ARIZONA NEWS

Real estate firm Clayco breaks ground on industrial development in Mesa

Aug 7, 2022, 7:15 AM

(Clayco photo)...

(Clayco photo)

(Clayco photo)

PHOENIX — Real estate development and construction firm Clayco this week broke ground on a four-building flex-industrial development in Mesa.

Power Industrial, which is located in the Pecos Advanced Manufacturing Zone at the southeast corner of Pecos and Power roads, is scheduled to complete construction by March 2023, according to a press release.

“Mesa continues to get inquiries from businesses looking for exactly this kind of building product,” Mesa Mayor John Giles said in a statement.

“Power Industrial will be a great addition to the quality industrial product in the neighborhood, and we appreciate Newport Commercial’s and Clayco’s ongoing partnership with and investment in the City of Mesa.”

The single-story development will offer 583,955 rentable square feet of industrial space for potential tenants. It will have access to access to water, natural gas, fiber and Salt River Project’s 69kV transmission.

“The investment and jobs that Clayco will bring with their 583,955 square feet for lease industrial space will be a tremendous asset to this already active area,” District 6 Councilmember Kevin Thompson said in a statement. “This is exactly what we have been striving for, Power Industrial will make a great addition for the Gateway area, our citizens, and the region.”

Clayco is partnering with Newport Commercial, Principal and Manncor Realty Advisors on the project.

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Real estate firm Clayco breaks ground on industrial development in Mesa