By AZRE
Phoenix-based Unbound Development set the table for a large-scale industrial development near Phoenix Mesa Gateway Airport and recently completed a transaction with Greystar, who will now finish the process. Unbound sold the 154 acres consisting of 6 different parcels in a double escrow transaction and provides Greystar, which is one of the largest multifamily owners and management firms in the country, with a Class A industrial development opportunity as it tries to expand its industrial portfolio.
“Since Unbound opened escrow on the 154 acres in December of 2020, the Mesa Gateway submarket has become one of the hottest industrial submarkets in the country in terms of user demand and developers trying to acquire land sites for industrial development,” said Andy Ogan, Unbound CEO and Founder. “Unbound’s intention was to develop the site, but unsolicited offers to buy it during the entitlement process were abundant and attractive.”
