industrial Archives

What is the 2016 commercial real estate outlook?

Marina heights dusk(c) 2013 DAVIS
by in AZRE Magazine | In The Spotlight

When Luke Skywalker first cast eyes upon the Millennium Falcon, he was less than impressed. To him it was a “piece of junk.” Although perhaps not viewed as trash, the Phoenix economic and commercial outlook has admittedly taken a beating for some time. Much like Han Solo, however, experts see something in the slow, yet… 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 →

Big Deals: Industrial, June 2014 – July 2014

1755-S-75th-Ave-1
by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Valley Of The Submarkets

valley-submarkets
by in AZRE Magazine | Featured

Jeff Hays, senior vice president of sales and leasing at Commercial Properties Inc., is starting his 30th year specializing in the industrial sector and will be the first to tell you that everybody’s busy and no one’s complaining. LGE Design Build has 54 industrial projects either in the ground or in design, says President Dave… Read More →

Colliers reports two industrial transactions in Scottsdale

91st Street

$2.9 Million Sale of 7327 E. Tierra Buena Lane in Scottsdale Colliers International in Greater Phoenix announces the $2.9 million sale of a 21,008-square-foot office/warehouse/flex building at 7327 E. Tierra Buena Lane in Scottsdale. The property was built in 1996. Henry Mohrschladt of Newport Beach, Calif., purchased the property from TR & RT Properties, Inc.… Read More →

Jackie Orcutt named Rising Star

Jackie Orcutt
by in AZRE Magazine | Brokerage | Newsmakers

Jackie Orcutt, Director of Industrial Properties at Cushman & Wakefield of Arizona, Inc., was named 2013 Rising Star at C&W’s Industrial Conference in New Orleans. The award is given annually by Cushman & Wakefield’s Industrial Services Group to the rising star in the business that has raised their production and profile over the past year.… Read More →

Industrial Evolution: West Valley poised for land grab

Dick's Sporting Goods distribution warehouse, Goodyear

Dick’s Sporting Goods built a 720KSF distribution center in Goodyear to service its West Coast stores. A California-based investor erected a 400KSF spec shell in Surprise’s Southwest Railplex business park. Corporate giants, Macy’s, Amazon, Sub-Zero, Marshall’s/TJ Maxx, Southwest Products and WinCo have landed or expanded their vast West Valley industrial operations within the last two… Read More →

CBRE Negotiates $3.6M Sale of Industrial Buildings in Tempe

CBRE Dunn Edwards, Web
by in AZRE Magazine | Brokerage

CBRE has negotiated the sale of 1868 and 1872 E. Broadway Rd. in Tempe. The two industrial buildings, totaling 129,690 SF, commanded a sale price of $3.6M. Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the buyer, Hypertec USA, which is a subsidiary of Saint-Laurent, QC, Canada-based Ciara Technologies in the cash transaction.… Read More →

Big Deals: Industrial, Oct. to Nov. 2013

Morelos Place, Lee and Associates

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

JLL Brokers $26.25M Deal of Industrial Property

7200 West Buckeye Rd, JLL
by in Brokerage | Business News

Phoenix industrial absorption rates may have hiccupped mid year, but investors are not deterred, as illustrated by the sale of 7200 W. Buckeye Rd. in southwest Phoenix. Jones Lang LaSalle’s Capital Markets experts facilitated the sale on behalf of the owner this week. 7200 West Buckeye Road Industrial Investors, LLC purchased the 400,000 SF industrial property… Read More →

Big Deals: Industrial, Aug. to Sept. 2013

Elliot Corporate Center
by in AZRE Magazine | Brokerage

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

CBRE Closes Three Deals in Tucson

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by in Brokerage | In The Spotlight

Industrial: Calvary Christian Fellowship of Tucson has leased 17,100-square-feet of industrial space at North Tucson Business Center 3850 and 3875 N. Business Center Dr. in Tucson. Peter Villaescusa and Jesse Peron of CBRE’s Tucson office represented the tenant in negotiating the lease agreement. The landlord, Wilson Property Services of Phoenix, Ariz., was represented by Rob… Read More →

CPI Sells Two Industrial Properties in Phoenix

3510 E. Atlanta Ave.
by in Industrial

Commercial Properties Incorporated (CPI) proudly announces the sale of two industrial buildings located in Phoenix. Jeff Hays and Chad Neppl of CPI’s Industrial Team with Tom Snider of Cassidy Turley in San Jose represented the seller, Hadco Corporation for 3510 E Atlanta Avenue property. Hadco Corp, is a technology firm owned by San Mina-SCI Corporation… Read More →

Turner Real Estate Breaks Ground on Eight Buildings in Phoenix

C
by in Construction | Industrial

Turner Real Estate Investments of Newport, CA, broke ground this week on eight free-standing, speculative industrial buildings in Phoenix, Arizona. The buildings will be move-in ready with finished office and warehouse space beginning in the first quarter of 2014.  They will range in size from +/-11,000 square feet up to +/-20,000 square feet, and each… Read More →