Axonic Capital participated as a joint venture partner alongside Machine Investment Group and Miramar Capital in the acquisition of The Hub @ 202, a 1,271,390-square-foot, 10-building industrial park in Phoenix’s Southeast Valley. Capital is planned for deployment into the property to deliver move-in ready industrial suites targeting broad tenant demand.
The Phoenix market is supported by strong population growth, a deep labor pool and proximity to major manufacturing investment, including TSMC’s announced expansion of up to $165 billion in semiconductor fabrication capacity in North Phoenix.
Read the full announcement here.