Mangat Group bets big on small bay industrial projects

Article originally posted on Phoenix Business Journal on March 26, 2026

A Phoenix developer is betting big on smaller, flexible industrial spaces with a $250 million investment into four projects across the Valley.

The Mangat Group wants to target small and midsized local business needing flexible office and warehouse space within growing logistics corridors, where developers have mostly focused on larger users that need ample warehouse space.

The company is planning to bring more than 400 small-bay industrial condo units online for owner-operators who want to buy rather than lease industrial space through several new developments in Glendale, Buckeye and Laveen.

The developer’s first small bay industrial condo project — MG Business Park in Glendale — is entering its second phase of construction and will bring 71 units totaling about 93,000 square feet online. Units range in size from 1,440 to 14,700 square feet.

Mangat is also now working on a similar development on an adjacent property it owns that will add another 31 units across 84,000 square feet.

In Laveen, Mangat is building small-bay condos at the northwest corner of Baseline Road and Loop 202 with 28 units totaling about 75,000 square feet.

And in Buckeye the company is working on a project at Watson Road and State Route 85 that will feature 89 units across about 175,000 square feet.

The push by Mangat comes as demand for smaller industrial spaces continues to grow in Phoenix with little inventory currently available.

According to a November report from Yardi Matrix, the average national sale price for an industrial building smaller than 100,000 square feet increased 10.6% at the end of 2025 from the year prior, while sales prices for buildings between 100,000 and 1 million square feet grew 3.5%.

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