Majestic Realty Co. has entered into a long-term agreement with the Salt River Pima-Maricopa Indian Community (SRPMIC) to bring a new light industrial project to tribal land serving both the Community and the greater Phoenix metro area. The parties have executed a 99-year ground lease, which will provide the real estate framework for the planned development and secure control of the site for nearly a century. The project is being positioned as a modern industrial hub intended to support a range of production and distribution users while creating new space in a high-demand regional logistics market.
The development is anticipated to break ground in 2027, with plans calling for up to eight Class-A light industrial buildings. The overall project is expected to total just under one million square feet, with individual building footprints reaching up to 200,000 square feet. Buildings are planned to be divisible to approximately 20,000 square feet, offering flexibility for a mix of small, midsize, and larger industrial users. Each building is designed to include dock-high doors and contemporary amenities, as well as current safety features associated with best-in-class light industrial facilities.
The planned industrial park will be located adjacent to the Talking Stick Resort, placing the project in an established destination area within SRPMIC lands. The proximity to the resort positions the industrial facilities within an active corridor that already draws regional traffic and investment. The development is intended to accommodate a range of tenants whose operations align with the Community’s planning objectives and industrial use profile.
Approved uses for the project encompass a variety of industrial and production categories. Potential tenants may include food processing operations, bottling plants, printing and publishing businesses, and machine shops. Manufacturing and distribution users are also contemplated, among other compatible industrial activities. By formally defining these uses in advance, the parties have created a clear framework for future leasing within the project, helping to guide tenant mix and operational expectations.
While the agreement establishes the ground lease structure and outlines the scope of the planned buildings and uses, specific financial terms, development costs, and tenancy details have not been disclosed. The project remains in the planning phase ahead of its expected 2027 groundbreaking, with further information on phasing, lease-up, and tenant commitments to be determined as the development progresses.
