Industrial Archives

Ryan Companies and Group Health Cooperative break ground

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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 →

Industrial building sold In Parkside Business Center

1911 W Parkside Lane 02

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, has announced the sale of 1911 W Parkside Lane, a ±32,221 SF building in Parkside Business Center in Phoenix, AZ.  Tyson Breinholt of CPI’s Investment Specialists Team represented the buyer, OPNS, LLC in this transaction. Tyson Breinholt commented, “Parkside Business Center was a great location… Read More →

Daum negotiates $5.7M sale for U-Haul

6112 N. 56th Ave. Glendale Building
June 17, 2015 by in AZRE Magazine | Featured | Industrial

Daum Commercial Real Estate Services has negotiated the $5.7 million sale of a 120,000-square-foot industrial manufacturing facility located on 28 acres at 6112 N. 56th Avenue in Glendale. David Wilson, executive vice president with Daum Phoenix represented both the buyer and the seller in the transaction. The buyer was AMERCO Real Estate Company, a provider… Read More →

DCT Industrial Trust acquires Tempe industrial property

402 W Geneva
June 15, 2015 by in AZRE Magazine | Brokerage | Featured | Industrial

DTZ has announced today that DCT Industrial Trust (NYSE: DCT) purchased a fully leased, 49,956 square foot freestanding distribution center at 402 W. Geneva Dr. for $3.35 million. DCT Industrial Trust is a publicly-traded, real estate investment trust (REIT) specializing in the ownership, acquisition, leasing, development, redevelopment and management of bulk distribution and light industrial properties. The… Read More →

Old Dominion Freight Line opens new service center

Old-Dominion-Service-Center-photo-1
June 12, 2015 by in AZRE Magazine | Industrial | New to Market

Old Dominion Freight Line, Inc. will officially open its newest service center, a 141-door facility located just south of I-10 this Friday, June 5. The new Phoenix Service Center, located at 135 S. 79th Ave., Tolleson, AZ 85353, replaces a smaller facility at 2205 S. 43rd Ave. Phoenix, AZ 85009. The Thomasville, N.C.-based less-than-truckload (LTL) carrier, which… Read More →

Ground breaks on Reliable Forklift’s office, industrial shop

Reliable Forklift, WEB

Construction has officially started on Reliable Forklift’s new offices and industrial shop. A groundbreaking took place yesterday morning on the 3-acre lot located at 2150 East University Drive in Phoenix. Company owners, Don and Mary Carlson purchased the land and existing buildings in January 2015 to expand and relocate its current operations at 3652 E.… Read More →

Bean Drywall gets new digs in Phoenix

Courtesy of LGE Design Build

LGE Design Build has completed an 11,071 SF office and related warehouse storage facility for Bean Drywall, a Phoenix-based company that installs gypsum drywall for construction projects in the Valley and the Prescott/Sedona area. The building, 23011 N. 15th Lane in Phoenix, is the third LGE Design Build has constructed for Bean Drywall over the… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →

Sky Harbor Business Park has a new spec building

Eastgroup Rendering

Sun State Builders announced the completion of another speculative development project.  Sun State Builders, Eastgroup Properties and Butler Design Group teamed up to construct the industrial spec building located in Sky Harbor Business Park at 1725 E. University Dr. The team utilized the City of Phoenix self-certification program to expedite the permitting process. The 31,410… Read More →

Big Deals: Industrial Sales, May 2015 – June 2015

2650 E. Queen Creek

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

REI to open 400KSF distribution center on Loop 303

REI Goodyear Distribution Center

Seattle-based REI, a leading outdoor retailer, has announced it will open a 400,000-square-foot distribution center creating more than 100 new jobs in the West Valley – becoming the third tenant along the newly-opened Loop 303 in Goodyear. REI offers its members and customers outdoor gear and apparel for activities such as for hiking, biking and… Read More →

Mattress Firm to open in new Tolleson building

Mattress Firm Rendering

Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year. First Industrial Realty Trust Inc., a Chicago-based publically-traded REIT, purchased the land and teamed up with Merit Partners Inc. of Phoenix to… Read More →

Tiburon @ Chandler Airport breaks ground

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DTZ has announced the ground breaking of Tiburon @ Chandler Airport. Tiburon Companies executives Michael Burton, Robert Burton and Dwayne Burton were joined by Mayor Jay Tibshraeny, Chandler City Council members Nora Ellen, Terry Roe and Jack Sellers along with their project team and other local leaders to celebrate the ground breaking of Tiburon @… Read More →