Mainspring Capital Group's Pima Center is Largest Third-Party Lease on Indian Land in the United States

PHOENIX--()--Dec. 2, 2003--

  Unique Partnership With More Than 200 Salt River-Pima Maricopa Indian Community Members Will Bring 209-Acre Business Park to Scottsdale  

A unique partnership between Mainspring Capital Group, a Phoenix-based commercial developer, and 202 Salt River-Pima Maricopa Indian Community landowners will bring a national caliber 209-acre, multiuse business park to metropolitan Phoenix.

Called the Pima Center, the business park site is located on the west side of the Loop 101 in Scottsdale and is the largest third-party lease on Indian land in the United States.

Bordered by Via de Ventura Road, Pima Road and the 101 on Salt River-Pima Maricopa Indian land, the project is expected to generate $5 million a year to the community at full development. Full buildout is projected to take eight years with up to 4 million square feet of mixed-use space including hotel, retail, office and flex and assembly distribution.

Work on the infrastructure will begin the first quarter of 2004.

"This project is underway," said Gerald Blomquist, project director and a Mainspring Capital partner. "The formal agreement, including development guidelines, has been adopted and signed and we are already getting calls from possible tenants and developers."

The Pima Center will be the first major business park in metropolitan Phoenix with a consistent set of design standards formally adopted in the partnership agreement before development begins.

Strict design and development guidelines will ensure a quality, aesthetically pleasing and culturally sensitive appearance across the entire landscape of the park. Landscaping and the architectural design of buildings will demonstrate environmental sensitivity natural to the area.

The Pima Center will be the only commerce center in the region zoned for a well-designed, quality light assembly and distribution area inside the business park. These 60 acres will adhere to the same set of stringent standards and guidelines.

"This project is a result of six years of relationship building and is truly collaboration at its very best," Blomquist said. "Both partners as well as the greater Phoenix metropolitan area will benefit from the development of one of the finest commerce centers in Arizona. We believe the Pima Center will stand out nationally as well."

"This is for our children and grandchildren. This partnership will provide for the future generations of our community," said Rechanda Howard, one of the Salt River landowners who was instrumental in pursuing and ultimately forging a strong alliance with Mainspring. "It will provide money for education and for our community. We made sure that our entire family was involved in every step of the process so that they understood what was happening, what it means and why we believe so strongly in this partnership."

Contacts

Mainspring Capital Group
Gerry Blomquist, 602-840-6555, ext. 250
or
The Kur Carr Group Inc.
Sally Kur or Steve Carr, 602-253-5838
kurcarr@amug.org

Contacts

Mainspring Capital Group
Gerry Blomquist, 602-840-6555, ext. 250
or
The Kur Carr Group Inc.
Sally Kur or Steve Carr, 602-253-5838
kurcarr@amug.org