industrial Archives

BKM Capital Partners acquires industrial asset for $58M

Industrial asset
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, acquired Tempe Commerce Park, a 535,976 square-foot, five-building  property in Tempe in a limited marketing transaction for $58 million. This acquisition, which is BKM Capital Partners’ tenth acquisition in the Phoenix metro area this year, was acquired through… Read More →

CBRE completes sale of Gilbert manufacturing facility

Manufacturing
by in AZRE Magazine | Industrial

CBRE recently completed the sale of a ±124,144-sqare-foot manufacturing facility on 23.23 acres located near the full diamond interchange at US Highway 60 and Stapley Drive. The property is located at 619 N. Cooper Road in Gilbert. Evan Koplan and Mike Parker with CBRE’s Phoenix office negotiated the transaction. The seller was Phoenix-based Schuff Steel Company sold… Read More →

BKM acquires 3-property industrial portfolio in Phoenix

BKM
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio, in an off-market transaction. The three properties are located in Tempe. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost. This portfolio was acquired as… Read More →

Developer announces 222K SF Phoenix industrial project

Phoenix Warehouse
by in AZRE Magazine | Industrial | New to Market

Liberty Property Trust Thursday announced that it will break ground on its first building this spring at Liberty Logistics Center II, a new 73-acre industrial park located at the corner of 71st Avenue and Buckeye Road in Phoenix. The 222,910 square foot distribution facility is the first of the 1.5 million square feet of multi-tenant industrial… Read More →

BKM Acquires four industrial business parks

BKM Capital Partners
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired four industrial business parks encompassing 442,173 square feet in the Phoenix metro area for $34.45 million. BKM recently announced the final close of its debut institutional fund, BKM Industrial Value Fund I L.P., which now has more than $150 million in assets under management. “The ability to source off-market opportunities… Read More →

LGE Design Build finishes Video West HQ

Video West's newest headquarters
by in AZRE Magazine | Industrial | Office

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd St., doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,… Read More →

PICOR announces Tucson leases

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | Industrial | Retail

PICOR, a Cushman & Wakefield member, announced a string of recent leases that have closed in the Tucson area, including industrial and retail leases. R & G Food Services, Inc. leased 7,383 square feet in the Coach Drive Industrial Building at 4560 S. Coach Dr., Suite 100, in Tucson from Coach Holdings, LLC.  Rob Glaser, SIOR,… Read More →

Cushman & Wakefield negotiates sale of 2 industrial buildings

Dexcom
by in AZRE Magazine | Industrial

Cushman & Wakefield announced, Wednesday, that Scottsdale-based 9024 Bahia sold two multi-tenant flex industrial buildings at 9024 and 9048 E. Bahia Dr. in Scottsdale for $3.1 million. The buyer was Devil Digs Properties, LLC, which will operate as Lusso Auto Group. Michael Kitlica with Cushman & Wakefield represented the seller in the transaction, Bahia 9024, LLC. Randy Shell… Read More →

Lee & Associates broker $1.65M warehouse sale

ORION
by in AZRE Magazine | Brokerage | Industrial

A 14,728 square-foot warehouse building at 4200 E. Broadway Rd., Phoenix, sold for $1,651,000 or $112.10 per square-foot, according to Lee & Associates. Lee & Associates Arizona brought both sides of the deal to the table. Matt Hobaica, principal, represented the buyer, KJB Supply Co., while Jeff Conrad and Andy Ogan, principals, represented the seller, John… Read More →

Evans Corporate Park sells for $7.85M

Evans Corporate Park
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services negotiated the $7.85 million sale of the six-building, 71,900 square-foot Evans Corporate Park located on five acres at 8350 E. Evans Rd. in Scottsdale. David Wilson with Daum Phoenix represented the buyer, Greenwood & McKenzie of Tustin, Calif., who specialize in the acquisition, financing, management and sale or exchange of real… Read More →

Report: Phoenix mid-size industrial market on rise

Next Gen Industrial
by in AZRE Magazine | Brokerage | Industrial

Mid-size users are dominating the Phoenix industrial market, and the construction sector has a heavy hand in that success, according to the Phoenix office of JLL. The brokerage firm reports much of the 5.8 million square feet of industrial space absorbed in the Valley in 2015 went to mid-size users – tenants occupying somewhere between 10,000 and 50,000 square feet.… Read More →

CBRE Completes $14M Industrial Sale

CBRE
by in AZRE Magazine | Industrial

CBRE completed the sale of an off-market industrial property located at 4707 E. Baseline Road in Phoenix. The property sold for $14 million. Mike Parker and Evan Koplan with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, Dallas-based Dalfen America Corp. The buyer was Denver-based Industrial Property Trust. “This institutional buyer aggressively pursued… Read More →

Snyder’s-Lance expanding in Phoenix

Dexcom
by in AZRE Magazine | Industrial

Your favorite salty snack firm, Snyder’s-Lance, is expanding its Phoenix footprint with plans to move into ViaWest Group’s Tiger Industrial Center near Van Burnen Street and 51st Avenue. Synder’s-Lance will take up 37,422 square-foot of the 103,064 square-foot two-building facility, which is located one mile south of a full-diamond interchange on the I-10 Freeway. This property was only 16 percent leased… Read More →

Hensley Beverage expanding into new logistics center

Santa Fe Rendering
by in AZRE Magazine | Brokerage | Industrial

Hensley Beverage Company pre-leased 112,669 square-feet of new speculative product at Sante Fe Logistics Center, which is located at 4450 N. 45th Ave. in Phoenix, and will total 367,963 square-feet upon completion. “Warehouse distribution operations have become much more sophisticated in recent years. Users have a need for higher clear heights, larger concrete maneuverability areas, and… Read More →