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Creation, a leading real estate development and alternative investment firm, in partnership with PGIM Real Estate, the real estate investment and financing arm of Prudential Financial Inc, has closed on a 16.45-acre site in North Scottsdale to develop The Loop, a premier Class-A industrial development breaking ground this summer.

This undeveloped parcel is situated at Loop 101 and East Princess Drive in the Perimeter Center. The prime location offers unparalleled freeway visibility with full-diamond access, ensuring seamless transportation and connectivity.

Spanning 267,640 square feet, The Loop will feature four industrial buildings with elevated design and premier building features tailored to accommodate industrial showroom, light manufacturing, skilled assembly and distribution tenants. The development will also incorporate sustainable elements such as low-impact landscaping and EV charging pedestals.