Industrial Archives

Cohen Financial secures $178M for 24 property portfolio

Vintage Industrial

Cohen Financial has secured the $178.5 million loan for the acquisition of a diversified portfolio of 24 properties located in 12 states by Northstar Commercial Partners, a Denver-based, privately-held commercial real estate (CRE) company that specializes in buying distressed CRE assets across the United States. Mark Strauss, Managing Director of Cohen Financial’s Irvine office, and… Read More →

Aerostar Aerospace leases building in Deer Valley


Aerostar Aerospace Manufacturing, a manufacturer of high-complexity machine parts used in commercial aircraft, has completed a 7-year lease on an industrial/manufacturing building located at 2688 East Rose Garden Lane in Phoenix, Arizona. The property is owned and operated by Generic Investments II, LLC. Kidder Mathews commercial real estate brokers, Mike Ciosek, Eric Bell, and Dylan… Read More →

CPI sells industrial flex building in Chandler

AZ Ave & Warner

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, has sold Sunstate Plaza, a 18,815 SF industrial flex building located at 1727 N Arizona Avenue in Chandler, Arizona. Darin Edwards of CPI’s Industrial Team, and Andy Jaffe of CPI’s Investment Specialist Team represented the seller, New Age Properties, LLC, in this $1.61 million investment… Read More →

LGE Design Build completes 44,000 SF Mesa building


LGE Design Build has recently completed the construction of a 44,000-square-foot building for METSO, the world’s leading industrial company in the mining and aggregates industries and in the flow control business. The building is part of Metso’s service center network and provides a wide range of services primarily to mining and aggregate customers in the… Read More →

NAIOP members’ office and industrial projects

SkySong, The ASU Scottsdale Innovation Center — SkySong 4

Project profile criteria per NAIOP: Property must be owned or have non-refundable earnest money in escrow by 8/1/15. Property must have a color site plan and color rendering completed. Property must have proper zoning in place. Property must be bigger than 100,000 square feet Amkor Headquarters  Developer: Ryan Companies US, Inc. General Contractor: Ryan Companies… Read More →

Mangat purchases industrial building and land for $2.4M


Mangat Investments I, LLC has purchased a 40,081 square foot freestanding industrial building on 3 acres of land at 7138 N. 110th Ave. in Glendale, AZ, for $2 million. The company also purchased 4.52 acres of additional land adjacent to the building at 7100 N. 110th Ave. for $390,000. Cushman & Wakefield Vice President Louis… Read More →

BKM makes sizeable acquisition in Phoenix


BKM Capital Partners has acquired the Koll Cotton Center, a seven-building, 225,435 square-foot industrial business park in Phoenix for $26 million. “The Cotton Center is an institutional quality asset that presents a dynamic value proposition,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners. “By acquiring this property well below replacement cost, there is a… Read More →

Manufacturer expands space with $2.76M industrial buy


A Tempe manufacturing firm closed on the purchase of a 51,986 SF building at 2920 E. Chambers Dr. in Phoenix for $2,760,000 or $53.09 per SF. Lee & Associates Principal Ken McQueen represented the buyer, Arcadia, Inc. of Phoenix while Andy Cloud of Cushman & Wakefield represented the seller, Able Engineering and Component Services (aka… Read More →

JLL sale brings West Valley interest to East Valley asset


The Phoenix office of JLL has just closed the $9.4 million sale of 464 E. Chilton Dr., a manufacturing/distribution facility in Chandler, Arizona that underscores the growing interest in Southeast Valley industrial investment assets. JLL Vice President Steve Larsen and JLL Managing Director Bill Honsaker brokered the deal for the buyer, Cohen Asset Management, and the seller,… Read More →

4-acre site approved for industrial development in Chandler


The city of Chandler’s Mayor and city council gave a unanimous green light for future development of a nearly 4-acre land parcel on Gila Springs Place, west of Kyrene Road for future industrial development. The property lies within the Paloma Kyrene Business Community. A request was made for rezoning from Planned Area Development (PAD) for… Read More →

CCIMs report a 94% closing rate on industrial transactions

Members of the CCIM Institute, Commercial Real Estate’s Global Standard for Professional Achievement, indicated strong investor interest in industrial properties, according to the organization’s 3Q15 Quarterly Market Trends report. Approximately 69 percent of CCIM members who participated in a July/August 2015 market intelligence survey reported a higher industrial deal flow year over year, with a… Read More →

Former Young’s Market industrial property sells for $5.5M

200 S. 49th Ave Photo

Cushman & Wakefield has announced the $5.5 million sale of an industrial facility at 200 S. 49th Ave. Evergreen Industrial Properties, LLC, of California purchased the 114,871-square-foot building from California-based Young’s Holdings, Inc. (Young’s Market Company). Constructed in 1989, the property was previously a warehouse and office facility for Young’s Market Company in the heart… Read More →

96,000 SF Chandler manufacturing facility closes for $5.88M

6615 W. Boston St

A 96,000 SF manufacturing building at 6615 W. Boston St. in Chandler sold for $5,875,000 or $61.20 per SF. Lee & Associates Principal Matt McDougall represented the buyer, Evergreen Industrial Properties, LLC of Oakland, CA. The seller was Schneider-Chandler, LLC of Phoenix and was represented by Jones Lang LaSalle. The 1978-built building on 5.24 acres and has I-2… Read More →

Stitch Fix to open fourth distribution center in Phoenix


Stitch Fix, an online personal styling service for the busy woman on the go, has announced plans to open its fourth distribution center in Phoenix, AZ. The new distribution center, located on West Lower Buckeye Road, will open in November 2015 and will help the company scale operations and better serve clients located in the… Read More →