Industrial Archives

Glendale Industrial space sells for $1.75M

Industrial Space
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services negotiated the $1.750 million sale of a 16,150-square-foot industrial building located on 3.77 acres at 5150 N. Tom Murray Ave. in Glendale. Carl Johnson with Daum Phoenix represented the seller, MTCCG LLC of Paradise Valley. The company is a family trust who has owned the facility for 40 years. Daum… Read More →

Opus developing 390KSF industrial project near Sky Harbor

Opus Developing
by in AZRE Magazine | Industrial

Opus Development Company, LLC purchased a 23-acre parcel of land at the northeast corner of 7th and Elwood Streets in Phoenix, and plans to develop a 390,000 square-foot industrial property on the site. The project will break ground in February and is called Opus Airport Industrial. Opus Airport Industrial will feature a 390,000-square-foot cross-dock warehouse… Read More →

Phoenix warehouse sells for $3.57M

by in AZRE Magazine | Brokerage | Industrial

California-based Daum Commercial Real Estate Services negotiated the $3.57 million sale of a 35,318-square-foot industrial warehouse located at 21615 N. 7th Avenue in Phoenix. Chris Rogers and Trevor McKendry of Daum Phoenix represented both the buyer and seller in the transaction. Bob Lundstedt, first vice president of Daum Phoenix, assisted in representing the seller. The… Read More →

Chandler industrial property sells for $3.15M

Vintage Industrial
by in AZRE Magazine | Brokerage | Industrial

Phoenix-based GPE Commercial Advisors secured the sale of 5.21 acres of zoned industrial land that included 25,234 square-feet of office and warehouse space in Chandler for $3,150,000. CSW Land Co Riggs purchased the property, and Gail Brown associate vice president at GPE represented the seller while John Werstler of CBRE represented the buyer. The property… Read More →

Westcore returns to Phoenix with industrial buy

Industrial Space
by in AZRE Magazine | Industrial

Westcore Properties reentered the Phoenix market after a short hiatus, adding a 170,625 square-foot industrial property located at 125 N. 67th Ave. to its portfolio. Westcore purchased the property, originally built in 2001, from an independent Canadian investor for $10.2 million. After approximately two years without a Phoenix property in its portfolio, Westcore wanted to… Read More →

Phoenix industrial market finishes year strong

Phoenix Industrial Market
by in AZRE Magazine | Industrial

Phoenix’s industrial market had an exceptional final quarter in 2015, according to a Lee & Associates report. The improving economy, including consumer confidence, a rising home market and lower unemployment, have fueled the industrial sector’s healthy year, the report stated. Construction activity remains at a healthy clip and a strong pipeline remains in place. This… Read More →

Lincoln sells $37M 5-building Phoenix portfolio

by in AZRE Magazine | Brokerage | Industrial | Office

In a $37.98 million deal, Lincoln Property Company announced the completion of the sale, Wednesday, of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust, Inc. The deal includes Lincoln Deer Valley and Lincoln Pinnacle Park assets. “These buildings are 97 percent NNN leased with staggered expirations, and below-market rents that deliver… Read More →

LGE Design Build completes TruTemp Equipment building


LGE Design Build has recently completed construction of a new 32,500-square-foot office/warehouse building for TruTemp Equipment, the largest wholesale food service equipment distributor in the Southwest. TruTemp’s building is located at 4010 E. Raymond St. in Phoenix within the Pinnacle Business Park. TruTemp outgrew its previous location for the third time in the past 12… Read More →

Conor Commercial and Globe break ground on AZ|60


Conor Commercial Real Estate, a member of The McShane Companies, and joint venture partner, Globe Corporation, have broke ground AZ|60, a premier 225,000 square foot industrial development located in Gilbert, Arizona. A kick-off event was held on November 19th marking the official onset of construction of this highly-anticipated speculative project. All attendees were invited to… Read More →

Wentworth purchases Tempe industrial building for $3.6M


Cushman & Wakefield announce that Phoenix-based Wentworth Property Company (“WPC”) purchased a ±42,281 square foot industrial property at 2077 E. University Drive in Tempe, AZ for $3.6 million. The seller was Essex Scot, LLC of Riverside, CA. Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield negotiated the sale transaction… Read More →

Reywest Commerce Center in West Phoenix sells for $6M


Cushman & Wakefield announced the $6 million investment sale of Reywest Commerce Center, a ±85,739 square foot industrial building at 3949 W. Van Buren St. in Phoenix. The buyer was Exeter Exeter Property Group from Plymouth Meeting, PA. Will Strong, Andy Markham, SIOR, Mike Haenel and Phil Haenel of Cushman & Wakefield negotiated the sale… Read More →

Tesla Motors will move into Tempe industrial building


A 42,281 SF industrial building at 2077 E. University Dr., in Tempe has sold for $3,600,000 ($85.14 per SF) and will house a service facility for Tesla Motors, the innovative maker of luxury, electric automobiles. This is the second location for a Tesla service center in the Valley. The other is located in the Scottsdale Airpark.… Read More →

Cohen Financial secures $178M for 24 property portfolio

Vintage Industrial

Cohen Financial has secured the $178.5 million loan for the acquisition of a diversified portfolio of 24 properties located in 12 states by Northstar Commercial Partners, a Denver-based, privately-held commercial real estate (CRE) company that specializes in buying distressed CRE assets across the United States. Mark Strauss, Managing Director of Cohen Financial’s Irvine office, and… Read More →

Aerostar Aerospace leases building in Deer Valley


Aerostar Aerospace Manufacturing, a manufacturer of high-complexity machine parts used in commercial aircraft, has completed a 7-year lease on an industrial/manufacturing building located at 2688 East Rose Garden Lane in Phoenix, Arizona. The property is owned and operated by Generic Investments II, LLC. Kidder Mathews commercial real estate brokers, Mike Ciosek, Eric Bell, and Dylan… Read More →