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Greystar Completes 1 msf of Spec Industrial Space in Mesa, AZ

4/23/24

Greystar has completed its first 1.074 msf of space at Gateway Grand, a Class A industrial development in Mesa, AZ. The development represents the firm’s first industrial project to deliver in the state.

At completion, Gateway Grand will total 2.1 msf in two phases. It is part of Greystar’s more than 2.5 msf of Class A industrial space completed or planned in metro Phoenix. Derek Builders is the project’s general contractor. Deutsch Architecture Group is the architect.

Located at 7852 and 8016 E. Pecos Rd, Gateway Grand Phase I sits at the northeast corner of Sossaman and Pecos roads, in the City of Mesa’s Pecos Advanced Manufacturing Zone. It is minutes from Phoenix-Mesa Gateway Airport, the Loop 202 and State Route 24.

With speculative office space in place and initial HVAC on site, Gateway Grand Phase I offers two 537.4k sf buildings that are move-in ready for a range of users. This includes significant demand from aerospace and advanced manufacturing companies.

“Growth in the Gateway submarket is rapid, and Gateway Grand was developed with features that ensure companies can occupy its space immediately,” said Billy Cundiff, Greystar Managing Director. “Each building has up to 3.2k sf of move-in-ready office space with enough speculative HVAC and lighting to furnish one building. City approval allows a tenant to occupy 150k sf in either building immediately and move into the remainder of the space as they secure permits.”

Speculative office space in the Phase I buildings includes conference rooms, break rooms, open and private offices, and restrooms. Features of the industrial space includes 40’ clear height, 60’ x 60’ column spacing, 70’ speed bay, ESFR sprinklers and 7” slabs. Each building has 98 dock-high and four grade-level doors, supports 518 auto parking spaces and is equipped with 3600 amps of power that is easily expandable via additional SES electrical gear on order.

Phase I is available for immediate occupancy. Phase II is available for build-to-suit. Jackie Orcutt, Kevin Cosca, Pete Wentis and Jonathan Teeter of CBRE are the project’s exclusive leasing brokers.

“This is a dynamic economic environment with some of the region’s most desirable workforce demographics and tremendous access to air, rail and road networks,” said Orcutt.

Phase II totals 1.096 msf in a single building and is rail capable, with adjacency to Union Pacific’s planned Pecos Industrial Rail and Train Extension. Building features mirror those of Phase I with an expanded 192 dock doors, 7” unreinforced slab over 4” ABC, 843 auto parking spaces and 2k sf of speculative office space.

Gateway Grand is Foreign Trade Zone capable, with the potential to reduce property taxes by more than 72% in perpetuity for qualified users.

The development is proximate to expansive dining, retail and hotels. The submarket is also home to major educational institutions including Arizona State University, Chandler-Gilbert Community College and the East Valley Institute of Technology.




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