Industrial Archives

Valley’s industrial market remains red hot

New York Life Insurance Company

The Metro Phoenix industrial market remains strong through the third quarter of 2016, recording a vacancy rate of 9.3%, according to the third quarter industrial report released by Cushman & Wakefield. Fifteen of the 17 defined submarkets have experienced improvements in overall vacancy rates since Q3 2015. The Southwest Phoenix saw a decrease in vacancy, finishing… Read More →

Industrial trends and investments on the rise in Phoenix

Photo courtesy of SVN
by in AZRE Magazine | Industrial

The Phoenix industrial market has become a substantial revenue-generating investment in the valley. According to the US Capital Trends, the industrial market brought in $3.2 billion in July transaction volume alone. According to Real Capital Analytics, the Phoenix market is above average compared to other industrial markets across the United States. SVN advisor and newcomer… Read More →

Phoenix industrial facility sells for $2.55M

industrial facility
by in AZRE Magazine | Industrial

Arizona-based Commercial Properties, Inc. (CPI) negotiated the sale of an industrial building at 6902 W. Hadley St. in Phoenix. Lee & Associates represented the tenant, Sun Country Trailers, who exercised their lease purchase option and purchased the property for $2.55 million. The building is approximately 51,250 square feet, and was originally built in 1996 and is… Read More →

Demand for new industrial space rising, JLL Phoenix says

Customers looking for increased efficiencies are flocking to this new Class A space, which features amenities such as wide column spacing and clear heights of up to 36 feet. This trend is actively playing out at Airport I-10, in the airport submarket. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Industrial

The delivery of more than 2.8 million square feet of new industrial construction in Phoenix during the first half of 2016 has made an impact on the Valley, says the Phoenix office of JLL. In some cases, the additional industrial spaces have pushed industrial rental rates up by as much as 36 percent higher than their… Read More →

Trends to watch in 5 commercial real estate markets


It’s that time of year again when commercial real estate firms analyze market activity based on numbers and reports from the first two quarters of the year, and predict how that will impact the rest of 2016 through next year. Experts in their respective markets weighed in on the findings from quarter two reports in… Read More →

Huhtamaki picks Goodyear for manufacturing facility

by in AZRE Magazine | Industrial

Finland-based food packaging firm, Huhtamaki North America, acquired a 750,000-square-foot rail-served manufacturing and distribution facility at the Cotton Lane Commerce Park in Goodyear, according to an announcement from Newmark Grubb Knight Frank. Huhtamaki has indicated its intent to exceed $100 million in capital investment at the site, with the goal of building a “21st century… Read More →

225,600 SF Gilbert industrial facility opens

AZ|60 consists of two buildings and is near two major highways in the Phoenix area. (Photo courtesy of Conor Commercial Real Estate)
by in AZRE Magazine | Industrial

Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, completed construction on AZ|60, an industrial property within Gilbert. The new two-building, 225,600-square-foot speculative industrial property is located within Fiesta Tech Center strategically positioned just off the intersection of Arizona Avenue and Baseline Road in Gilbert, Arizona. The facility is available for immediate… Read More →

Tire’s Warehouse leases first Arizona distribution center

Tire's Warehouse
by in AZRE Magazine | Brokerage | Industrial

The Phoenix office of JLL completed an 83,000-square-foot lease that establishes well-known tire distributor Tire’s Warehouse Inc. (TWI) in its first-ever Arizona location and its only distribution center outside of California. The new facility, which is located at 1502 E. Buckeye Rd. in Phoenix, brings TWI to seven distribution centers across the West, including one new… Read More →

Pima Center to develop 150KSF expansion

Pima Center
by in AZRE Magazine | Construction | Industrial

MainSpring Capital Group, developer of the highly successful Pima Center at the Loop 101 and Via de Ventura in Scottsdale, announced plans to speculatively develop 150,660 square feet of light industrial space suitable for warehouse/assembly/distribution uses. The project is called ‘Mainspring Flex Phase III at Pima Center.’ MainSpring’s light industrial offering at Pima Center (of… Read More →

Houston-based Hines buys 820k SF industrial facility

investment firm
by in AZRE Magazine | Brokerage | Industrial

The JLL Capital Market team negotiated the sale of Goodyear Crossing II, an 820,384-square-foot, Class A fulfillment center in Goodyear, which was purchased by  real estate investment firm Hines for $56.2 million. The property was fully leased at the time of the sale. As investment grade tenants continue to see the value of locating in Phoenix, investors… Read More →

300k SF Goodyear warehouse completed (photos)

by in AZRE Magazine | Brokerage | Industrial

LGE Design Build completed construction on a new 300,000-square-foot U.S. Western warehouse and distribution center in Goodyear for Michael Lewis Company (MLCo). MLCo selected Goodyear Gateway industrial park for its new building because of its pre-approved Foreign Trade Zone designation and close proximity to Interstate 10. With almost 100 employees, MLCo had outgrown its previous… Read More →

CBRE completes more than 260KSF of industrial leases

by in AZRE Magazine | Industrial

CBRE completed over 260,000 square feet of industrial leases at two new Trammell Crow Company industrial projects in the Deer Valley Airpark submarket of metropolitan Phoenix. The first of the two projects, Park Ladera at Spectrum Ridge, consisted of 220,000 square feet of warehouse space and was completed in August 2015. The CBRE team of Mitch… Read More →

Phoenix sale is among 10 largest industrial deals of the year

by in AZRE Magazine | Industrial

In one of the top 10 largest industrial transactions of the year, The Koll Company, and Seera Investment Bank B.S.C.(c), based in the Kingdom of Bahrain, acquired a 1,009,351-square-foot distribution center in Phoenix, Arizona for $74.75 million.  The massive warehouse, located within the Buckeye Logistics Center, is fully leased to a Fortune 50 international E-Commerce company,… Read More →

Phoenix industrial activity on the rise, according to reports

Phoenix Industrial
by in AZRE Magazine | Industrial

Phoenix industrial vacancies have been down, according to one report, as another report sites high activity in Phoenix’s third-smallest industrial submarket, northwest Phoenix. Colliers International Colliers International in Greater Phoenix released its mid-year 2016 Industrial Market Report for Greater Phoenix, and found an increase in leases for the second quarter. The Colliers report highlighted: Industrial… Read More →