Industrial Archives

BKM Capital Partners acquires industrial asset for $58M

Industrial asset
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, acquired Tempe Commerce Park, a 535,976 square-foot, five-building  property in Tempe in a limited marketing transaction for $58 million. This acquisition, which is BKM Capital Partners’ tenth acquisition in the Phoenix metro area this year, was acquired through… Read More →

CBRE completes sale of Gilbert manufacturing facility

Manufacturing
by in AZRE Magazine | Industrial

CBRE recently completed the sale of a ±124,144-sqare-foot manufacturing facility on 23.23 acres located near the full diamond interchange at US Highway 60 and Stapley Drive. The property is located at 619 N. Cooper Road in Gilbert. Evan Koplan and Mike Parker with CBRE’s Phoenix office negotiated the transaction. The seller was Phoenix-based Schuff Steel Company sold… Read More →

Liberty Property Trust hits 82% occupancy at industrial center

Dexcom
by in AZRE Magazine | Industrial

Liberty Property Trust signed a lease with Express Scripts for 81,300 square-feet of space at 2040 West Rio Salado Parkway in Liberty Center at Rio Salado located in Tempe. The building, which is now 82 percent leased, is the first light industrial development at the park. “Liberty Center at Rio Salado continues to attract top companies,” said John DiVall, senior vice… Read More →

SSGT acquires Phoenix self-storage development

SSGT
by in AZRE Magazine | Industrial

Strategic Storage Growth Trust, Inc. (SSGT), closed on its first “certificate of occupancy” transaction, a South Mountain Village area property in Phoenix. “We are excited to complete our first top-of-the-line, brand-new facility in a prime market like Phoenix,” said H. Michael Schwartz, chairman and CEO of SSGT. “We are already receiving a high degree of… Read More →

New York Life Insurance Company buys Phoenix building

New York Life Insurance Company
by in AZRE Magazine | Industrial

Cushman & Wakefield completed the sale of Phase 1 at 10 West Logistics Center, 6200 W. Van Buren St. The buyer is an entity owned by New York Life Insurance Company. The sellers are Phoenix-based Wentworth Property Company (“WPC”) and Crow Holdings Capital of Dallas, joint venture partners in the development. Cushman & Wakefield Executive Managing Director Andy… Read More →

Daum negotiates $5.6M industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

BKM acquires 3-property industrial portfolio in Phoenix

BKM
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio, in an off-market transaction. The three properties are located in Tempe. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost. This portfolio was acquired as… Read More →

Presson Corp buys Jackson Street industrial property

Presson Corp
by in AZRE Magazine | Brokerage | Industrial

Newmark Grubb Knight Frank (NGKF), announced the sale of Jackson Street Industrial by Tiernay Properties Inc., a 307,164 square-foot industrial property located on four city blocks in central Phoenix. Built in the 1920s, the property was originally home to the Arizona Compress and Warehouse Co. building. Located at 1245-1555 E. Jackson St., the warehouse was built… Read More →

Interstate Commerce Center sells for $6.74M

Interstate Commerce Center
by in AZRE Magazine | Industrial

Cushman & Wakefield announced that Interstate Commerce Center in Tempe sold to Phoenix-based investor RW Partners, LLC for $6.74 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan with Cushman & Wakefield represented the seller in the transaction, Turner Real Estate, LLC. Located in the Tempe and Sky Harbor… Read More →

Developer announces 222K SF Phoenix industrial project

Phoenix Warehouse
by in AZRE Magazine | Industrial | New to Market

Liberty Property Trust Thursday announced that it will break ground on its first building this spring at Liberty Logistics Center II, a new 73-acre industrial park located at the corner of 71st Avenue and Buckeye Road in Phoenix. The 222,910 square foot distribution facility is the first of the 1.5 million square feet of multi-tenant industrial… Read More →

BKM Acquires four industrial business parks

BKM Capital Partners
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired four industrial business parks encompassing 442,173 square feet in the Phoenix metro area for $34.45 million. BKM recently announced the final close of its debut institutional fund, BKM Industrial Value Fund I L.P., which now has more than $150 million in assets under management. “The ability to source off-market opportunities… Read More →

LGE Design Build finishes Video West HQ

Video West's newest headquarters
by in AZRE Magazine | Industrial | Office

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd St., doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,… Read More →

PICOR announces Tucson leases

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | Industrial | Retail

PICOR, a Cushman & Wakefield member, announced a string of recent leases that have closed in the Tucson area, including industrial and retail leases. R & G Food Services, Inc. leased 7,383 square feet in the Coach Drive Industrial Building at 4560 S. Coach Dr., Suite 100, in Tucson from Coach Holdings, LLC.  Rob Glaser, SIOR,… Read More →

CRE industry helps West Valley rise

Loop 303 I-10 Interchange

Communities where folks live, work and play has been the foundation from which the West Valley has grown, but many West Valley residents have been left out of the fun as they spend a large amount of time commuting to the East Valley for work. WESTMARC and its new CEO Sintra Hoffman hope to change… Read More →