Industrial Archives

Phoenix industrial markets continue to break ground

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Source: Lee & Associates Q1 Report The Phoenix industrial market continued to improve in the first quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and flex space. The most recent seven quarters have… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

Willis/Arizona Avenue Corporate Park breaks ground

Sun State Builders proudly announced the ground breaking of The Willis/Arizona Avenue Corporate Park. This development consists of two spec warehouse buildings located at the SE corner of Willis Road. & Arizona Avenue in Chandler, AZ. The total square footage of the two buildings is 140,000 SF and situated on an 11 acre lot just south of… Read More →

Special Devices Inc. buys 20 acres for manufacturing facility

DTZ announced that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the seller, RD Greenfield, LLC, during the transaction. The buyers… Read More →

WingSpan Aviation Center approved at Chandler Airport

A new-to-market concept is on its way to Chandler Municipal Airport, introducing new businesses to Chandler’s growing aviation industry.  Chandler City Council last night approved a 50-year ground lease agreement for the WingSpan Aviation Center at Chandler Municipal Airport (CHD).   The first phase of the project will include 80,000SF of hangar/office space. Each hangar… Read More →

Coldwater Depot Logistics Center enters phase 3

Coldwater Depot Logistics Center

Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and joint venture partner Clarion Partners, a leading U.S. real estate investment manager, announced Tuesday that construction has begun on Coldwater Depot Logistics Center, Phase 3, a 187KSF, class-A speculative industrial building in Avondale, Ariz. Construction is scheduled to be… Read More →

Tractor Supply Company plans Arizona distribution center

rsz_tractorsupply_representativephoto

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, announced Monday plans to build a new distribution center in Casa Grande, Ariz. “The addition of a new distribution center in the Southwest is key to our western expansion strategy,” said Greg Sandfort, president and CEO. “Arizona’s proximity to… Read More →

Oregon investor plans industrial packing facility in Mesa

460wMcKellipsRd_Aerial, Lee Associates, WEB

A 5.87-acre land parcel at 460 W. McKellips Rd. in Mesa sold for $1,400,000 to an Oregon buyer with plans to build an industrial packing facility. Price per SF was recorded at $5.47. The utility improved, M-1 and M-2-zoned industrial parcel sits adjacent to the Loop 202 Freeway right at the full-diamond interchange at Country… Read More →

Southwest Industrial Center

Southwest Industrial Center

Southwest Industrial Center Developer: Hillwood, A Perot Company General Contractor: Hillwood Construction Services Location: 7775 W. Buckeye Rd., Phoenix Size: +/-684,420 SF (Expandable to 1,251,608 SF) Brokerage Firm: CBRE Start/Completion: March to October 2014 Subcontractors: Ace Asphalt, Aero Automatic, Bell Steel, Canyon State Electric, Levake Construction, Markham Contracting, Panelized Roof, Suntec Concrete Highlights: Phase I… Read More →

Chandler approves 20-acre industrial park plans

Chandler Airport Center rendering

The Chandler City Council approved the Planned Area Development (PAD) zoning request and site plan approval for Chandler Airport Center on Oct. 23, a general industrial park at the SWC of Germann and Cooper roads in Chandler. Meritex Chandler, LLC, a wholly owned subsidiary of Minneapolis based Meritex, will develop Chandler Airport Center in association… Read More →

New To Market: Broadway 101 Commerce Center Park – Phase III

Broadway101_Phase3_Elevations_CT

DEVELOPER: Property Realty Advisors General contractor: TBD Architect: Euthenics Architecture & Interiors Location: NWC of Broadway and Dobson roads, Mesa, Ariz. Size: 211,505 SF Brokerage Firm: Cassidy Turley Value: WND Start/Completion: December 2014 SUBCONTRACTORS: Parsons Design Studio, CaliChi Design Group Highlights: Commerce Center Park Phase III features two buildings totaling approximately 211,505 SF on the… Read More →

New to Market: Lux Air Jet Centers

LuxAir_Entry

OWNER: Lux Air Jet Centers Construction Manager: BSI Construction Services General contractor: Adolfson & Peterson Construction Architect: Larson Associates Location: Phoenix-Goodyear Airport – 1658 Litchfield Road, Goodyear, Ariz. Size: 67,290 SF Value: $8.2M Start/Completion: July 2014 to April 2015 Highlights: The Lux Air Goodyear location will be a fixed-base operator (FBO) facility for Lux Air… Read More →

Multifamily developers make name brand connection

Multifamily

Naming apartment communities has always been an art form. Some community names connect to romantic or exotic locales, others to the landscape and still more simply to location. “We believe that an apartment is more than just a place to have dinner and go to bed,” says Rob Lyles, partner in Deco Communities. “We see… Read More →

Michael Lewis Co. buys parcel in Goodyear Gateway South

Goodyear Gateway South, EJM Development

Goodyear Gateway South, the 221-acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first user. Michael Lewis Co. (MLCo) has purchased a 30-acre parcel for development. The financial terms of the transaction were not disclosed. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s… Read More →