Industrial Archives

3-building project breaks ground after 30 years

Davis Enterprises – Investments & Development is a family-owned business with many investments and redevelopment projects throughout the Valley, including a five-acre site that has been in the family portfolio for more than 30 years near the I-17 at 2005, 2015 and 2025 W. Deer Valley Rd. While the site has been occupied by different… Read More →

Moving company buys industrial property for $7M

Moving company location
by in AZRE Magazine | Industrial

A 94,885-square-foot industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50-per-square-foot to a national moving and storage company. Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, Phoenix-based S&M Moving Systems. The company is one of the… Read More →

Solar company to move operations from California to Tempe

Solar company warehouse
by in AZRE Magazine | Industrial

An entity owned by California-based Solar Junction, a solar cell manufacturer, purchased a warehouse in Tempe with plans to move Solar Junction operations to the facility near 48th Street and Southern Avenue, according to Lee & Associates, the brokers on the sale. Huntington Geneva LLC, a holding entity for the San Jose-based Solar Junction, acquired… Read More →

Daum works on $11.2M worth of industrial sales

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $11.22 million sale of three industrial buildings located in Phoenix. In the first transaction, Zouras Trust of Santa Fe Springs, Calif. purchased two single-story industrial office buildings in Southbank Business Center located at 3249 and 3259 E. Harbour Dr. in Phoenix for $4.8 million. The 3249 E. Harbour… Read More →

CBRE to lease and market Buckeye Business Center

CBRE

Five Star Development enlisted CBRE to lease and market its 698,853 square-foot, multi-tenant Buckeye Business Center in Phoenix. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office will lead the marketing and leasing efforts for the Class A facility (8585 W. Buckeye Road) located along Buckeye Road between 83rd and 87th Avenues. Built… Read More →

BKM buys industrial park for $17.2M

BKM
by in AZRE Magazine | Industrial

Fund management firm, BKM Capital Partners, acquired Northwest Business Center, an 11-building multi-tenant light industrial business park totaling 227,603 square feet in Phoenix, Arizona for $17.2 million. The business park is located at 2310-2440 W. Mission Ln., 9014-9034 N. 23rd Ave., and 9013-9033 N. 24th Ave. Phoenix, Arizona. Robert Buckley at Cushman & Wakefield represented the seller.… Read More →

2 Phoenix industrial buildings sell for $4.8M

Phoenix
by in AZRE Magazine | Industrial

Two industrial investment buildings at 3249 & 3259 E. Harbour Dr. were bought for $4.8 million by Tashi G Zouras, Trustee, according to Commercial Properties Inc./CORFAC International. The buildings equaled approximately 42,001 square feet and are located in Southbank Business Center, just off the I-10 and 40th Street. Ron Schooler of CPI’s Investment Specialist Team… Read More →

Deer Valley industrial facility sells for $4.75M

Deer Valley
by in AZRE Magazine | Industrial

A Deer Valley industrial facility sold for $4.75 million to a Los Angeles-based company, according to Cushman & Wakefield. West End Hotel LLC purchased the 36,907-square-foot property at 1733 W. Parkside Lane in Phoenix from Phoenix-based Accutron Real Estate Holdings. Cushman & Wakefield’s Executive Directors Rick Danis, Kent Hanson and Paul Boyle represented the seller. Bob Broyles… Read More →

Phoenix logistics center sells for $22.4M

Phoenix Logistics Center
by in AZRE Magazine | Industrial

An LEED Certified distribution center, the Santa Fe Logistics Center, in Phoenix was sold by Phoenix-based development and investment firm Tratt Properties for $22.4 million to national food distributor Greco & Sons Inc., according to CBRE. The local distributor of Budweiser, Hensley Beverage Company, occupies 112,669 square feet of the 367,963-square-foot industrial center located at 4450 N. 45th… Read More →

First Electronics moves into 35,000 SF manufacturing facility

First Electronics
by in AZRE Magazine | Industrial

To accommodate its recent growth, a local custom electronics manufacturer has taken occupancy in a high-end, build-to-suit facility that is three times its current location. NAI Horizon Senior Vice President Rick Foss represented the buyer in the $3.54 million purchase of a 35,100-square-foot manufacturing building at 150 E. Chilton Dr. in Chandler, Ariz. Tempe-based 7Chilton LLC… Read More →

Deer Valley industrial campus sells for $26.4M

industrial campus
by in AZRE Magazine | Industrial

A 220,463-square-foot industrial campus in Phoenix was sold for  $26.4 million to industrial property owners Meritex Enterprises Inc., according to CBRE. “This acquisition is in keeping with our strategy of investing in markets that provide opportunity for growth, expansion and diversification,” commented Dan Williams, chief investment officer of Meritex. “We continue to seek additional investments in… Read More →

Avondale OKs deal for Vitamin Shoppe distribution center

by in AZRE Magazine | Industrial

Vitamin Shoppe is locating its new West Coast distribution facility to Avondale, into an existing newly-built 187,000-square-foot building, in an agreement unanimously approved by the Avondale City Council. The Avondale City Council approved the deal on Jan. 17 for Vitamin Shoppe to move into the warehouse near Van Buren Street and 123rd Avenue. The Vitamin Shoppe’s… Read More →

2017 Outlook: Industrial absorption could see rise

industrial absorption
by in AZRE Magazine | Industrial

Industrial vacancy rates returned to single digits for the first time since the third quarter of 2007 and the Valley’s market is expected to remain hot. Cushman & Wakefield reports overall asking rent rates in the Phoenix Metro reached its highest rate of $0.56 since Q3 2009. According to the same report, 15 of the… Read More →

Silagi Development breaks ground on Chandler Airpark

Chandler Airpark
by in AZRE Magazine | Industrial

Silagi Development & Management (SDM) broke ground on Chandler Airpark, a Class A business park to feature six single-tenant industrial buildings in Chandler, Ariz. Working with LGE Design Build Chandler Airpark located on Douglas Drive, just west of Stearman Drive, is scheduled for completion in April 2017. Chandler Airpark will be the only product of its kind available… Read More →