Dallas Developer Makes Big Land Acquisition in Mesa Near Union Pacific Rail Line, Eyes Large Users

Article originally posted on Phoenix Business Journal on April 13, 2023

Seeing a demand in large users wanting to own their land outright, Trammell Crow Co. is approaching its latest East Valley deal a bit differently.

Rather than build another speculative industrial park, Trammell Crow will get more than 190 acres of southeast Mesa land “shovel-ready” for development. The Dallas-based developer teamed up last month with CBRE Investment Management, on behalf of a separate account client, in a joint venture acquisition of the land.

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