Greystar, an international development and management company, broke ground today on Gateway Grand, a more than two-million-square-foot, three-building industrial park at the northeast corner of Sossaman and Pecos Roads in Mesa.
"Mesa is experiencing substantial economic growth, especially in this area of our city," said Mesa Mayor John Giles. "This industrial park will offer another great option for manufacturing businesses looking to locate in Mesa, with the benefits of solid infrastructure and easy access to the airport, freeways and planned railroad extension."
Gateway Grand is located in the City of Mesa's Pecos Advanced Manufacturing Zone, which is just south of Phoenix-Mesa Gateway Airport, and within minutes of both State Route 24 and the Loop 202. Building A will be 1,095,961 square feet, with buildings B and C being 537,429 square feet each. All three buildings will feature 40-foot ceiling heights.
The industrial park is expected to be completed by May 2023 and will be adjacent to the forthcoming Pecos Industrial Rail and Train Extension planned by Union Pacific Railroad, which will provide significant rail freight access to companies in the area.
"This area continues to grow into a hub for economic growth, making it one of the most critical areas in the East Valley," said District 6 Councilmember Kevin Thompson. "Greystar understands its importance, and I could not be more thrilled that they chose Mesa to open their new industrial park, Gateway Grand."
Qualified companies locating at Gateway Grand may take advantage of the City of Mesa's Foreign Trade Zone providing reduced or deferred tariffs and duties, and reduced property taxes.
"Greystar Logistics is pleased to break ground on our first Class-A industrial project in Arizona. The immediate access to intermodal transportation, an educated workforce, and high population growth has created the ideal ecosystem for advanced manufacturing and logistics companies expanding their operations. Our corporate neighbors are on the forefront of progression, and we're excited to attract likeminded employers to the area," said Billy Cundiff, Greystar Managing Director. "It's been a pleasure working with the City of Mesa, and we look forward to delivering this successful project."
The builder for this project is Derek Builders. For leasing opportunities, contact CBRE representative Jackie Orcutt at 602-735-1978; Kevin Cosca, 602-735-5672; Pete Wentis, 602-735-5636; or Jonathan Teeter, 602-735-1929.