**Formation Interests to Convert Phoenix Office Campus into Industrial Business Park**
Formation Interests has announced plans to redevelop a seven-building office campus in Phoenix into a state-of-the-art industrial business park named *FORMATION PARK 17*. The existing 338,048-square-foot office complex will be transformed into a four-building, Class AA industrial facility totaling 428,011 square feet.
Demolition of the current structures is slated to begin soon and will span approximately three months. Construction is scheduled to commence in August, with project completion anticipated in Fall 2026. Willmeng Construction will lead the building efforts.
Leasing for the project is being managed by CBRE’s Cooper Fratt, John Werstler, and Tanner Ferrandi.
The speculative development is supported by a joint venture that includes equity and construction financing partners such as Crow Holdings Capital, Comerica Bank, American National Bank of Texas, and Formation Interests’ Southwest Team. Situated along the I-17 Corridor in North Central Phoenix, FORMATION PARK 17 aims to meet the growing demand for high-quality industrial space in the region.
