A new 12-building, 168,000-square-foot neighborhood flex bay (NFB) campus from Scottsdale-based Cavan Commercial is nearing completion in Mesa and is expected to be delivered in May 2026, adding for-sale light industrial space to one of the region’s fastest-growing employment corridors. Called Pecos 17, the project is being developed along East Pecos Road within the Pecos Advanced Manufacturing Zone near Phoenix-Mesa Gateway Airport and Loop 202. The campus is designed to serve small and midsize businesses seeking ownership opportunities rather than traditional small-bay industrial leases.
Pecos 17 will include 12 air-conditioned buildings with 21 total units ranging from approximately 6,338 to 15,802 of interior square feet and private outdoor owner yards ranging from 5,596 to 75,204 square feet. Designed by Pinnacle Design and constructed by CHASSE Building Team, each unit will feature multiple grade-level doors, heavy power, a shared truckwell and energy efficient buildings far exceeding code prescriptive requirements.
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“This development represents a transition for us from lease-only small-bay industrial buildings to a for-sale format that gives business owners long-term stability with building ownership,” said Dale Cavan, president of Cavan Commercial. “By owning their space, users can take advantage of tax benefits and build equity while staying rooted in the communities where they operate. It creates a path for smaller businesses to grow without being exposed to rent increases and lease nonrenewals.”
The project follows Cavan Commercial’s neighborhood flex bay (NFB) model, a modern form of small-bay industrial development built for businesses seeking flexible, functional space close to where they live and work. NFB campuses are positioned between traditional industrial and commercial properties, offering more functionality than retail and greater accessibility and visibility than large warehouse facilities. The buildings are designed for companies that need to operate, store inventory and serve customers from a single location.
The campus will serve a wide range of local and regional users, including contractors, service providers, light manufacturers and growing e-commerce and logistics businesses. Multiple buildings have already been presold. Early buyers include Trench-Ade, a leading company in trench shoring services and equipment. Commercial Properties Inc. is handling brokerage for the project.
“Pecos 17 resonates with business owners because it solves the operational challenges they face every day,” said David Bean, vice president – sales & leasing, Commercial Properties Inc. “Features like private yards, heavy power, and a fully air-conditioned warehouse paired with a front customer-facing office allow users to run their businesses the way they need to, rather than adapting to a compromised space. Combined with the opportunity to own rather than rent and a highly accessible location, it’s no surprise there has already been strong interest.”
The Southeast Valley has become one of the metro area’s most active growth markets, fueled by population increases, new infrastructure and major corporate expansions. Within a three-mile radius of the project, the population exceeds 71,000.
