{"id":1004574278,"date":"2022-04-01T08:57:00","date_gmt":"2022-04-01T16:57:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004574278"},"modified":"2022-12-08T06:30:09","modified_gmt":"2022-12-08T14:30:09","slug":"eastgroup-properties-to-build-phoenix-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eastgroup-properties-to-build-phoenix-area-industrial-park\/","title":{"rendered":"EastGroup Properties to Build Phoenix-Area Industrial Park"},"content":{"rendered":"
\"\"<\/a>

Gateway Interchange. Image courtesy of JLL<\/p><\/div>\n

EastGroup Properties Inc.<\/strong> has development plans for Phoenix\u2019s Southeast Valley. The company has assembled 50 acres in Mesa, where a seven-building, 655,400-square-foot industrial project<\/a> will come online in two phases.<\/p>\n

Phase I will comprise 359,700 square feet across four buildings, while Phase II\u2014also slated for build-to-suit requirements\u2014is set to feature three facilities totaling 295,700 square feet.<\/p>\n

Dubbed Gateway Interchange, the campus will take shape at the intersection of Hawes Road and Loop 202, on an assemblage of four separate parcels that were acquired in successive transactions. The project\u2019s development team also includes Butler Design Group<\/strong> as architect and Willmeng Construction<\/strong> as general contractor. Phase I is slated for groundbreaking in the third quarter of 2022, with delivery expected by the second quarter of 2023.<\/p>\n

JLL<\/strong> Senior Managing Directors Steve Larsen and Pat Harlan, together with Senior Vice President Rick Collins, negotiated the land assemblage and purchase on behalf of EastGroup. The brokerage trio will also serve as the exclusive leasing brokers at the property.<\/p>\n

Jason Barney and John Hartman of High Bridge Partners<\/strong> represented the land sellers in the assemblage.<\/p>\n

A bustling submarket<\/h2>\n
\"\"<\/a>

Gateway Interchange. Image courtesy of JLL<\/p><\/div>\n

Once completed, the campus will feature both dock high and ground level loading, 28- to 32-foot clear heights, full concrete truck courts and ESFR sprinkler systems. The property will also have six outdoor amenity areas, interconnected by trails, that will feature covered patios, outdoor dining and turf areas for outdoor games.<\/p>\n

The development site is some 32 miles southeast of downtown Phoenix and 17 miles southeast of downtown Mesa, just north of the Phoenix-Mesa Gateway Airport. The location is 2 miles from a 516,601-square-foot industrial project<\/a> developed by Trammell Crow at the center of the Elliot Technology Corridor.<\/p>\n

Another project to sprout in the vicinity is the 1.5 million-square-foot HUB @ 202<\/a>, which will come online at the intersection of Warner and Sossaman roads, west of the Phoenix-Mesa Gateway airport. Wharton Industrial intends to break ground on the spec campus in the second quarter of 2022.<\/p>\n

The Greater Phoenix market continues to lead the nation in terms of industrial development. According to a recent CommercialEdge report<\/a>, the metro had more than 36.3 million square feet of space underway as of February, representing 12.9 percent of stock. The same data provider shows more than 3.8 million square feet were under construction in Mesa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Once completed, the campus will total 655,400 square feet.<\/p>\n","protected":false},"author":870,"featured_media":1004574287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,21742,1601,15],"tags":[38006,36224,32796,38731],"class_list":["post-1004574278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-latest","category-phoenix","category-west","tag-butler-design-group","tag-eastgroup-properties","tag-jll","tag-willmeng-construction"],"acf":[],"yoast_head":"\nEastGroup Properties to Build Phoenix-Area Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"EastGroup Properties plans to build an industrial campus in Mesa, Ariz, with Butler Design Group and Willmeng Construction as part of the development team.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eastgroup-properties-to-build-phoenix-area-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EastGroup Properties to Build Phoenix-Area Industrial Park\" \/>\n<meta property=\"og:description\" content=\"EastGroup Properties plans to build an industrial campus in Mesa, Ariz, with Butler Design Group and Willmeng Construction as part of the development team.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eastgroup-properties-to-build-phoenix-area-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-01T16:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:30:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Gateway-Interchange_Aerial-e1648820799576.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1029\" \/>\n\t<meta property=\"og:image:height\" content=\"771\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"EastGroup Properties to Build Phoenix-Area Industrial Park\",\"datePublished\":\"2022-04-01T16:57:00+00:00\",\"dateModified\":\"2022-12-08T14:30:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/\"},\"wordCount\":406,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/04\\\/Gateway-Interchange_Aerial-e1648820799576.jpg\",\"keywords\":[\"Butler Design Group\",\"EastGroup Properties\",\"JLL\",\"Willmeng Construction\"],\"articleSection\":[\"Development\",\"In Focus\",\"Industrial\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eastgroup-properties-to-build-phoenix-area-industrial-park\\\/\",\"name\":\"EastGroup Properties to Build Phoenix-Area Industrial Park - 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