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Reading: DSV Air and Sea Closes on $46m Land Purchase in former GM Proving Grounds
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85209.com > Blog > Featured > DSV Air and Sea Closes on $46m Land Purchase in former GM Proving Grounds
FeaturedMesa NewsReal Estate

DSV Air and Sea Closes on $46m Land Purchase in former GM Proving Grounds

Klaus Team
Last updated: January 4, 2024 9:02 pm
Klaus Team
Published: January 4, 2024
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In a significant development for the PMGA/Eastmark area, an 87-acre stretch of land is set to undergo a transformation into a cutting-edge corporate headquarters for global logistics giant DSV Air and Sea. The Denmark-based firm secured the property near Ellsworth and Pecos roads for a reported $46 million, marking a substantial investment in the region.

DSV Air and Sea, known for its comprehensive transportation and logistics services, plans to establish a regional headquarters along with a massive 1.73 million-square-foot warehouse. The acquisition was facilitated by Mesa BA Land, an affiliate of Pacific Proving, based in Phoenix. The transaction, valued at $528,736 per acre, signals a strategic move for DSV Air and Sea into the burgeoning logistics landscape of Arizona.

The proposed development, recently recommended for approval by Mesa’s Planning and Zoning Board, includes a 30,000-square-foot office building and a two-story warehouse located east of Phoenix-Mesa Gateway Airport. The project aims to serve as a centralized hub for DSV, offering a comprehensive “one-source solution” for warehousing, distribution, transportation, and related services across various industries.

This move follows DSV Air’s previous engagements in Arizona, including the leasing of a 23,600-square-foot aircraft hangar at Phoenix-Mesa Gateway Airport for its 747 air-cargo service and a 190,500-square-foot logistics facility in Phoenix.

In tandem with DSV’s plans, Pacific Proving and Mesa BA Land have ambitious intentions for the remaining 800 acres of the former GM Proving Grounds. Principals Andrew Cohn and Bill Levine aim to create a “dense, quality, lifestyle environment” comprising residential, retail, and a corporate campus within a walkable setting. Cohn emphasized that they intend to break ground on this transformative project within the next 24 months.

While the specifics of the project are yet to be unveiled, Cohn drew parallels with renowned retail developments such as Kierland Commons and Scottsdale Quarter. The proposed mixed-use project is expected to redefine Mesa’s urban landscape, offering a unique blend of residential, retail, and corporate amenities in a manner not seen before in the region.

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