Donald F. Colleran Of EastGroup Properties Acquires Airgate Facility In Mesa For $27.6M

The industrial facility located at 7353 East Ray Road in Mesa, AZ, was sold for a transaction amount of $27,600,000. The property spans 142,735 square feet and was built in 2022. This fully leased asset is occupied by SKU Distribution until 2030, facilitating operations near Mesa Gateway Airport.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $27,600,000
• Square Footage: 142,735
• Address: 7353 East Ray Road
• Market: Mesa, AZ
• Price Per Square Foot: $193
• Buyer: Donald F. Colleran - EastGroup Properties
• Seller: Greg Merage - MIG Real Estate
• Brokerage: Will Strong, Michael Matchett, Molly Miller Hunt, Jack Stamets & Madeline Warren - Cushman & Wakefield

This transaction involved key figures in real estate, with Donald F. Colleran representing EastGroup Properties as the buyer, while Greg Merage acted on behalf of MIG Real Estate as the seller. The deal was facilitated by brokers from Cushman & Wakefield, highlighting a collaborative effort among industry professionals.