Monday, October 28, 2019

SkyBridge Breaks Ground on First Two Buildings at Gateway Airport in Mesa, AZ

From left: Jose Pablo Martinez, SkyBridge Project Manager; CEO, Arizona Chamber of Commerce; Pete Wentis, Senior Vice President, CBRE; Felipe Monroy, SkyBridge Developments; Ariel Picker, President, Skyplus Developments; Mayor John Giles, City of Mesa; Councilmember Kevin Thompson, City of Mesa; Jeff Flemming, Director, ADM Group; Rusty Martin, Project Executive, Graycor Construction Company; J. Brian O’Neill, Executive Director/CEO, Phoenix-Mesa Gateway Airport Authority

PHOENIX, AZ, Oct. 28, 2019 – SkyBridge Arizona and leading general contractor Graycor Construction Company joined today with local dignitaries, Phoenix-Mesa Gateway Airport, business leaders and project leasing firm CBRE to break ground on the first two buildings at SkyBridge Arizona.

Ariel Picker
 The major masterplanned development will serve as the nation’s first-ever joint U.S. and Mexico inland port and customs processing hub. SkyBridge has selected Graycor for the design-build of the first two buildings.

Located on 360 acres southwest of the runway at Phoenix-Mesa Gateway Airport in Mesa, Arizona, SkyBridge will use Unified Cargo Processing (UCP) to complete on-site cargo inspection and processing so that shipments between the U.S. and Mexico can be expedited directly to their destinations in Mexico.

Mesa, AZ Mayor John Giles
“The Phoenix market has welcomed SkyBridge with great excitement and we are equally excited to begin realizing our vision,” said Ariel Picker, President of SkyBridge Arizona. 

“We have every confidence in Graycor to deliver the first buildings at SkyBridge on time, with great quality and with an execution that underscores their experience building within highly active live environments like Phoenix-Mesa Gateway Airport.”

“SkyBridge Arizona is a gamechanger for e-commerce between U.S. and Mexico, our largest trade partner,” said City of Mesa Mayor John Giles. 

“Congratulations to Graycor Construction for being selected to build the first two facilities at Phoenix-Mesa Gateway Airport. These buildings kick off new development at the country’s first joint customs inland port right here in Mesa.”

Graycor will begin construction at SkyBridge with a fully speculative flex industrial building and a new hangar facility. 

Pete Wentis
The flex industrial building will total 60,000 square feet suitable for light industrial and warehouse use by one or two occupants. It will feature 24-foot clear height, up to four docks and storefront entries with administrative offices, conference space and break areas.

The aviation hangar will total 82,500 square feet with four bays each totaling approximately 18,000 square feet with approximately 2,500 square feet of administrative and conference space. 

All bays will have full foam fire suppression systems and the ability to accommodate aircraft as large as a G650 business jet.

Todd Ostransky
“Phoenix has long been known as a logistics hub but SkyBridge will take the Valley to a new level of supply chain opportunity,” said Todd Ostransky, Graycor Construction Company Vice President of the Southwest Division.

 “We are honored to work alongside SkyBridge and all of the municipalities involved in the evolution of this airport area.”

Architectural firm ADM Group and engineering firm HilgartWilson will serve as Graycor’s design-build partners for SkyBridge. Jackie Orcutt and Pete Wentis of CBRE have been selected as the project’s exclusive leasing brokers.

At build out, SkyBridge is slated to include 2 million square feet of warehouse space, 200,000 square feet of office space, 1.7 million square feet of light industrial, flex and cargo operations and 100,000 square feet of retail and restaurant space. 

Jackie Orcutt 

The development is targeting a range of tenants including air cargo, e-commerce, manufacturing and aviation and defense specialists.


Stacey Hershauer
P 480.600.0195

Keyes/Illustrated Luxury Report: South Florida High-End Single-Family, Condominium Sale Prices Climb Significantly in Q3 2019

Mike Pappas

MIAMIk, FL and PALM BEACH, FL – Across South Florida, the luxury single-family and condominium sectors enjoyed a resurgent third quarter of 2019 highlighted by major average sale price increases, according to the quarterly South Florida Luxury Market Report produced by The Keyes Company and Illustrated Properties.

 Palm Beach County had a particularly strong quarter in both pricing and high-end sales activity.

Miami-Dade, Broward, Palm Beach and Martin counties had a year-over-year average sales price jump of 13.8% for $1 million-and-up single-family homes, from $2.2 million to $2.51 million. 

On the condo side, the year-over-year average sales price rose by 16.9%, from $2.06 million to $2.41 million. Total single-family luxury sales increased by 6.8% to 797, while luxury condo sales declined by 10.1% to 321.

Palm Beach County posted year-over-year gains in every category tracked by Keyes and Illustrated. The county’s average sales price for luxury single-family homes jumped 32.1% year-over-year from $2.24 million to $2.96 million, while the average sales price for high-end condos surged by 57.5%, from $2.13 million to $3.35 million.

Total single-family luxury sales in Palm Beach County increased by 10.3% year-over-year to 311 closed transactions. The county had a 4.5% gain in total condo sales to 93.

“It was very encouraging to see South Florida’s luxury residential prices jump significantly year-over-year, led by Palm Beach County,” said Keyes and Illustrated President and CEO Mike Pappas

“It shows the oversupply issues that drove prices down during the second quarter did not have a sustained impact on our market. Our region continues to benefit from low interest rates and the domestic migration of residents from tax-heavy states.”

Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.

To see the full report, please click here:

Media Contacts:

Eric Kalis

Daniel Benjamin
Senior Account Executive
O 954-370-8999
C 954-618-8287