Partners Group and ViaWest Group Group land $122M financing for newly constructed Phoenix industrial campus

PHOENIX, June 22, 2026 - JLL Capital Markets announced today that Partners Group, one of the largest firms in the global private markets industry, and ViaWest Group have secured $122 million in bridge financing for The Base, a newly constructed, seven-building industrial campus totaling 1,182,865 square feet in Glendale, Arizona, through Pacific Life Insurance Company.

Partners Group and ViaWest Group own The Base, which represents one of the most sophisticated industrial developments to come online in the West Valley, through a joint venture. Partners Group holds a majority stake in the JV.

The Base features premium specifications that include 32-foot to 36-foot clear heights, heavy-power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems and R-38 roof insulation. The campus is designed with optimal truck circulation, accommodating 222 dock-high doors, 39 grade-level doors, 105 trailer parking spaces and 1,363 automobile parking spaces. The property offers exceptional operational flexibility with the ability to accommodate single or multi-tenant configurations across varying suite sizes. Construction of all buildings and make-ready tenant improvements was completed in early 2026.

Strategically positioned at the northwest corner of Litchfield Rd. and Bethany Home Rd., The Base benefits from superior connectivity to the Greater Phoenix Metro through Loop 303, Loop 101 and Interstate 10. The location provides access to major West Coast markets including Los Angeles, San Diego and Las Vegas, reaching a combined population exceeding 30 million within a single day's drive time. The campus sits within five miles of Glendale Municipal Airport, 7.5 miles from Phoenix-Goodyear Airport and 26 miles from Phoenix Sky Harbor International Airport.

The campus benefits from immediate proximity to Luke Air Force Base, which generates $2.8 billion in annual economic impact and employs more than 7,000 military and civilian personnel. This positioning creates natural synergies for defense contractors, aerospace suppliers and specialized service providers requiring close coordination with military operations. The Base is also surrounded by retail amenities and sits within a labor pool that includes 288,000 households in a 10-mile radius.

"We have thematic conviction in the Phoenix industrial market, which benefits from strong population growth and a key position as a logistics hub," said Henrik Orrbeck, Global Co-Head of Real Estate at Partners Group. "Our strategy for The Base North is to capitalize on these trends by providing best-in-class assets with modern specifications that can meet the needs of logistics, e-commerce, and advanced manufacturing tenants. We are pleased with the result of this financing, which builds on recent leasing momentum."

The JLL team was led by Capital Markets President Kevin MacKenzie, Senior Director Jason Carlos and Senior Analysts Lilley Kroll and Ross Jorgensen.

"The debt markets continue to present an unmet supply of capital for well-sponsored opportunities - particularly in favorable markets like Phoenix," said MacKenzie. "Lenders are actively deploying into lease-up scenarios backed by experienced sponsors, and we're seeing access to capital that extends runway to execute the business plan, reduces cost of capital and funds the leasing costs needed to stabilize. The Base is precisely the type of opportunity that attracts that conviction."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.