Industrial Archives

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

123rf.com: Vadim Guzhva
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 →

REI’s Goodyear distribution center gets LEED Platinum certification

Goodyear
by in AZRE Magazine | Building Green | Industrial

REI’s distribution center in Goodyear became the first distribution center to receive both the LEED Platinum certification and the Net Zero Energy rating after it received the LEED certification on Wednesday. The 400,000-square-foot distribution center is the first center in 2016 to earn the Platinum Certification, and is the second largest Platinum-certified distribution or warehouse… Read More →

NAI Horizon negotiates $1.423M Tempe industrial lease

NAI Horizon
by in AZRE Magazine | Industrial

NAI Horizon represented the landlord in a sublease and long-term lease for a Tempe HVAC contractor at 1888 E. Broadway Rd. in Tempe. NAI Horizon negotiated the short-term sublease of the property for $177,000, representing CEC of Farmers Branch, Texas. NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss then represented Tempe Partnership of… Read More →

Single-tenant industrial property sells for $3.03M

industrial property
by in AZRE Magazine | Industrial

CBRE completed the $3.03 million sale of Turner Crossing at Southbank, a 20,103-square-foot single-tenant flex industrial property located at 3401 E. Harbour Dr. in Phoenix, Arizona. California-based Turner Real Estate Investments, sold the property to California-based Portex Partners. Kelly Betpolice and Peter Steigleder of Brookfield Partners represented the buyer. The seller was represented by Mike Parker, Evan… Read More →

Industrial building at Freeport Center sells for $4.7M

Freeport Center
by in AZRE Magazine | Industrial

Four Lee & Associates brokers recently negotiated the $4,700,000 all-cash sale of a 75,786-square-foot industrial warehouse building at Freeport Center, 5520 W. Maricopa St., Phoenix. The price per-square-foot was $62.02. Lee & Associates Principals Allen Lowe and Steve Farrell negotiated on behalf of the seller, Maricopa-Phoenix (KBP), LLC. Principals Rick Robertson and Scott Smith represented… Read More →

Daum negotiates $1.9M Phoenix industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services negotiated the $1.9 million sale of a 78,171-square-foot office/warehouse building set on 4.8 acres located at 4645 W. Van Buren St. in Phoenix. Skip Corley with Daum Phoenix represented the seller, Nebraska-based BM&J Phoenix LLC, in the fully-leased investment sale transaction. The buyer of the office facility was Gonzales Family Trust… Read More →

Opus Airport Industrial Development sold

Opus

The Opus Group  sold Opus Airport Industrial, a 393,300-square-foot Class A warehouse and distribution center it recently completed. The building was sold to an entity formed by Principal Real Estate Investors, a subsidiary of the global asset management company Principal Financial Group. Opus reports it is unable to disclose the project’s cost or sale price. The… Read More →

Chandler industrial facility sells for $2.456M

Chandler industrial facility
by in AZRE Magazine | Industrial

NAI Horizon Senior Vice President Jeff Adams represented the buyer, Phoenix-based Marx Properties LLC, in the $2.456 million sale of a 26,199-square-foot industrial building at 4151 W. Lindbergh Way in Chandler, Ariz. The property sits on 1.83 acres along the Loop 202 with proximity to Stellar Airpark. It will be used for corporate event planning… Read More →

West Phoenix industrial facility sells for $33.55M

West Phoenix
by in AZRE Magazine | Industrial

Colliers International in Greater Phoenix negotiated the $33,550,000 sale of a 452,271-square-foot industrial facility in West Phoenix. The facility is occupied by Breakthru Beverage Group. The sale represents one of the highest prices paid per square foot in the market, reflecting the strong dynamics of the West Phoenix industrial submarket. “The West Phoenix submarket is… Read More →

Daum negotiates 100KSF manufacturing facility lease

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services negotiated the lease of a 100,000-square-foot manufacturing facility located at 525 W. Alameda Dr. in Tempe. Rich Sica, executive vice president with Daum Phoenix, represented the lessee, 21st Century Healthcare, in the transaction. This represents Sica’s fourth lease transaction for the nutraceutical company to expand in the Valley over the past several… Read More →

‘Arizona Republic’ built-to-suit sold for $4.5M

Arizona Republic
by in AZRE Magazine | Industrial

A 35,328-square-foot distribution facility at 18808 N. 32nd St., Phoenix was sold to a Tustin, CA-based firm for $4,500,000 or $127.37 per-square-foot. Phoenix Newspapers Inc., parent company to The Arizona Republic, occupies the facility. Lee & Associates principal, Matt Hobaica, represented the buyer, Greenwood & McKenzie Real Estate Investments. The owner, E & H Smith &… Read More →