On July 1, NAIOP announced a new name for the organization: the Commercial Real Estate Development Association, or CREDA. According to CREDA, the new branding better communicates the broad scope of commercial real estate work members engage in, such as multifamily housing, retail destinations, logistics and fulfillment facilities, offices, mixed-use developments, data centers and more. To celebrate this new era for the association and honor its past achievements, here is one of the winners of 2026’s Best of NAIOP Awards.
Cushman & Wakefield Industrial Brokerage Team
Mike Haenel, executive vice chair // Phil Haenel, executive vice chair // Andy Markham, executive vice chair
2025: Total transactions: 69 | Total space: 6.5 million square feet | Total value: $680,920,368.50
Background: With more than 75 years of combined experience in Arizona commercial real estate, Cushman & Wakefield’s Industrial Brokerage Team has been a top-producing industrial team in the Phoenix office and nationally for over two decades. Together, they specialize in representing and consulting owners, developers and corporate tenants who lease, acquire, develop and dispose of industrial real estate property and land throughout the state.
Big Deals
Commerce 303
Developer: SteelWave (Phase I) | EQT Real Estate (Phase II)
Size: 663,367 square feet (Phase I) | 497,234 square feet (Phase II)
City: Glendale
Details: The team first represented the landowner in the sale of the site to a developer, positioning the property for a Class A industrial facility in Glendale along the growing Loop 303 corridor. They later secured a joint venture equity partner, enabling construction. Leveraging an existing tenant relationship, the team secured Verst Logistics for the remaining 331,683 square feet, bringing the project to full occupancy and stabilizing the asset. Following stabilization, they advised ownership on disposition and sold the fully leased 663,000-square-foot property for approximately $104.5 million to EQT Real Estate. The transaction also included a 32.6-acre adjacent site capable of supporting an additional 497,000-square-foot industrial building.
I-10 Gateway
Developer: BET Investments
Owner: EQT Real Estate
Size: 641,906 square feet | 2.2 million square feet at buildout
City: Buckeye
Details: The team played a key role in securing one of the largest industrial leases completed in 2025 at I-10 Gateway. Before construction started, they began marketing the site and building. After completion, the team assisted in the $60.1 million sale of the fully vacant property to EQT Real Estate in 2024. Maintaining the leasing assignment through the ownership transition, the team secured a full-building lease with Kenco, bringing the project to full occupancy.