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Investor Pays $70 Million for Industrial Park Near Phoenix-Mesa Gateway Airport

Developer Sells Power 202 for Above-Average Price Amid Keen Demand for Warehouses
Power 202 Business Park in Mesa, Arizona, opened last year. (CoStar)
Power 202 Business Park in Mesa, Arizona, opened last year. (CoStar)

Developer Bird Dog Industrial sold its Power 202 Business Park in Mesa, Arizona, to GID Investment Advisors for $70 million, roughly 20% above the per-square-foot average price for industrial property in the Phoenix suburb.

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News | Investor Pays $70 Million for Industrial Park Near Phoenix-Mesa Gateway Airport