Cushman & Wakefield of Arizona, Inc. has been awarded the sale of a former electronics manufacturing/warehouse flex building at 615 E. River Dr.
The 193,000 SF property includes 176,000 SFof fully air-conditioned manufacturing and warehouse space and 17,000 SF of office space. It sits on 16.5 acres with direct frontage on the Loop 101 and close proximity to the Scottsdale and Chandler submarkets.
“We are excited to bring the Jabil facility to the market at a time when the technology industry is booming in the Southeast Valley,” said Jackie Orcutt. “We feel the asset is well positioned with exposure along the Loop 101 corridor, heavy parking and ample power for a wide variety of users.”
Orcutt, Chad Littell, John Grady and Chris Toci of Cushman & Wakefield are handling the sale of the property.
“The Jabil facility is entering the market at a critical time when large blocks of space are in limited supply,” said Littell. “A scarcity of existing options for large tenants further elevates the Jabil facility as one of the most attractive opportunities in the Southeast Valley.”
St. Petersburg, Fla.-based Jabil Circuit closed the facility last September. Jabil moved into the building in 2005 when it took over an electronics manufacturing business. The facility was built in 1982 and expanded in 1994 and 1997.