TCC and CBRE Investment Management Announce Completion of 516,000-Square-Foot Logistics Development in Arizona
Elliot Gateway Includes Four Class A Buildings in Mesa
January 24, 2023
Within Elliot Gateway, three buildings remain available for lease; Building A spans 151,239 square feet, Building B spans 124,611 square feet, and Building D spans 54,640 square feet. Building C includes 186,000 square feet and is fully leased to a mechanical and electrical construction company. Each building within Elliot Gateway offers ample car parking, secure truck courts and excellent accessibility.
“Elliot Gateway is an incredibly well-located project in the City of Mesa, situated in the center of the Elliot Technology Corridor, a key demand driver and growing technological center point of the Southeast Valley that is attracting a variety of new businesses,” said Ryan Norris of Trammell Crow Company. “The remainder of the space that is available for lease at Elliot Gateway is well-suited for a variety of uses, including high-tech manufacturing and logistics. Tenants will greatly benefit from highly visible freeway frontage and direct access off the full diamond interchange at Elliot Road and the Loop 202.”
Graycor Construction Company served as the general contractor. Butler Design Group was the project architect.
“Industrial facilities have been booming in Mesa over the past several years, but Elliot Gateway is setting the bar with its sophisticated building features and offerings,” said Rusty Martin, Graycor General Manager of the Southwest. “The placement and design of Elliot Gateway turns a traditional industrial project into a dynamic, horizontal mixed-use business park that will attract heavy-hitter industrial/employment opportunities.”
The Elliot Gateway site plan was conceived with connectivity in mind with new private drive extensions, a series of interconnected sidewalks and pedestrian rest nodes featuring seating areas that are naturally shaded by tree canopies. The project’s landscape consists of native vegetation that spans the full site and visually ties Elliot Gateway together from border to border.
Elliot Gateway was also designed and developed with sustainable practices intended to reduce the project’s overall carbon footprint. Precast panels were fabricated on site from locally sourced concrete suppliers. Highly reflective TPO roof systems and desert landscaping help to reduce the heat island effect, and watering systems reduce water consumption. Clerestory windows and roof skylights reduce lighting needs and electrical usage by maximizing interior natural light. Shade canopies over entry and office components reduce adverse heat gain to the interior environment.
Evan Koplan and Serena Wedlich of CBRE are marketing and leasing the property on behalf of TCC and a fund sponsored by CBRE Investment Management.
"We are excited to deliver the highly desirable industrial product to the Mesa submarket, ideally situated on the Elliot Road Technology Corridor. Trammell Crow Company has once again delivered a best-in-class industrial development with ideal location/visibility, access, design, clear height, power and loading to accommodate a wide range of users in the marketplace," said Evan Koplan, SVP with CBRE. "Our leasing team has been thoughtful in delivering solutions to users who require immediate occupancy and is finalizing construction on spec suites in the remaining buildings at Elliot Gateway. This development has been very well received in the marketplace, including a 186,000-square-foot pre-lease at 9029 E. Peterson Avenue. User demand continues to drive this market, and we look forward to being a viable option for both local and new-to-market companies."
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.