June 27, 2022

Contour, Miramar Industrial Partners and partner DWS Group, Secure $68 Million Construction Loan and Break Ground on 77-acre Industrial Center in the Greater Phoenix Area

(Buckeye, Ariz. – June 27, 2022) – Today, Contour, a leading privately-held real estate and development company, and co-developer Miramar Industrial Partners, the industrial operating and investment arm of Miramar Capital, announced that they secured a $68 million construction loan from Bank OZK with capital partner DWS for a 77-acre industrial center located on the southeast corner of Southern Avenue and Apache Road in Buckeye, Arizona. The announcement paves the way for the next phase in the building’s development, which broke ground on June 1st.

The project, known as Southern Industrial Center, will include the development of an expansive 1.2 million-square-foot industrial facility. When complete, the facility will be able to accommodate e-commerce, warehouse, and logistics tenants in need of a regional distribution hub in one of the fastest growing industrial markets in the U.S.

“Southwest Phoenix is an attractive market for large-scale Class-A industrial developments,” said Contour’s President, Ted Fentin. “A strong labor market and well-positioned access to major regional and interstate highways has driven tremendous demand over the last few years.” Fentin continues, “OZK Bank is a trusted financial partner, and we are thrilled to be working with their team on this new industrial center that will serve as a valuable asset in the West Valley of Phoenix.”

“We’re very excited to work with Contour, Miramar and the entire development team on the construction financing for Southern Industrial Center,” said Jason Choulochas, Executive Vice President, Bank OZK. Choulochas continues, “We have a long, successful track record over the last decade with Ted Fentin and his team, and are thrilled to officially kick off our relationship with Contour, Miramar and DWS.”

The three entities acquired the land for development in late-2021. Construction of the new industrial center is slated for completion in summer 2023.

“We’re happy to officially begin construction on this 1.2 million square foot building, one of only a few slated to be delivered across the region within the next 12-18 months,” said Founder and Chief Executive Officer, David Daneshforooz. “When we first entered the Phoenix metro area 18 months ago, we knew the market was ripe for industrial development, especially demand in west valley for larger buildings. We have since acquired the land for three large-scale industrial projects across the Phoenix Valley totaling 3.6 million square feet of development, two of which are or will be under construction this summer and set to be completed next year.”

Located in the westernmost suburb in the Phoenix metropolitan area, Buckeye offers direct accessibility to the Inland Empire and Port of Los Angeles via Interstate 10, as well as convenient local access from Arizona State Route 85.

JLL is leading tenant leasing for Southern Industrial Center. For more information about the development of Southern Industrial Center, please visit www.ContourRE.com.

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About Contour
Contour is a privately-owned commercial real estate investment and development company formed in 2018 as the vertical development arm of a family-owned land-trade business established in 1987. The company is a vertically integrated opportunistic real estate firm that develops, owns and operates property throughout the United States. Contour’s decisions are guided by market-leading research and a commitment to precise execution while remaining entrepreneurial in its approach to opportunity. Contour’s executive management team has over 100 years of experience spanning more than 75 million square feet and $45 billion across all asset classes. Contour’s California office is located at 3200 Park Center Drive, Suite 1240 Costa Mesa, CA 92626. For more information about the company, its team and its work, visit www.ContourRE.com.

About Miramar Industrial Partners / Miramar Capital
Miramar Industrial Partners is industrial-focused investment arm of Miramar Capital Advisors, LLC (“Miramar”), a private real estate operating and investment platform founded in 2017. Miramar Industrial is focused on acquiring and developing high-quality industrial real estate across the U.S. Miramar Capital was founded in 2017 by senior members of the U.S. acquisitions team from Colony Capital, Inc., who have been working and investing together for nearly 15 years across the U.S., in all major asset classes, and up and down the capital stack. Today, Miramar Capital has completed over 40 transactions with 10 realizations/recapitalizations, and has approximately $2.5 billion of assets under management. The firm is based in Los Angeles, California with a regional office located
in Silicon Valley.

About DWS Group
DWS Group (DWS) is one of the world’s leading asset managers with EUR 902bn of assets under management (as of 31 March 2022). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, longevity, and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that both as a firm as well as a trusted advisor to our clients, we have an important role in helping navigate the transition to a more sustainable future. With approximately 3,600 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.