ARIZONA NEWS

Investor group acquires 50 acres for industrial development in East Valley

Mar 30, 2022, 4:15 AM
(EastGroup Rendering) (EastGroup Rendering) (EastGroup Rendering) (EastGroup Rendering)

PHOENIX — An investor group announced Tuesday it acquired 50 acres for the development of an industrial complex in the East Valley.

EastGroup Properties, Inc. acquired the land at the northwest corner of Hawes Road and the Loop 202 Santan Freeway in Mesa from four ownership groups, according to a press release.

The Gateway Interchange complex will take up 655,000 square feet across seven buildings.

“This is arguably one of the East Valley’s best parcels for commercial development, but was not appearing in traditional site selection searches due to multiple ownership entities, including a parcel owned by ADOT that had to be purchased at auction,” EastGroup Vice President Mike Sacco said in the release.

“I’m very proud of the creativity and diligence of our team to secure and consolidate this parcel, and for the project that we will be developing here.”

The complex will be developed in two phases, with the first phase taking up four buildings and about 360,000 square feet. Construction is expected to be completed by the second quarter of 2023.

The second phase will utilize the remaining 295,000 square feet across three buildings.

Spaces at Gateway Interchange will range from 13,440 square feet to a maximum of 180,000 square feet.

Amenities include glass roll-up doors, covered patio areas, six outdoor amenity nodes connected by trails and turf areas for cornhole and other outdoor games.

“With the tremendous demand in Mesa’s Gateway area for large plate industrial space and Gateway Interchange’s strategic location, we see this development as a prime location for aerospace, electric vehicle and advanced manufacturing companies,” Mesa Economic Development Director Bill Jabjiniak said in the release.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Mudvayne...
Kevin Stone

Metal veterans Mudvayne to play Phoenix area for first time since 2009

Mudvayne's Psychotherapy Sessions Tour will stop at Talking Stick Resort Amphitheatre in Phoenix in August.
21 hours ago
(Facebook Photo/Arizona Supreme Court)...
SuElen Rivera

Arizona Supreme Court says Hobbs not required to carry out execution warrant

The Arizona Supreme Court ruled on Wednesday that Gov. Katie Hobbs is not obligated to carry out an execution warrant for Aaron Gunches.
21 hours ago
(Facebook Photo/Copper Canyon Fire and Medical District)...
KTAR.com

Crews rescue multiple people, pig from floodwaters in Arizona

Crews were able to successfully rescue multiple people and a pig from floodwaters that gushed through portions of Arizona on Wednesday.
21 hours ago
(Pixabay Photo)...
Kevin Stone

Supt. Horne says crank call ‘idiocy’ won’t derail Arizona hotline for parent complaints

Arizona Superintendent of Public Instruction Tom Horne said bogus reports won’t sidetrack the hotline he created to field parent complaints about lesson material.
21 hours ago
(Facebook Photo/Arizona Lottery)...
KTAR.com

Triple Twist jackpot ticket worth $225,000 sold at Phoenix grocery store

The latest big Arizona Lottery winner came Tuesday after a six-figure ticket was sold at a Phoenix grocery store.
21 hours ago
Leslie Yeager (Maricopa County Sheriff's Office Photo)...
KTAR.com

Arrest made in Phoenix hit-and-run that caused pregnant passenger to lose baby

A Phoenix woman was arrested and charged with manslaughter and drunken driving after a pregnant woman miscarried following a hit-and-run collision earlier this week.
21 hours ago

Sponsored Articles

(Pexels Photo)...

Sports gambling can be fun for adults, but it’s a dangerous game for children

While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity.
...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
Investor group acquires 50 acres for industrial development in East Valley