Tag Archives: Don MacWilliam

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Tuesday Morning Corp. signs 593KSF spec lease

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 users looking to expand in or relocate to Phoenix.

“The Southwest Phoenix Industrial submarket has been poised for rapid growth and we are delighted that Tuesday Moring has chosen Phoenix, and its quality of life amenities, over other cities that were in play for the company’s new West Coast distribution center,” said John DiVall, senior vice president at Liberty Property Trust. “Liberty Logistics Center I exceeds the logistics industry’s demands for today’s multi-channel fulfillment needs. It is a one-of-a kind facility.”

Liberty Logistics Center I is a state of the art LEED® facility that features cross-dock loading, 32’ clear heights, a fully gated concrete truck court, seven points of ingress and egress, R-19 insulation and skylights on 2-percent of the roof.

“We are excited to be opening our new Phoenix facility which will serve our stores in the Western United States. This is an important step in the building of our overall supply chain strategy which will ultimately involve a new facility serving the East Coast and a replacement of our current Dallas distribution center with a new state of the art center,” said Douglas B. Sullivan, senior vice president of real estate for Tuesday Morning Corporation.

With its efficient highway system, ample labor pool and proximity to California, demand for industrial space in Greater Phoenix continues to exceed available product on the market.

“After exploring numerous markets in the Western U.S., Tuesday Morning ultimately selected Phoenix as a result of a vast workforce and strong talent base in Greater Phoenix,” said Chris Camacho, president and CEO of the Greater Phoenix Economic Council. “The new logistics center in Phoenix will provide hundreds of new jobs for the region and added connectivity to a large customer base. We’re excited to welcome them to Greater Phoenix.”

Don MacWilliam, Payson MacWilliam and Tom Woods of Colliers International represented Tuesday Morning and Marc Hertzberg and Tony Lydon of JLL represented Liberty in the transaction. Megan Creecy-Herman managed the transaction for Liberty.

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Colliers announces first quarter broker promotions

Colliers International in Greater Phoenix recently promoted 10 brokers, including one to senior executive vice president and three to executive vice president. Each year, Colliers promotes brokers in the first quarter.

“The promotions recognize the dedication, talent and expertise of our brokers who know how to maximize opportunities for our clients,” said Bob Mulhern, managing director of Colliers Phoenix office. “The number of promotions points to the accelerating success of Colliers in the Phoenix marketplace. We’ve recruited 23 new brokers and more than doubled our production in the past five years,” he added.

William S. Littleton SIOR, MCR, SLCR was promoted from executive vice president to senior executive vice president of corporate services. Littleton has almost 30 years of experience with Colliers. This position is awarded for high business production, significant industry experience and expertise and local office leadership. Littleton has leased and sold in excess of $500 million of industrial and office properties throughout North America, EMEA (Europe, Middle East and Africa) and Asia/Pacific.

Bill Hahn, Jeff Sherman and Trevor Koskovich of the HSK Multifamily Team were promoted to executive vice president from senior vice president. This team’s success in Arizona led it to branch out to other states, where it is actively disposing of assets in Las Vegas; El Paso, Texas; and Albuquerque, N.M.

Promoted from vice president to senior vice president were Brad Cooke and Rob Martensen, SIOR, CCIM. Cooke joined Colliers in 2006 and is part of the Colliers Cooke Team, where his primary role is client relationships in acquisitions and dispositions in the multifamily investments sector.

Martensen, during his 18 years with Colliers, has been involved in more than 700 transactions involving industrial sales, leasing, build-to-suits and land sales. He specializes in assisting industrial landlords, developers and tenants, helping them make successful decisions in the Phoenix market by providing a deep knowledge of current industrial trends and product types.

Associate vice presidents who are now vice presidents are Marcus Muirhead and Ryan Timpani. Muirhead joined Colliers in 2006. A member of the Colliers Healthcare Services Group, he specializes in medical office and retail investment properties. Timpani is a member of the Lambeth-Noel-Timpani team—one of the top producing office properties teams in Metro Phoenix. He joined Colliers in 2010.

Former senior associates Danny Plapp and Peter Bauman were named associate vice presidents. Plapp specializes in landlord advisory services in Class A and B office properties throughout metropolitan Phoenix. He joined Colliers in 2012.

In addition to becoming associate vice president, Bauman was named Rookie of the Year for Colliers International in Greater Phoenix. This honor is given to a broker with one to two years’ experience who has met the Colliers’ Phoenix office standards for a productive year. His focus is investment sales, especially national net leased assets.

Colliers top producers in 2014 were Cindy Cooke, Brad Cooke, Trevor Koskovich and Jeff Sherman, Todd Noel and Keith Lambeth, William S. Littleton, William R. Hahn, Paul Sieczkowski, Rob Martensen, Kim Soule’, Philip A. Wurth, Don MacWilliam and Payson MacWilliam, Mindy Korth, John Barnes, Tivon Moffitt and Jim Keeley. 

Recognized for 30 years of service was Tom Knaub, vice president. Acknowledged for 10 years of service was Jerry Tenge, senior vice president.

Seven brokers have five years of tenure: Bob Broyles, senior vice president; Tim Dulany, vice president; Hahn, Koskovich and Sherman, all new executive vice presidents; Tyler Smith, vice president and Phil Wurth, vice president. Administrative assistant Bertie Burckle was recognized for 20 years of service.

In the Real Estate Management (REMS) division of Colliers International, Jonni McCray was promoted to operations coordinator from administrative assistant.

