{"id":7159,"date":"2026-06-23T08:14:10","date_gmt":"2026-06-23T08:14:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=7159"},"modified":"2026-06-23T08:20:30","modified_gmt":"2026-06-23T08:20:30","slug":"lowes-leased-warehouse-becomes-phoenixs-biggest-industrial-sale-of-2026","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/lowes-leased-warehouse-becomes-phoenixs-biggest-industrial-sale-of-2026\/","title":{"rendered":"1.2 MSF Deal Is Phoenix\u2019s Largest Single-Asset Industrial Sale So Far"},"content":{"rendered":"

A newly built warehouse leased entirely to Lowe\u2019s has changed hands in Mesa, Ariz., in a deal that brokerage Cushman & Wakefield calls the largest single-building industrial sale in metro Phoenix this year<\/a>. Developer CRG sold Building C at The Cubes at Mesa Gateway, a 1.2-million-square-foot distribution facility, to an unnamed global asset manager. Neither side disclosed a price.<\/p>\n

Institutional buyers have been chasing exactly this kind of asset \u2014 brand new, fully leased and tied to a tenant that isn\u2019t going anywhere. Lowe\u2019s runs the building as a regional distribution hub and still has years left on its lease, which leaves the new owner with a long, predictable income stream from an investment-grade retailer. Cushman & Wakefield\u2019s Will Strong led the team that represented CRG and brought in the buyer.<\/p>\n

Building C sits at 7111 S. Crismon Road in Mesa\u2019s Southeast Valley, about five miles from the Phoenix-Mesa Gateway Airport and with quick access to Loop 202 and the new State Route 24. It\u2019s one piece of The Cubes at Mesa Gateway, CRG\u2019s 268-acre, roughly 4-million-square-foot, master-planned park. Nearby, another building on the site is headed to Hadrian, an advanced-manufacturing firm that has announced a $200 million hub there.<\/p>\n

The deal lands in one of the country\u2019s most active industrial markets for investment: So far this year, Phoenix has recorded roughly $948 million in industrial sales, which is the most of any market in the West, according to Yardi Research Data. A long run of new construction has left the metro with plenty of space to sell, and the buildings drawing the most investor interest have been the large, modern ones leased to a single, creditworthy tenant.<\/p>\n","protected":false},"excerpt":{"rendered":"

A newly built warehouse leased entirely to Lowe\u2019s has changed hands in Mesa, Ariz., in a deal that brokerage Cushman & Wakefield calls the largest single-building industrial sale in metro Phoenix this year. Developer CRG sold Building C at The Cubes at Mesa Gateway, a 1.2-million-square-foot distribution facility, to an unnamed global asset manager. Neither side disclosed a price. Institutional buyers have been chasing exactly this kind of asset \u2014 brand new, fully leased and tied to a tenant that isn\u2019t going anywhere. Lowe\u2019s runs the building as a regional distribution hub and still has years left on its lease,…<\/p>\n","protected":false},"author":3163,"featured_media":291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-news"],"acf":[],"yoast_head":"\none without the other. 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