BlackRidge Real Estate Group had successfully used its transaction-tested, development approach on many industrial properties in Phoenix prior to commencing work on the Lower Buckeye development.
The underwriting and entitlement of the Northgate Commerce Park (“NCP”) development opportunity procured by BlackRidge Real Estate Group, took almost three years to complete.
The Principals of BlackRidge along with Majestic Realty Co. as our development partner developed the Reywest Commerce Center project. Although zoned industrial and almost pad ready, the site was an industrial infill project not without challenges.
The Tolleson Industrial Park development opportunity had many inherent challenges that forced two previous developers to abandon their ambition to develop the site.
Upon completing the two building, 833,000 square foot Majestic International Tradeport project with Majestic Realty Co., we began to search for our next development project in the growing port market of Jacksonville, Florida.
"“The Principals of BlackRidge are an example of how to do things right when entering a market. I have been impressed not only by their ability to underwrite the Jacksonville market, but to listen first and then implement the most successful strategy.”"
- Nathan Rogers, First Vice President CB Richard Ellis