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Samuelson-Mckone Begins Construction On Two Buildings At Dover I Industrial Park

MESA, Ariz. (July 16, 2007) - Samuelson-McKone Development has begun construction on its two building Red Mountain Business Center development at Dover Industrial Park. The 65-acre park is located at the northwest corner of Greenfield and McDowell roads.

The buildings were designed to accommodate office, industrial and/or warehouse users. The first, which is located on McDowell Road and Omaha, will contain 27,437 square feet of space. The second building, situated at Omaha and Oasis streets, will contain approximately 39.039 square feet of space. Both structures will be constructed of concrete tilt panels and insulated glass and will include loading areas in the rear.

"We chose the Mesa submarket for this project because of its rapid growth and lack of this flex type property. We have chosen a design that caters to the mid-level and larger users with a maximum of 39,039 square feet," says Danny McKone of Samuelson-McKone. "There has been very little product of this size and quality being developed. Completion of these buildings is scheduled for early 2008, which we believe will be great timing for the post-holiday market upswing."

The two Samuelson-McKone structures were designed by Dickinson Architects of Phoenix and are being constructed by PFG Construction Inc. of Phoenix. Kris Martin and Marc Tuite of Grubb & Ellis BRE serve as exclusive leasing agents for the Red Mountain Business Center.

Dover Industrial Park currently contains approximately 485,000 square feet of commercial buildings. An additional 215,000 square feet is planned, including the Samuelson-McKone buildings. Dover Industrial Park contains such noteworthy businesses as Timken, Aliant Tech Systems (ATK), Cornerstone Homes, Kennedy Design Build, Trans-Matic and Standard Bolt/Chrome Hardware Supply.

Dover Industrial Park is owned by Dover Associates, LLC and is being developed by Daedalus Real Estate Advisors. Improved lots and opportunities for build-to-suit leasing are currently available. Contact Joe Isbell at Daedalus for more information (602) 889-2300.

About Daedalus Real Estate Advisors
Daedalus Real Estate Advisors, LLC, is a Phoenix based commercial real estate services company that provides investment, development and communications consulting to corporate real estate clients in Arizona and the Southwest. Consistently recognized as one of Arizona's Top 10 Developers, Daedalus creates exclusive lifestyle experiences through office, industrial, retail, golf and residential development. For more information visit www.daedalusllc.com.

About Samuelson McKone
Samuelson McKone is a Phoenix-based commercial development firm formed by experienced real estate professionals Jack Samuelson and Danny McKone. Samuelson has been developing office, industrial and retail properties in the metro Phoenix marketplace since 1978. McKone is a Phoenix native with more than 15 years of experience in leasing, sales and development of commercial properties in the Southwest. Samuelson McKone is actively building a portfolio of quality projects with a long-term hold strategy. The firm considers retail, office, industrial and multi-family real estate opportunities. Samuelson McKone can be reached at (602) 283-4887.

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