Andy Markham Archives

Daum negotiates $5.6M industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

Reywest Commerce Center in West Phoenix sells for $6M

Reywest

Cushman & Wakefield announced the $6 million investment sale of Reywest Commerce Center, a ±85,739 square foot industrial building at 3949 W. Van Buren St. in Phoenix. The buyer was Exeter Exeter Property Group from Plymouth Meeting, PA. Will Strong, Andy Markham, SIOR, Mike Haenel and Phil Haenel of Cushman & Wakefield negotiated the sale… Read More →

Tesla Motors will move into Tempe industrial building

Tesla

A 42,281 SF industrial building at 2077 E. University Dr., in Tempe has sold for $3,600,000 ($85.14 per SF) and will house a service facility for Tesla Motors, the innovative maker of luxury, electric automobiles. This is the second location for a Tesla service center in the Valley. The other is located in the Scottsdale Airpark.… 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 →

Ace Vending purchases $3.6M building in Gilbert

ACE VENDING
by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield has announced that Ace Vending has purchased an industrial building at 335 S. Hamilton Court in Gilbert, AZ, for $3.6 million. Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield represented Ace Vending in the acquisition. Steve Larsen of Jones Lang LaSalle represented the seller, Arizona-based Bell Holdings… Read More →

DTZ completes sale of Tharco Freeport Distribution Center

Tharco

DTZ, a global leader in commercial real estate services, announced that Bixby Land Company purchased Tharco Freeport Distribution Center, 640 S. 51st Ave. in Phoenix’s Southwest submarket. Pacifica Real Estate Group sold the 108,287 square foot institutional quality industrial distribution center for $8.1 million. The building is fully leased to Tharco, one of the largest… 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 →

ViaWest purchases fourth Southwest industrial property

Riverside Industrial

ViaWest Group announced a new addition to its expanding portfolio, with the recent successful acquisition of the 72,129 SF multi-tenant industrial building located at 77 N. 45th Ave. in the heart of southwest Phoenix. Phoenix-based ViaWest Group paid $3.07M on the acquisition. This is the fourth acquisition in ViaWest’s new fund focused on the purchase… Read More →

LNR Partners completes sale of properties at Cotton Center

Cotton Corporate Center I

DTZ announced that LNR Partners, LLC has closed two investment sale transactions involving a total of ±264,000 square feet of office and flex office space within the prestigious Cotton Center business park. The purchaser was a joint venture formed by True North Management Group (White Plains, NY) and Crown West Realty, LLC (a Phoenix-based subsidiary of… Read More →

Native Grill & Wings leases test kitchen space in Chandler

Native Grill & Wings, Gavelston Tech

The ViaWest Group announced today that Native Grill & Wings has signed a 10-year lease for approximately 5,825 SF of office/test kitchen space in the 6825 W. Galveston street building in Chandler. The project, referred to as Galveston Tech, is comprised of one Class-A flex-office building totaling 74,525 SF and with this transaction and other… Read More →

Zounds takes 11,639 SF of flex office space

DSCN0164
by in AZRE Magazine | Featured

The ViaWest Group announced today that Zounds has signed a lease for approximately 11,639 SF of office/engineering space in the 6825 W. Galveston street building in Chandler. The project, referred to as Galveston Tech Center, is comprised of one Class-A flex-office building totaling 74,525 SF and with the Zounds transaction and other recent activity the property is now… Read More →

Ryan West Business Park sells for $14.59M

8313 Latham, WEB

Cassidy Turley announced today that a subsidiary of Cohen Asset Management purchased Ryan West Business Park, a ±242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14,591,460 from EG Properties, LLC. Ryan Companies US, Inc’s (Ryan) Real Estate Management group was the asset manager for the seller and will continue to serve… Read More →

Cohen purchases industrial portfolio for $29M

3701 E  University Drive
by in AZRE Magazine | Brokerage | Featured

Cassidy Turley announced today that Cohen Asset Management purchased a three-property, high-tech industrial portfolio in Phoenix for $29 million from Alliance Commercial Partners (ACP). Will Strong, Mike Haenel and Andy Markham, SIOR of Cassidy Turley procured the investment sale transaction, bringing the buyer, Cohen, and the seller, ACP together. The portfolio includes three 100% NNN… Read More →

Pet Club Leases 45,228 SF at Carver Distribution Center in Tempe

CarverDistribution, WEB
by in AZRE Magazine | Brokerage

Cassidy Turley announced that it completed a lease of 45,228 SF for Mesa, Ariz.-based Pet Club at Carver Distribution Center, 860 W. Carver Rd. in Tempe, Ariz. Executive Managing Directors Michael Haenel and Andy Markham with Vice President Will Strong of Cassidy Turley’s Industrial Group represented both the landlord, Des Moines, IA-based Principal Life Insurance… Read More →