Caliber CEO Chris Loeffler discusses the real estate investment companies acquisitions in downtown Mesa, Arizona, part of a larger redevelopment, Opportunity Zone initiative that includes a new campus of Arizona State University.
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Attending the groundbreaking for Park303, a major master-planned development that at build-out will accommodate up to 4.5 million square feet of Class A industrial space in Glendale, are Glendale Vice Mayor Ray Malnar; Glendale Councilmember Joyce Clark; Sintra Hoffman, president and CEO of WESTMARC; Glendale Mayor Jerry Weiers; Paul Hughes, executive vice president of business development for the Arizona Commerce Authority; David Krumwiede, executive vice president of Lincoln Property Company; and Glendale Councilmember Bart Turner.
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One of the largest “free trade” zone designations in Arizona has been issued for a distribution center in Chandler operated by Phoenix-based Avnet, a technology solutions company with millions of customers worldwide.
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Congressional legislators from both sides of the aisle came together last year to create an important economic development tool – Opportunity Zone Funds.
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