Three REMS employees were recognized for 10 years of service: Eulalio M. Castaneda and Larry Dillion, both at ASU Brickyard and Tammy Forbis, assistant property manager.

Those with five years of tenure included Amanda Joiner, senior service center coordinator and

McCray. Also with five years are Steve Skibbe, building engineer; Robert Verdugo, maintenance technician; and Brian Wedgeworth, assistant chief building engineer; all at the ASU Downtown Campus.

5555 W. Lower Buckeye Rd.

Prologis sells Phoenix warehouse for $24.25M

Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million, or $49.87 per square foot.

Exeter Property Group, headquartered in suburban Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT.

Executive Vice Presidents Don MacWilliam and Payson MacWilliam with Colliers International represented the buyer and seller.

Exeter Property Group and Prologis are real estate investment organizations for which one shared area of specialization is the acquisition, development, leasing and management of industrial properties.

Prologis built the cross-dock distribution warehouse in 2013. The building sits on a 27.73-acre lot in Park Riverside 2, part of a 150-acre industrial park setting in a designated Foreign Trade Zone magnet site.

The LEED-certified building has a 1,893-square-foot office, 118 dock-high doors, and four drive-in doors. The warehouse is in the favorable Riverside Tax District and has quick access to the I-10 and future Loop 202. Corporate neighbors include Amazon, Home Depot, Frito Lay, Federal Express, Kraft, DHL and Marshalls.

“This is the largest industrial building Prologis has constructed in Phoenix and the property is ideal for distribution-oriented tenants,” said Don MacWilliam, adding that Exeter will lease the warehouse and the MacWilliam brothers will retain the leasing assignment.

Exeter has acquired other properties in southwest Phoenix, including another warehouse from Prologis, at 2225 S. 43rd Ave., purchased in early 2014.

“This was an excellent opportunity for Exeter to establish a larger presence in the Phoenix market with a quality distribution facility,” said Don MacWilliam, noting, “The timing and price was also right for Prologis to complete the transaction with Exeter.

Partsmaster photo, Colliers, WEB

AZ Partsmaster sells, buys two buildings in Phoniex Metro

Colliers International in Greater Phoenix recently completed two building sales with a combined total of $6.73 million for AZ Partsmaster, a supplier of home and property maintenance supplies.

AZ Partsmaster of Phoenix purchased a design build facility at 7125 W. Sherman St. in Phoenix for $4.9 million from Sun State Builders of Tempe. This transaction was brokered by Payson MacWilliam and Don MacWilliam, both executive vice presidents for Colliers International.

“With the economy rebounding, Partsmaster committed to the project and doubled the size of its operation,” said Payson MacWilliam.

The 73,536-square-foot build-to-suit, on 4.2 acres, is three miles west of Partsmaster’s previous location.

The MacWilliam brothers also assisted JJSM Real Estate Fund LLC of Scottsdale in purchasing the former Partsmaster property, located at 15 North 57th Drive in Phoenix, for $1.83 million from JD Partsmaster LLC of Phoenix.

The 34,567-square-foot industrial building is situated on 1.83 acres of land, south of Van Buren between 59th Avenue and 57th Drive. The buyer will use the property for manufacturing.

AZ Partsmaster is a full line maintenance supplier of HVAC, appliances and repair parts, electrical and lighting supplies, general maintenance supplies, and garden, plumbing and pool supplies. The company services industry professional and individuals.

Left to right, from top: Cindy Cooke, Bill Hahn, Trevor Koskovich, Keith Lambeth, Bill Littleton, Don Macwilliam, Payson Macwilliam, Todd Noel, Jeff Sherman.

Phoenix Brokers Are Among Top at Colliers International

Colliers International in Greater Phoenix’s national office recently honored brokers for their financial achievements, ranking nine of them in the top 10 percent of brokers in the United States, Canada and Latin America.  

The brokers were recently recognized as 2013 Everest Club qualifiers at a reception in Atlanta during the Colliers International 2013 Americas Conference.

“The foundation of our success is the strength, expertise and depth of our staff,” said Bob Mulhern, the managing director of Colliers International in Greater Phoenix. “We are very proud of our top brokers who provide outstanding service to help our clients accelerate their businesses.”

 

2013 Everest Club honorees:

·       Cindy Cooke, Executive Vice President

·       Bill Hahn, Senior Vice President

·       Trevor Koskovich, Vice President

·       Keith Lambeth, Senior Vice President

·       Bill Littleton, Senior Vice President

·       Don MacWilliam, Senior Vice President

·       Payson MacWilliam, Senior Vice President

·       Todd Noel, Senior Vice President

·       Jeff Sherman, Vice President

Prologis Riverside Park

Prologis Begins Development On 486,200 SF Spec Warehouse In Phoenix

Prologis, a global owner, operator and developer of industrial real estate, today announced that it has begun construction on a 486,241 SF cross-dock facility in Prologis Park Riverside with a target completion date of April 2013.

The building – situated on a 27-acre parcel – represents the first speculative development in Phoenix since 2008.

It is part of a larger 153-acre master planned industrial park where Prologis sold 100 acres to a Fortune 500 retailer that plans to build a 1.2 MSF distribution and fulfillment warehouse on the site.

Prologis is pursuing magnet foreign-trade zone (FTZ) designation for the Park and in support of this has entered into a development agreement with the City of Phoenix.

Customers qualifying for FTZ status enjoy several benefits including duty deferral, reduced customs reporting requirements, and a 75 percent reduction in real property tax and on qualifying personal property and equipment.

Prologis has selected Don MacWilliam at Colliers International in Phoenix as its listing broker.