ICM Announces Sale of Remaining Industrial Property at Mack Innovation Park
(March 2026 – Calgary, Alberta) ICM Asset Management (“ICM”) is pleased to announce the sale of the remaining land parcels at Mack Innovation Park, marking the completion of the project’s development and land disposition phases.
This milestone follows the previously announced sale of Phase I of Mack Innovation Park and represents the culmination of a multi-phase industrial real estate development in the Phoenix, Arizona market.
“Mack Innovation Park is a strong example of how we approach development in high-growth markets. By combining disciplined capital deployment with experienced regional partners, we’ve been able to advance the project through multiple phases and bring it to completion.”
— John Courtliff, CEO & Portfolio Manager, ICM Asset Management
Mack Innovation Park is a large-scale industrial real estate development located in one of the fastest-growing regions in the U.S. Sun Belt, benefiting from sustained population growth, corporate migration, and continued demand for logistics and industrial space.
The project was developed in partnership with Mack Real Estate Group, whose regional and national expertise and operating capabilities were instrumental in advancing each phase of the development.
“The north Phoenix market continues to demonstrate strong fundamentals, particularly in the industrial sector, as companies that want to and need to be close to TSMC look for space. Through our partnership with Mack Real Estate Group, we’ve been able to execute across multiple phases of Mack Innovation Park in step with that demand.”
— Spencer Patton, Partner and Managing Director, U.S. Operations, ICM Asset Management
The completion of Mack Innovation Park reflects ICM’s approach to identifying and executing on opportunities in U.S. commercial real estate, with a focus on industrial assets in high-growth Sun Belt markets.
ICM U.S. Co-Investment Real Estate LP III
ICM continues to manage and deploy capital across its U.S. real estate strategies, including ICM U.S. Co-Investment Real Estate LP III (“USCI III”), a private limited partnership focused on opportunistic acquisition, development, leasing and stabilization of high-quality real estate assets across the U.S. Sun Belt.
With prior investments advancing through their lifecycle, USCI III reflects the continuation of ICM’s U.S. real estate strategy.