November 18, 2013

Amanda Ventura

Big Deals: Industrial, Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

 

SALES

Elliot Corporate Center
Elliot Corporate Center

1. Elliot Corporate Center I
Tempe
223,392 SF; $23,500,000
Buyer: Everest Holdings, LLC
Listing Broker: Jim Fijan and Will Mast, CBRE

2. Cotton Center Bldg. 2 (Phase I)
Phoenix
99,734 SF; $18,880,000
Buyer: Cole Corporate Income Trust, Inc.
Seller: LBA Realty

3. Rio Salado Corporate Center
Tempe
82,257 SF; $14,402,000
Buyer: Cole Corporate Income Trust, Inc.
Seller: LBA Realty

4. Opus Commons
Tempe
125,720 SF; $10,062,170
Buyer: Cal-Int Foods, Inc.
Seller: Valley Citrus Packing, Co.
Listing Broker: Steve Grossoehme, Rein & Grossoehme

5. Broadway Industrial Park
Tempe
101,601 SF; $9,077,000
Buyer: DCT Industrial Trust
Seller: Prologis
Listing Broker: Mark Detmer and Bo Mills, Jones Lang LaSalle

 

LEASES

1. Papago Distribution Center, Phoenix

Papago Distribution Center
Papago Distribution Center

221,116 SF
Landlord: Prologis  Tenant: Marathon Equipment
Landlord Brokers: Anthony Lydon and Marc Hertzberg, Jones Lang LaSalle Tenant Brokers: Don MacWilliam and Payson MacWilliam, Colliers International

2. Fairmont Commerce Center, Tempe
83,280 SF
Landlord: Walton Street Capital Tentant: MXD Group
Landlord Brokers: Steve Larsen, Steve Sayre and Bill Honsaker, Jones Lang LaSalle Tenant Brokers: Steve McKendry, Kris Jenkins and Trevor McKendry, DAUM Commercial Real Estate

3. Carver Distribution Center, Tempe
74,102 SF
Landlord: Principal Financial Group Tenant: Haas
Landlord Brokers: Michael Haenel and Andy Markham, Cassidy Turley Tenant Broker: Paul Sieczkowski, Colliers International

4. Broadway Industrial Park, Tempe
72,714 SF
Landlord: RREEF Tenant: SOLLiD Cabinetry
Landlord Broker: Rob Martensen, Colliers International
Tenant Broker: Dan Casey, Rein & Grossoehme

5. 501 N. 51st Avenue, Glendale
72,437 SF
Landlord: Harrison Properties Tenant: Hensley
Landlord Brokers: Jeff Dalton, James Harrison and Natalie Dalton, Harrison Properties Tenant Broker: Bruce Calfee, Cassidy Turley