260 Hibbert St, Iconic Former Coors Cold Storage 72K SF, Massive Renovation Ignites Urban Infill Mesa

A Mesa, AZ underutilized landmark is back on the map after major reinvestment. The former AirBagIt / Pearson Distribution Coors Cold Storage site at 260 S. Hibbert, Mesa has undergone a $1.2M+ modernization, transforming into a ±72,000 SF urban infill industrial asset within one of the Valley’s fastest-growing corridors.

Texas-based DWG Capital Partners led the redevelopment, removing 120 tons of obsolete machinery and delivering major upgrades including a new roof, fresh exterior, expanded parking, enhanced landscaping, and raised ceilings. The result is a power-rich 3,300A & 4,300A facility with multiple dock doors and 9,600 SF of creative-ready office space—a versatile platform for today’s industrial users.

“This market is one of the best in the country, and we’re proud to return this iconic site to best-of-class status,” said DWG Principal Judd Dunning. “After resolving the prior tenancy, we’re excited to welcome the next high-caliber user or investor to be part of Phoenix’s extraordinary industrial growth story.”

Positioned just blocks from new ASU housing, the Broadway restaurant renaissance, Beacon Roofing’s redevelopment, and a new HVAC facility, the property offers a strategic infill location at the convergence of Gilbert, Chandler, and Mesa’s urban core.

Exclusively offered through CBRE and DWG, the asset is available for sale at $10,750,000 or for lease at $13.00/SF NNN. With CoStar projecting Mesa industrial trades at $220–$280/SF, the property provides immediate functionality with significant long-term upside as a former cold-storage facility repurposed for distribution, technology, advanced manufacturing, or multi-tenant investment.

This is more than an industrial listing—it’s a statement piece in the transformation of Phoenix-Mesa’s industrial landscape.