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Logistics Property Co. has completed its first industrial development in metro Phoenix. Palm Gateway Logistics Center is a 615,000-square-foot speculative campus in Mesa, Ariz.

The developer broke ground on the four-building complex last January, financing its construction with a $62.9 million loan from Old National Bank, public records show.

Partners on the project included general constructor Alcorn Construction, architecture firm Ware Malcomb and civil engineer SWS Engineering. Lee & Associates is handling the leasing efforts.