Logistics Property Inks $68.3M Refi for Mesa Industrial Park

Logistics Property Co. has obtained a $68.3 million refinancing loan for Palm Gateway Logistics Center, a 614,544-square-foot industrial park in Mesa.

Commercial Search reports that Pacific Coast Capital Partners provided the debt. LogiPropCo broke ground one month later, marking its first project in Phoenix. The park came online in 2024.

Palm Gateway Logistics Center was a speculative project, part of Venture II, a $1.8 billion develop-to-core fund. The campus was 52.4 percent leased as of March 2026, with the tenant roster including Hims, a telehealth company that set up shop at the property and leased 289,462 square feet through 2036.

The park consists of four buildings ranging from 92,847 square feet to 289,203 square feet. Each warehouse features four drive-in doors, while dock doors range between 26 and 56 and clear heights vary from 28 to 36 feet.

Located at 8130 E. Pecos Road, Palm Gateway Logistics Center is next to Mesa Gateway Airport, less than 5 miles from Loop 202.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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