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Hewson Purchases Land At Dover Industrial Park For Commercial Development
MESA, Ariz. (Mar. 1, 2006) -- The Hewson Company, a Phoenix-based commercial developer, has purchased 7.82 acres at Dover Industrial Park. The parcel is located just north of the northwest corner of Greenfield and McDowell roads.
Hewson purchased the property from Dover Associates, LLC and plans to build a 100,000-square-foot speculative industrial building. The Dover Industrial Park is managed and marketed by Daedalus Real Estate Advisors of Phoenix.
This marks the second parcel Hewson has acquired in the Dover Industrial Park. The developer recently completed construction of three of the five-building Hewson Dover Business Center project, which consists of a speculative, light industrial facility and two office condo facilities.
"As the Valley's commercial marketplace expands, this location near the Loop 202 Freeway is attracting a great deal of leasing attention and Hewson is excited to be in the Falcon Field area," says Dave Lord, chief operating officer of The Hewson Company.
"Hewson's purchase of this parcel brings Dover Industrial Park to more than ninety percent sold," says Joe Isbell, chief operating officer and designated broker with Daedalus Real Estate Advisors. "The park benefits from a wide variety of business facilities that reflect our commitment to high quality design and construction. Hewson's project demonstrates that dedication to quality and we're pleased to have them expand their holdings in the park."
Dover Industrial Park is a 65-acre industrial, office and commercial development park at the northwest corner of Greenfield and McDowell Roads in North Mesa. Dover Industrial Park currently includes Aliant Tech Systems (ATK); Hunter's; Kennedy Design Build; Trans-Matic; and Standard Bolt/Chrome Hardware Supply. Dover Associates, LLC purchased the park in 1999 from The Boeing Company.
About Daedalus Real Estate Advisors, LLC
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.
Recognized in 2004 and 2005 as one of the state's most influential developers by Arizona Business
Magazine, Daedalus creates exclusive lifestyle experiences through office, industrial, retail,
golf and residential development. For more information visit www.daedalusllc.com.
About The Hewson Company
The Hewson Company, founded in 1976, is one of the leading developers/managers of office and industrial
properties in the western United States. The Phoenix-based firm, which also operates in Southern
California, has developed approximately 15 million square feet of commercial real estate in Arizona,
California, Mississippi, Tennessee and Utah
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