Industrial Archives

Sun State Builders completes new distribution warehouse

CorLiving Distribution LLC Rendering

Sun State Builders (SSB) has announced the completion of a new 100K Sq ft. warehouse for CorLiving Distribution LLC. in Tolleson, AZ. The end user client, CorLiving, is based out of Surrey, British Columbia. The facility features concrete tilt construction, 30 ft. clear height, ESFR sprinkler system, (16) 48” truck docks with pit levelers. The… Read More →

First Commons in Phoenix comes to 94% occupancy

First Commons

Cushman & Wakefield of Arizona, Inc. negotiated a long-term industrial lease on behalf of First Commons landlord Enright Capital, Ltd., of Calgary, relocating an American Building Supply, Inc. (ABS) facility and bringing the property to 94% occupancy. ABS leased 17,357 square feet at First Commons, located at 4635 W. McDowell Rd.   ABS is a… Read More →

New to Market: July, August 2015

REI Goodyear Distribution Center

RETAIL Crown on 7th DEVELOPER: Buzz Gosnell and Niels Kreipke General Contractor: Alexander Building Company Architect: Brick & West Design Brokerage: Venture REI Location: 7th Street, between Missouri Avenue and Bethany Home Road Size: 18KSF VALUE: $6M redevelopment Start/Completion: November 2014 to summer 2015 MIXED USE CB20 DEVELOPER: Wetta Ventures General Contractor: TBD Architect: Brick… Read More →

L.A. Realty Firm acquires three Phoenix industrial buildings

rsz_industrial_art

Adler Realty Investments, Inc. (ADLER) has purchased three industrial buildings in the Tempe area of Phoenix, AZ for $5.5 million.  The properties, were acquired in two separate transactions, one of which being a sale lease back with the seller.  Adler, which recently sold a land parcel in Phoenix, reinvested the sale proceeds into the projects to successfully… Read More →

16,194 SF industrial manufacturing building sells for $1.065M

4830 S 36th St

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, has announced the sale of a 16,194 SF industrial manufacturing building located at 4830 S 36th Street in Phoenix, Arizona.  Jeff Hays of CPI’s Tempe Industrial Team represented the seller, Hadco Corporation, in this $1.065 million sale. The site offers convenient freeway access and… Read More →

Ryan Companies and Group Health Cooperative break ground

062915_GroundBreak_Renton04

Officials from Group Health Cooperative, Ryan Companies US, Inc., and the city of Renton broke ground for their new operations facility in Renton, Washington. Renton Mayor Denis Law joined Group Health President and CEO Scott Armstrong and Ryan Companies US President and CEO Pat Ryan to mark the beginning of the construction project. “Group Health… Read More →

August industrial and office property review

economy

ECONOMIC OVERVIEW The Metro Phoenix economy continued to improve adding 55,500 jobs over the past 12 months through March, marking an annualized job growth rate of 3.0%. The unemployment rate declined to 4.8%, the lowest rate since 2008, down 160 basis points (bps) from a year ago and 70 bps lower than the national rate.… Read More →

Industrial building sold In Parkside Business Center

1911 W Parkside Lane 02

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, has announced the sale of 1911 W Parkside Lane, a ±32,221 SF building in Parkside Business Center in Phoenix, AZ.  Tyson Breinholt of CPI’s Investment Specialists Team represented the buyer, OPNS, LLC in this transaction. Tyson Breinholt commented, “Parkside Business Center was a great location… Read More →

Daum negotiates $5.7M sale for U-Haul

6112 N. 56th Ave. Glendale Building
June 17, 2015 by in AZRE Magazine | Featured | Industrial

Daum Commercial Real Estate Services has negotiated the $5.7 million sale of a 120,000-square-foot industrial manufacturing facility located on 28 acres at 6112 N. 56th Avenue in Glendale. David Wilson, executive vice president with Daum Phoenix represented both the buyer and the seller in the transaction. The buyer was AMERCO Real Estate Company, a provider… Read More →

DCT Industrial Trust acquires Tempe industrial property

402 W Geneva
June 15, 2015 by in AZRE Magazine | Brokerage | Featured | Industrial

DTZ has announced today that DCT Industrial Trust (NYSE: DCT) purchased a fully leased, 49,956 square foot freestanding distribution center at 402 W. Geneva Dr. for $3.35 million. DCT Industrial Trust is a publicly-traded, real estate investment trust (REIT) specializing in the ownership, acquisition, leasing, development, redevelopment and management of bulk distribution and light industrial properties. The… Read More →

Old Dominion Freight Line opens new service center

Old-Dominion-Service-Center-photo-1
June 12, 2015 by in AZRE Magazine | Industrial | New to Market

Old Dominion Freight Line, Inc. will officially open its newest service center, a 141-door facility located just south of I-10 this Friday, June 5. The new Phoenix Service Center, located at 135 S. 79th Ave., Tolleson, AZ 85353, replaces a smaller facility at 2205 S. 43rd Ave. Phoenix, AZ 85009. The Thomasville, N.C.-based less-than-truckload (LTL) carrier, which… Read More →

Ground breaks on Reliable Forklift’s office, industrial shop

Reliable Forklift, WEB

Construction has officially started on Reliable Forklift’s new offices and industrial shop. A groundbreaking took place yesterday morning on the 3-acre lot located at 2150 East University Drive in Phoenix. Company owners, Don and Mary Carlson purchased the land and existing buildings in January 2015 to expand and relocate its current operations at 3652 E.… Read More →

Bean Drywall gets new digs in Phoenix

Courtesy of LGE Design Build

LGE Design Build has completed an 11,071 SF office and related warehouse storage facility for Bean Drywall, a Phoenix-based company that installs gypsum drywall for construction projects in the Valley and the Prescott/Sedona area. The building, 23011 N. 15th Lane in Phoenix, is the third LGE Design Build has constructed for Bean Drywall over the… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →