Trammell Crow Company Acquires Land and Announces Plans for 516K-Square-Foot Logistics Park in Phoenix
September 27, 2021
Elliot Gateway Will Span 40 Acres and Include Four Class A Industrial Buildings
Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers, has recently acquired 40 acres of vacant land in Mesa, AZ. Plans call for the development of Elliot Gateway, a 516,601-square-foot Class A logistics park that will include four single-story buildings. In addition, approximately four acres of land dedicated to retail use will be available for purchase by retailer users. Construction is slated to begin in November 2021 and will be complete by the fourth quarter of 2022.
Elliot Gateway will include four single-story facilities. Building A will span 151,239 square feet; Building B will span 124,611 square feet; Building C will span 186,111 square feet; and Building D will span 54,640 square feet. Each facility with offer ample car parking, truck courts, and 32’ clear heights.
“Elliot Gateway marks our team’s first project in the City of Mesa. The Phoenix Mesa Gateway submarket has seen an influx of homebuilding activity recently as the metro continues to expand out towards the Southeast. This expansion has ultimately driven up demand for high-end industrial space, which is needed to accommodate a variety of large industrial users looking to expand their footprint to this area to meet the growing consumer base,” said Ryan Norris, Vice President at Trammell Crow Company Phoenix. “The site of the project benefits from great freeway frontage – which offers tenants coveted visibility – as well as direct access off of the full diamond interchange at Elliot Road and the Loop 202.”
Leasing and marketing will be handled by the CBRE team of Evan Koplan and Serena Wedlich.
Located at 9020 East Elliot Road, Elliot Gateway is situated on a 40.5-acre site in the center of the Elliot Technology Corridor, a key demand driver and growing technological center point of the Southeast Valley. The site is 10 minutes from the Phoenix Mesa Gateway Airport and 25 minutes from the Phoenix Sky Harbor International Airport
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.