Cushman & Wakefield has advised seller Bird Dog Industrial in the disposition sale of a brand new 330,496-square-foot Class A light industrial park in Mesa (Phoenix), Arizona. Commonly known as Power 202 Business Park, the multi-building project was constructed in mid 2021 and was 100% pre-leased prior to completion. The buyer of the Southeast Valley property was GID Industrial.
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Executive Managing Director Will Strong, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group—Mountain West team represented the seller in the transaction. Ken McQueen and Chris McClurg of Lee & Associates provided market advisory.“Power 202 Business Park is an exceptional core investment asset with a strong, highly diversified tenant mix that, fully preleased upon delivery, successfully capitalized on the rapid demand for quality industrial space. The high-profile property is well positioned in the heart of a prestigious market and one of the best performing industrial markets in the country,” said Will Strong.“We made a strategic decision to proceed forward with speculative construction despite the pandemic providing expansion space to users at a critical time of low supply of new industrial product” said Mark Sonnenberg, President of Bird Dog Industrial. “I’d like to thank the City of Mesa for their support and cooperation during this challenging time,” added Sonnenberg.Power 202 Business Park consists of three state-of-the-art industrial buildings located at 4617, 4631, and 4645 S. Power Rd. Situated on a total of more than 19 acres, the buildings feature functional divisibility with a variety of bay sizes, 24′-32′ clear heights, excellent parking, grade and dock-high loading doors, ESFR sprinklers, and concrete truck court aprons. The property provides quick access to a full diamond interchange at the Loop 202 Freeway.
