Mesa industrial park sells for $135M in one of the year’s largest deals

A massive 1.27 million-square-foot industrial park in southeastern Mesa called The Hub @ 202 has sold for $135 million.

BY HELENA WEGNER/PHOENIX BUSINESS JOURNAL

Jun 6, 2026, 6:31 AM Updated: Jun 7, 2026, 12:14 pm

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A massive 1.27 million-square-foot industrial park in southeastern Mesa has sold for $135 million, making it one of the largest industrial sales so far this year.

The Hub @ 202 was acquired by New York-based Machine Investment Group, in partnership with Axonic Capital LLC and Miramar Capital, from Wharton Industrial, the company said. The sale closed June 1, according to Tempe-based real estate database Vizzda LLC.

Cushman & Wakefield brokers represented both parties in the sale. The team included Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren. Also involved were leasing advisors Ken McQueen, Chris McClurg, Blake Peters, and Jack Sims of Lee & Associates.

The Hub @ 202 is on 88.5 acres of land on the northwest corner of Sossoman and Warner roads, near the Mesa Gateway Airport. The sale includes 10 buildings that range in size from 65,000 to 270,000 square feet. The building shells were completed in 2024, a Machine Investment Group spokesperson told the Business Journal.

This story is posted in partnership with Phoenix Business Journal. Click to the read full story.