New $15.5M industrial development coming to Mesa’s Gateway area
PHOENIX — A new $15.5 million industrial development consisting of three buildings is coming soon to Mesa’s Gateway area, the city announced Monday.
The new Class A industrial development constructed by Abington Emerson is located at the northwest corner of Ray Road and 71st Street next to the Phoenix-Mesa Gateway Airport, according to a press release.
The three buildings will have a combined size of 97,121 square feet and sit on 7.25 acres, with an additional 2.2 acres available for a build-to-suit industrial opportunity.
It is expected to be completed early next year.
“Development in the Mesa Gateway area is catalyzed by investments like that of Abington Emerson,” Mesa Mayor John Giles said in the release.
“Their Class A, built-to-suit buildings signify opportunity for businesses looking to locate in the area, and we look forward to seeing their completion in the coming months.”
The development represents Abington Emerson’s sixth project in the area.
“We are excited to grow our relationship with Mesa, which offers a growing skilled workforce, business-friendly environment and excellent infrastructure,” Brent Howard of Abington Emerson’s Southwestern Region said in the release.
“We continue to see significant economic growth and sustained interest for the light industrial sector and are very pleased about bringing this high-quality project to market.”
Located in one of Mesa’s federally designated opportunity zones, investors will be able to defer and potentially reduce taxes on capital gains, according to the release, as long as the gain is “reinvested in a qualified opportunity fund that invests in a qualified opportunity zone.”
Each building features 24-foot ceiling heights, truckwell and grade level loading as well as a fully secured yard.