California-based real estate firm McCarthy Cook & Co. just bought Tailwinds at Gateway, a 172,244-square-foot industrial park near Mesa Gateway Airport, for $51.5 million. Here’s what real estate investors need to know:
- Why It Matters: This marks McCarthy Cook’s return to the Valley and their first small-bay industrial investment in Phoenix.
- Location: East Pecos Road, between South Sossaman and Ellsworth—prime access to Queen Creek and Loop 202.
- Property Breakdown:
- 10 buildings on 14 acres (4 multitenant, 6 freestanding)
- Spaces range from 2,286 to 27,833 square feet
- Fully leased to 24 tenants including national firms like ABB Inc. and Crane Worldwide Logistics
- Strong Demand: Despite the risk often associated with small-bay industrial, this park filled up fast thanks to quality tenants and rising demand in the Southeast Valley.
- Market Context: Southeast Valley leads Phoenix in industrial sales, capturing nearly half of all sales volume in Q1 2025.
Investor Takeaway: This deal highlights the rising value of small-bay industrial in strategic growth zones like Southeast Mesa. As infrastructure and manufacturing grow in the area (think LG’s battery plant in Queen Creek), demand for flexible industrial space is only going up.