Industrial Archives

Goodyear lands new $180M UPS facility

UPS announced plans today for a new $180 million package processing hub in Goodyear, near the Loop 303 Freeway and I-10, to increase its processing capacity for e-commerce. The phased hub construction modifies a 618,000-square-foot structure on 140 acres in the PV303 Development. A portion of the building is expected to begin operating later this year in… Read More →

Wine distributor buys Phoenix facility for $20.5M

Wine distributor
by in AZRE Magazine | Brokerage | Industrial

On behalf of Young’s Market Company of Arizona, a family-owned distributor of wines, spirits and select beverages, Cushman & Wakefield recently negotiated the purchase of 402 S. 54th Place in Phoenix for $20.5 million. The seller was Los Angeles-based Barley Equites V LLC. Andy Markham, SIOR, Will Strong, Mike Haenel and Phil Haenel of Cushman & Wakefield represented Young’s Market Company of Arizona. The team represented Young’s in previous site selections, including the… Read More →

DeMichele Group buys Chandler Airpark asset for relocation

by in AZRE Magazine | Industrial

Newmark Grubb Knight Frank (NGKF) announced the purchase of 2110 S. Douglas Drive, Building B, in Chandler, AZ. The 17,149-square-foot Class A industrial asset located in the Chandler Airpark will be the new home for DeMichele Group, a privately owned provider of software and equipment for the fenestration industry. NGKF’s Executive Managing Director Jerry Jacobs… Read More →

Gilbert Orbital ATK offices sell for $5.5M

Orbital ATK offices in Gilbert
by in AZRE Magazine | Industrial

A California-based investment firm purchased the Orbital ATK offices in Gilbert near Baseline Road and Country Club Drive for $5.5 million. The 73,283-square-foot industrial facility at1405 N. Fiesta Blvd. in Gilbert was sold to Abington Emerson Investments by an undisclosed seller. The single-story industrial facility sits on a 5.2-acre site and was built in 1998. “Fiesta… Read More →

Dexcom renovates warehouse into medical device manufacturing space

Skanska, one of the largest construction and development firms in the United States, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space… Read More →

Scottsdale industrial facility sells for $285k

Scottsdale industrial facility
by in AZRE Magazine | Industrial

A Scottsdale flex/industrial condo facility near the Loop 101 and Bell Road sold for $285,000 to an individual buyer, Charles Comolli, Jr., according to ORION Investment Real Estate, the brokerage firm on the deal. ORION’s Nick Miner, represented both the buyer and the seller, OMF Holdings LLC, in the deal. The facility, 90th & Bahia Business Park Condos… Read More →

Arizona Polymer Flooring relocates headquarters

Arizona Polymer Flooring
by in AZRE Magazine | Industrial

Arizona Polymer Flooring (APF), a manufacturer of high-performance flooring products and concrete coating systems, has officially relocated into its newest headquarters in Phoenix. The mixed-use building, located near 43rd Avenue and Buckeye Road (4565 West Watkins Street), will feature an 18,000-square-foot production area, 18,000 square feet set aside for storage and warehouse space, and 14,000 square… Read More →

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 →