Tag Archives: warehouse

Hartford Place, WEB

Hartford Place in Scottsdale sells for $7M

Cassidy Turley announced the $7 million ($104.79/psf) sale of Hartford Place located at 8388 E. Hartford Drive in Scottsdale, Ariz. Locally based Hartford Exchange, LLC and Reems & Greenway LLC purchased the ±66,800 square foot property from Newport Beach, CA-based Buchanan Street Partners (Newport Beach, CA).

Cassidy Turley Executive Managing Director Eric Wichterman and Senior Vice Presidents Mike Coover and Michael Kitlica represented the seller.

Hartford Place is a flex office/warehouse property located in the Perimeter Center Business Park, north of the Loop 101 and Frank Lloyd Wright Boulevard. Built in 2000, the building can efficiently accommodate single- or multi-tenant occupancy. At the time of sale, the property included approximately 19% office space with the remainder warehouse. The new owners are renovating the property for office use and have announced that 50% of the building will be occupied by HomeSmart.

965 N Acacia Drive, WEB

Fiesta Ranch warehouse sells in Gilbert

Andy Jaffe, CPI

Andy Jaffe, CPI

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 10,366 SF industrial warehouse located in Fiesta Ranch Commerce Park at 965 North Acacia Drive in Gilbert, Ariz. Andy Jaffe, SIOR of CPI’s Tempe Industrial Group represented the buyer, D&F Properties, LLC in this transaction.

Andy Jaffe, SIOR commented, “The property was originally only listed for lease and my client made an offer to purchase the property.  Kent Hanson represented the Lorenzo M Contreras Family Trust, who ultimately accepted the offer and the deal closed in under 30 days from fully executed contracts.”

965 N. Acacia Dr. is a freestanding warehouse building previously owned by the Lorenzo M Contreras Family Trust, and is located just north of Guadalupe Road and east of McQueen Road in Gilbert.  The reinforced concrete industrial warehouse was built in 2003 and is located in close proximity to major freeways and has excellent parking.

Jaffe, added, “D&F Properties, LLC is the new owner/operator, which will be setting up a manufacturing and distribution center for a company that they own, to expand here in Gilbert.  D&F Properties, LLC is based out of San Jose, California.”

The sale was valued at $960,000.


Amazon looks to fill jobs in Arizona

Amazon.com Inc. is looking to fill 7,000 jobs in 13 states.

The company says it will add 5,000 full-time jobs at its U.S. distribution centers, which currently employ about 20,000 workers who pack and ship customer orders.

The world’s largest online retailer has been spending heavily on order fulfillment, a strategy meant to help the business grow, but one that has also weighed on profits. Amazon said last week it lost money in the second quarter even as revenue increased.

Warehouse jobs are available in Arizona, Delaware, California, Indiana, Kentucky, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.

The company is also adding 2,000 customer service jobs, including full-time, part-time and seasonal, in Kentucky, North Dakota, Washington and West Virginia. Work from home positions are available in Oregon, Washington and Arizona.