The Mangat Group expects to invest more than $250 million across four planned small-bay industrial developments in the Phoenix metro area.
Tony Mangat added, “We’re building flex space that allows small businesses to own their space, grow their operations, and build long-term stability.” Industrial buildings under 50,000 square feet have a vacancy rate between 3% and 5%, significantly lower than large-format logistics facilities.
The first project, located on Glendale Avenue and New River Road, is entering its second phase of development and will include 71 units totaling approximately 93,000 square feet. A second development adjacent to the site will feature 31 units across 84,000 square feet. In Laveen, a project on the northwest corner of Baseline Road and Loop 202 will include 28 units totaling about 75,000 square feet. A fourth development in Buckeye, located at Watson Road and MC 85, will feature 89 units across approximately 175,000 square feet.
RKAA Architects is serving as the project architect, with KCB Contracting will serve as the general contractor.
The post Mangat Staking $250M on Small-Bay Phoenix Warehouses appeared first on Connect CRE.
