Pacific Life Insurance Company Provides $107 Million Construction Loan For ViaWest Group's Development Site In Phoenix

The property involved in this transaction is a development site located at 2402 West Beardsley Road West in Phoenix, AZ. The asset has a building square footage of 808,448 and is part of the ReDiscover Logistics Park project. A construction loan of $107,000,000 was secured for this site.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $107,000,000
• Address: 2402 West Beardsley Road West
• Market: Phoenix, AZ
• Building Square Footage: 808,448
• Lender: Pacific Life Insurance Company
• Landlord: ViaWest Group
• Loan Type: Construction

The deal was arranged by JLL Capital Markets, marking Arizona’s largest speculative industrial construction loan for the year 2025. This highlights the involvement of key players in the real estate and finance sectors concerning the development of logistics facilities in the area.