildings for lease or sale.
Creation currently has several high-profile projects recently completed, underway or upcoming across the Valley, including Thunderbird Commerce Park in Scottsdale, Park Algodon in Phoenix, Source Business Center and Nexus Commerce Center in Tempe, Heritage Park in Gilbert and The Switchyard in Queen Creek.
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