Formation Interests has announced plans to transform an outdated office complex in Phoenix into a modern transit-oriented business park. The project, called Formation Park 17, will be situated directly across from the newly redeveloped Metrocenter mall with an $850 million investment. Spanning 22 acres of land, the park will consist of four industrial buildings totaling 425,280 square feet. Its focus industries include manufacturing, semiconductors, and warehouse and distribution.
The industrial buildings within Formation Park 17 will range in size from 95,200 square feet to 111
