Real estate investment platform Machine Investment Group has acquired a 10-building industrial park in Phoenix’s Southeast Valley submarket, the company announced.

The industrial park, named The Hub @ 202, spans more than 1.27M SF across buildings ranging from 65K SF to 270K SF, according to a Monday press release. MIG acquired the park in a joint venture partnership with Miramar Capital and Axonic Capital.

MIG declined Bisnow’s request to disclose financial details of the deal.

The Southeast Valley submarket is one of the country’s “fastest-growing industrial and manufacturing corridors,” MIG said in the release. It chose the site because of the area’s business-friendly environment, talent pool and residential options.

Phoenix in general is seeing a surge in demand for industrial properties as the Taiwan Semiconductor Manufacturing Co. builds out its massive semiconductor campus, which is changing the face of the Southwest.

MIG also cited LG Energy Solution’s $5.5B build-out of a battery manufacturing complex in Queen Creek, minutes from The Hub @ 202, as another industrial project “driving increased leasing demand throughout Phoenix.”

Net absorption in Phoenix’s industrial market rose to 4.9M SF in the first quarter, up 200% from Q1 2025, according to a CBRE report. Industrial leasing activity in Metro Phoenix reached 7.3M SF in the first quarter, marking a 31% increase quarter-over-quarter and a 60% increase year-over-year, according to a Cushman & Wakefield report.

MIG said it plans to invest in the property and create “move-in ready industrial suites” designed to meet the massive market demand as well as bring in “a broad range of tenants.”

“The Hub @ 202 represents an exceptional opportunity to acquire a high-quality industrial asset in one of the country’s most dynamic growth markets at a highly attractive basis,” MIG co-founder Eric Rosenthal said in the release.