Ryan Cos. JV to Build Phoenix Industrial Park

Phoenix-Mesa Gateway Airport is a magnet for spec development.

Confluence at Mesa Gateway. Image courtesy of Ryan Cos.

Ryan Cos., in partnership with DWS Group, is about to start construction on the Confluence at Mesa Gateway, a six-building, 516,121-square-foot speculative industrial park in Mesa, Ariz. Located in the Southeast Valley industrial submarket of Greater Phoenix, the property will target e-commerce companies as well as high-tech manufacturing and distribution firms. Completion is slated for June 2022.

This is not the first time Ryan Cos. is joining forces with DWS. In 2019, the partnership started construction on Vantage Point, a 533,950-square-foot project in Poway, Calif.. The property, which is entirely leased to Amazon, has reached completion this January.

READ ALSO: E-Commerce Continues Driving Industrial Growth

Confluence at Mesa Gateway will come online on a 35-acre site north of Phoenix-Mesa Gateway Airport, between Hawes and Ellsworth roads, according to Phoenix Business Journal. The property will feature single-story light industrial buildings ranging from 33,115 to 176,975 square feet. Aiming for LEED certification, the buildings will feature 32-foot clear heights, 7-inch reinforced concrete slabs and fully concrete secured truck courts.

The development site is roughly 19 miles southeast of downtown Mesa, near the intersection of Loop 202 and Freeway 24, providing easy access to the entire Phoenix metro, central and southern Arizona.

A magnet market

The Greater Phoenix industrial market had some 17.2 million square feet of space underway as of May, according to a recent CommercialEdge report. Of the total, Mesa developments accounted for more than 3.3 million square feet, with the bulk of the construction activity concentrated around the Phoenix-Mesa Gateway Airport.

In May, Marwest Enterprises broke ground on Elliot 202, a two-building, 1.1 million-square-foot speculative industrial campus taking shape within the Elliot Road Technology Corridor, just west of Loop 202. Delivery is expected in the first quarter of 2022.

That same week, ElectraMeccanica started construction on its next assembly and engineering plant. Situated north of Phoenix-Mesa Gateway Airport, the 235,000-square-foot facility is scheduled for completion by next spring.

Another project slated for development in the area emerged in April as a proposed 1.5 million-square-foot industrial park located on a 101-acre parcel close to the 202 Freeway. LaPour Partners will develop the project in partnership with Scottsdale Investment Management.

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