The four-building Mesa, Arizona park is the developer’s first in the Phoenix Market.
Logistics Property Company, LLC (LogiPropCo), a logistics real estate owner, developer, and manager, has leased 289,462 square feet of warehouse space at Palm Gateway Logistics Center, Building 4 in Mesa, Arizona. The full building lease represents the largest lease by square footage in the Mesa submarket since 2023.
Palm Gateway Logistics Center is a four-building, 615,000-square foot development in Phoenix’s Mesa Submarket. Certified LEED Silver, the park is strategically located in proximity to State Route 202 and Interstate 10, just two miles from the Phoenix-Mesa Gateway Airport.
Brad Cushard, Senior Vice President of LogiPropCo’s Mountain Region, and Andrew Spiegel, Development Manager, were supported by Lee & Associates’ Ken McQueen, Chris McClurg, Blake Peters, and Jack Sims.
“We are excited to welcome our first tenant to Palm Gateway,” said Cushard. “We are confident that this location in the East Valley, within the Pecos Road Employment Opportunity Zone, will continue to be a driver of future tenants to this park.”
With this lease, Palm Gateway Logistics Center is nearly 50% occupied. The range of available building sizes and access to sufficient power were key factors in the leasing of the space.
“Logistics Property Company has developed a state-of-the-art industrial project with features such as 36’ clear height and private yards, which are differentiators from our competition. Our team at Lee & Associates looks forward to continuing the leasing momentum we have established at Palm Gateway,” said Ken McQueen, Principal at Lee & Associates.
Three buildings at Palm Gateway Logistics Center, ranging from 93,000 to 124,000 square feet remain available for lease. Learn more about the property and available building sizes here.
About Logistics Property Company
Logistics Property Company, LLC is a logistics real estate operating company and investment manager focused on the acquisition, development, and management of modern logistics properties in key North American markets. The company executes a disciplined investment strategy, ensuring optimal outcomes for our investors, employees, communities, and environment. Headquartered in Chicago, Logistics Property Company has more than 80 employees strategically located across eight markets. Its portfolio is comprised of 67 buildings across 27.2 million square feet with an estimated end value of more than $4.1 billion. For further information, please visit logisticspropco.com.
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