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nvestors are looking to capitalize on the manufacturing boom sweeping across the nation, particularly in the Sun Belt. They're eyeing opportunities to purchase or construct warehouses, offices, hotels, and multifamily properties near factories under construction. According to Green Street, nearly half a trillion dollars have been committed towards new factories, creating a wealth of opportunities for property investors.

    In Phoenix, Arizona, Mack Real Estate Group and McCourt Partners have acquired over 2,300 acres of land for housing, hotels, restaurants, and offices near a new chip fabrication complex being developed by Taiwan Semiconductor Manufacturing Company at a cost of $65 billion. This is just one of many such projects being undertaken across the nation, including a $5.6 billion electric pickup truck plant being developed by Ford and SK On in Tennessee and Micron Technology’s chip factories near Syracuse, where Guy Hart is planning a massive redevelopment of the Great Northern Mall with 1,700 apartments and several hotels.

    However, property investors face several challenges, including intense competition for land and infrastructure concerns. Interest rates are also a concern, although they are expected to ease soon. If factory developments stall, property investors could be left with funds sunk into desolate land.

    The sustainability of this manufacturing boom is another question mark. While federal subsidies and loans are helping fund many of these projects via the 2022 CHIPS and Science Act, presidential candidate Donald Trump has been critical about subsidies going to foreign manufacturers in the United States.

    In a related development, Mack Real Estate Group has emerged as the sole bidder for a 2,300-acre plot near Phoenix, Arizona, for $56 million. The developer plans to redevelop the Great Northern Mall into a massive mixed-use project, while a curious office project has run into opposition from defenders of industrial space.