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Phoenix & Southwest  + Phoenix  + Industrial  | 
Skybridge secures $42M financing for Phoenix/Gateway 2 building project

SkyPlus Secures Financing for Two Phoenix-Area 250K SF Industrial Buildings

CBRE has secured $42.7 million in construction financing for two industrial buildings that will be part of Skybridge Arizona’s master-planned development adjacent to the Phoenix-Mesa Gateway Airport in Mesa, Ariz. Each building will be 250,000 square feet each. Once completed, the overall 363.5-acre development, South of Loop 202 in Mesa, will include 22 buildings for both aeronautical and commercial development.

Bruce Francis led a CBRE team in Phoenix that secured the three-year interest-only construction loan financing on behalf of SkyPlus Development Corp.

Mr. Francis added, “This location has the unique advantage of being a joint U.S.-Mexico Customs inspection facility. As a tax-exempt property, future tenants will benefit from lower common area maintenance expenses associated with these buildings.” Both buildings are expected to be delivered in early 2024.


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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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