Industrial Archives

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 →

Sky Harbor Business Park has a new spec building

Eastgroup Rendering

Sun State Builders announced the completion of another speculative development project.  Sun State Builders, Eastgroup Properties and Butler Design Group teamed up to construct the industrial spec building located in Sky Harbor Business Park at 1725 E. University Dr. The team utilized the City of Phoenix self-certification program to expedite the permitting process. The 31,410… Read More →

Big Deals: Industrial Sales, May 2015 – June 2015

2650 E. Queen Creek

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

REI to open 400KSF distribution center on Loop 303

REI Goodyear Distribution Center

Seattle-based REI, a leading outdoor retailer, has announced it will open a 400,000-square-foot distribution center creating more than 100 new jobs in the West Valley – becoming the third tenant along the newly-opened Loop 303 in Goodyear. REI offers its members and customers outdoor gear and apparel for activities such as for hiking, biking and… Read More →

Mattress Firm to open in new Tolleson building

Mattress Firm Rendering

Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year. First Industrial Realty Trust Inc., a Chicago-based publically-traded REIT, purchased the land and teamed up with Merit Partners Inc. of Phoenix to… Read More →

Tiburon @ Chandler Airport breaks ground

2015-04-24-at-11.52

DTZ has announced the ground breaking of Tiburon @ Chandler Airport. Tiburon Companies executives Michael Burton, Robert Burton and Dwayne Burton were joined by Mayor Jay Tibshraeny, Chandler City Council members Nora Ellen, Terry Roe and Jack Sellers along with their project team and other local leaders to celebrate the ground breaking of Tiburon @… Read More →

Phoenix industrial markets continue to break ground

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Source: Lee & Associates Q1 Report The Phoenix industrial market continued to improve in the first quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and flex space. The most recent seven quarters have… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

Willis/Arizona Avenue Corporate Park breaks ground

Sun State Builders proudly announced the ground breaking of The Willis/Arizona Avenue Corporate Park. This development consists of two spec warehouse buildings located at the SE corner of Willis Road. & Arizona Avenue in Chandler, AZ. The total square footage of the two buildings is 140,000 SF and situated on an 11 acre lot just south of… Read More →

Special Devices Inc. buys 20 acres for manufacturing facility

DTZ announced that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the seller, RD Greenfield, LLC, during the transaction. The buyers… Read More →

WingSpan Aviation Center approved at Chandler Airport

A new-to-market concept is on its way to Chandler Municipal Airport, introducing new businesses to Chandler’s growing aviation industry.  Chandler City Council last night approved a 50-year ground lease agreement for the WingSpan Aviation Center at Chandler Municipal Airport (CHD).   The first phase of the project will include 80,000SF of hangar/office space. Each hangar… Read More →

Coldwater Depot Logistics Center enters phase 3

Coldwater Depot Logistics Center

Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and joint venture partner Clarion Partners, a leading U.S. real estate investment manager, announced Tuesday that construction has begun on Coldwater Depot Logistics Center, Phase 3, a 187KSF, class-A speculative industrial building in Avondale, Ariz. Construction is scheduled to be… Read More →

Tractor Supply Company plans Arizona distribution center

rsz_tractorsupply_representativephoto

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, announced Monday plans to build a new distribution center in Casa Grande, Ariz. “The addition of a new distribution center in the Southwest is key to our western expansion strategy,” said Greg Sandfort, president and CEO. “Arizona’s proximity to… Read More →

Oregon investor plans industrial packing facility in Mesa

460wMcKellipsRd_Aerial, Lee Associates, WEB

A 5.87-acre land parcel at 460 W. McKellips Rd. in Mesa sold for $1,400,000 to an Oregon buyer with plans to build an industrial packing facility. Price per SF was recorded at $5.47. The utility improved, M-1 and M-2-zoned industrial parcel sits adjacent to the Loop 202 Freeway right at the full-diamond interchange at Country… Read More →