4-building, 615,000-square-foot logistics park to deliver in Q4 of 2023
Logistics Property Company, LLC (LPC), a rapidly growing industrial real estate developer, investor, and manager in North America, has commenced construction on Palm Gateway Logistics Center, a 4-building logistics park located at NEC Sossaman & Pecos Road in Mesa, AZ and, the first project for LPC in the Phoenix area.
The 40-acre park is strategically located in the Pecos Advanced Manufacturing Zone and adjacent to the Phoenix-Mesa Gateway Airport. The buildings range in size from 92,847 square feet to 289,203 square feet, allowing for a variety of tenant sizes ranging from 20,000 to 289,000 square feet.
“The Phoenix market continues to experience high demand for modern logistics space with a vacancy rate of 3.1 %,” stated Brad Cushard, Senior Vice President, Mountain Region for Logistics Property Company. “The location of our park, in the Southeast Valley, 2 miles from SR-202 full diamond interchange, and adjacent to the Mesa Gateway Airport is a big draw for tenants.”
The General Contractor for the project is Alcorn Construction. “We are proud to work with Logistics Property Company on the Palm Gateway Logistics Center in Mesa. We couldn’t ask for a better partner, and we look forward to this and many future successful projects with LPC,” said Chris Alcorn, President, Alcorn Construction. Other partners on the project are architect, Ware Malcomb, and civil engineer, SWS.
Paul Sieczkowski, Justin Sieczkowski and Mallory Wayne of Colliers are the leasing representatives. “It has been our pleasure to work with Brad and the LPC team on the acquisition of this site and we look forward to leasing up this project in one of the most dynamic growth areas in the Phoenix metro area,” said Paul Sieczkowski with Colliers International.
Further project information can be found at: Palm Gateway Logistics Center
About Logistics Property Co.
Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a management team that averages more than 25 years of experience and has developed more than 58 million square feet of logistics buildings since 1995. LPC is headquartered in Chicago with more than 80 employees strategically located across eight offices. Its portfolio currently comprises 60 buildings across 25 million square feet in key logistics markets across North America with an estimated end value of more than $4 billion. For further information, please visit logisticspropco.com. Logistics Property Company also can be followed on Twitter, LinkedIn, Facebook, and Instagram.
Senior Vice President, Marketing
About Alcorn Construction, Inc.
Alcorn Construction is an award-winning general contractor specializing in relationship-based commercial office, light industrial, retail, multi-family, and senior living projects in the Denver and Phoenix metro areas by Building with the Power of Partnership. The company lives by its mission to be a world-class construction company with a culture that secures its future by being a place where great people love to work and, in turn, customers are delighted. Learn more about Alcorn Construction’s focus on people, process, and partnership at alcornci.com.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients.
For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.