Work begins on professional park

Clarius Partners LLC, a Chicago development company, has broken ground on the 60-acre SkyWay 202 Professional Park at the southwest corner of Loop 202 and 40th Street in Phoenix. The first structure to be built is the $57 million, 94,000-square-foot Southwest Orthopedic and Spine Hospital. It’s full speed ahead as soon as the ground dries out from the rain, according to Steven Duncan, managing principal of Clarius. “I say there’s more dirt-moving equipment there than anywhere in the Valley,” he said. The site was leased from the Arizona State Land Department after the development firm won an auction in March 2006. The lease amount over 65 years is $238.8 million. Deputy Land Commissioner Vanessa Hickman said the Land Department is thrilled that the project is moving forward and that Clarius is current on its payments. Hickman said numerous parties that won auctions during the run-up in land values in the mid-2000s have returned land to the state because they were unable to move forward with development plans. “We’ve seen a substantial amount of land returned to inventory,” she said.

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