Industrial Archives

Ground breaks on 386,100 SF industrial project in Tolleson

First Industrial Rendering

Sun State Builders has broken ground on the First Industrial project in Tolleson, AZ. The 386,100-square foot cross dock distribution facility situated on 21.2 Acres will be complete by December of this year and will serve as the new home of Mattress Firm and other tenants. The Class A building will offer 36-feet clear height, K-25 ESFR,… Read More →

Colliers International completes $20 million investor sale

colliers

Colliers International in Greater Phoenix recently completed the sale of a 313,600-square-foot cross-dock distribution warehouse in Phoenix for $20.32 million, or $64.80 per square foot. CAM Industrial Fund Acquisition Fund, LLC, an affiliate of Cohen Asset Management Inc., of Los Angeles, Calif., purchased the property, located at 4550 West Watkins Street, from Kansas City Life… Read More →

Ground breaks on 215,000 SF industrial building in Tempe

2040 W Rio Salado Parkway - Liberty Center at Rio Salado - Tempe AZ - co...

Liberty Property Trust has announced that it will break ground on its first industrial development project in Liberty Center at Rio Salado in Tempe, Arizona to meet tenant demand. Development will commence immediately at 2040 W. Rio Salado Parkway, with expected delivery by the end of 2015. Liberty has previously completed two LEED Gold speculative… Read More →

Speculative industrial development to launch in Gilbert

conor

Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, have announced the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet… Read More →

ABA Project Profiles: Arizona’s Finest

Arizona Cancer Center

Arizona Builders Alliance is a partnership between the Arizona chapters of the Associated Builders & Contractors (ABC) and the Building Chapter Associated General Contractors (AGC). It represents more than 250 contractors, suppliers and professional service firms in the commercial construction industry. Here are spotlight projects its members have been working on this year. Airport I-10… Read More →

DTZ sells Phoenix industrial property for $4.6 Million

USG

DTZ, a global leader in commercial real estate services, announced the $4.6 million sale of a single-tenant industrial property occupied by United State Gypsum Corp. (NYSE: USG) at 5061 N. 51st Avenue in Phoenix. R&H Investments of Los Angeles purchased the ±99,923 square foot manufacturing and distribution building from Camelback Industrial, LLC of Santee, CA.… Read More →

Basic Metals will open manufacturing plant in Goodyear

basic metals building photo
August 7, 2015 by in AZRE Magazine | Featured | Industrial

Basic Metals Inc., an independently-owned aluminum service center and supplier plans to open a new manufacturing and distribution center in Goodyear, AZ, company officials, announced this week. The announcement comes following the Wisconsin-based company’s recent purchase of an industrial building at 15635 W. Illini Street near MC85 and Estrella Parkway. Specializing in aluminum sheet, coil… Read More →

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 →