AEW: AEW Provides $68M Construction Loan for Industrial Park Project in Tempe, Arizona

TEMPE, ARIZ. - AEW Capital Management has provided a $68 million construction mortgage for the development of NextWave Tempe, a Class A industrial project in Tempe. A partnership between Overton Moore Properties and Invesco Real Estate broke ground on the project, which is located at 1500 N. McClintock Drive, in mid-January. Slated for completion in the fourth quarter, NextWave Tempe will feature 689,000 square feet of industrial space spread across three buildings.The post AEW Provides $68M Construction Loan for Industrial Park Project in Tempe, Arizona appeared first on REBusinessOnline.