CBRE Represents ViaWest Group & Barings in Acquisition of Deer Valley Industrial Redevelopment Site

CBRE has arranged the acquisition of the Deer Valley Innovation Park, a 43.5-acre site at 2402 West Beardsley Road in Phoenix. The property was acquired through a joint venture between ViaWest Group and Barings, which will redevelop the property into ReDiscover Logistics Park, a four building, Class A industrial project totaling 808,000 sq. ft.

The large parcel located just off the interchange of Interstate 17 and Loop 101 in North Phoenix currently includes a 345,000 sq. ft. former call center building, which will be demolished to make way for the industrial park. ReDiscover will deliver flexible layouts, high-quality construction and ample truck and trailer parking, catering to a wide range of industrial users.

CBRE’s Cooper Fratt, John Werstler, Tanner Ferrandi and Connie Nelson represented ViaWest Group and Barings as well as the seller in the transaction.

“ReDiscover represents a rare chance to transform a legacy site into a next-generation logistics facility,” said Fratt. “The redevelopment will deliver institutional-quality space in a location with unmatched connectivity and tenant appeal. We’re proud to contribute to a project that will help define the future of Phoenix’s industrial market.”

“This project reflects ViaWest’s ability to identify untapped opportunities in prime locations and transform them into forward-thinking developments,” said Alex Boles, Managing Director, ViaWest Group. “ReDiscover will set a new benchmark for industrial projects in North Phoenix, featuring reinforced slab, steel deck, and FM Global compliance. We’re excited to bring this vision to life in a way that supports our tenants’ needs while strengthening the broader community.”

David Otte, Managing Director, Real Estate Equity Acquisitions at Barings, said: “We’re excited to partner with ViaWest Group and collaborate with them on the transformation of the best site in Deer Valley into ReDiscover Logistics Park. This project, a property with exceptional connectivity and scale, exemplifies Barings’ commitment to investing in thoughtfully designed, strategically located industrial assets of the highest quality that meet the evolving needs of tenants and communities alike.”

ReDiscover will be delivered in February 2027, and its location offers quick access to the Taiwan Semiconductor Manufacturing plant, is near the Deer Valley Airport, and is within 30 minutes of Phoenix Sky Harbor International Airport.