Tag Archives: payson macwilliam

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