A newly built, 1.2-million-square-foot warehouse in southeast Mesa that serves as a regional hub for Lowe’s has quietly traded hands in an off-market deal that brokers say ranks among the Valley’s biggest single-building sales this year.
CRG sold Building C at The Cubes at Mesa Gateway, a Class A facility that runs both bulk distribution and expedited delivery across the Phoenix metro. The deal, coordinated off market by Cushman & Wakefield, involved a fully leased, mission-critical asset that checked just about every box for institutional buyers chasing scale.
As reported by Connect CRE, the sale was announced June 15, 2026, with Cushman & Wakefield representing CRG and also securing the buyer. Connect CRE identifies Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren as the brokerage team behind the transaction.
Property details and lease
Per Cushman & Wakefield’s offering materials, the property at 7111 S. Crismon Road totals approximately 1,200,340 rentable square feet and was delivered in 2023. It is 100% leased to Lowe’s on a long-term deal that runs into July 2033, with renewal options on the back end…