TCC and Partner Acquire 192 Acres in Mesa, AZ for Industrial Users

Trammell Crow Co. and CBRE Investment Management, on behalf of a separate account client, have acquired a 192-acre development site in Mesa, Arizona that will be divided into ‘shovel-ready’ lots for industrial users.  Also TCC will be able to provide build-to-suit solutions for interested corporate users.

Located in the Southeast Valley submarket, in the center of Mesa’s Advanced Manufacturing Corridor, the site can accommodate Union Pacific Rail users. TCC will perform horizontal improvements on each sub-site, including the extension of utilities and roadway build out, beginning in summer 2023. The sub-sites are located within an Opportunity Zone.

The master site is located a quarter mile away from a full diamond intersection along the recently completed SR-24 Freeway Extension, a location that is predicted to further stimulate demand from industrial users who require large, accessible pad sites in an increasingly land-constrained market. Notably, the Union Pacific Pecos Industrial Rail Access and Train Extension (PIRATE) line, planned to be complete by the end of 2023, is set to run directly through the master site; rail accessible sub-sites will be available.

Jackie Orcutt of CBRE and her team represented the land seller, and her team will represent the TCC and CBRE IM JV on the land sale transaction(s).