Warner Business Center, Tempe

April 27, 2014


Big Deals: Industrial, Dec. 2013 to Jan. 2014

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.

Top 5 Notable Leases and Sales (December 1, 2013 to January 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Industrial Sales

1. Warner Business Center, Tempe
319,389 SF; $40M
Buyer: Voit Real Estate Services
Seller: ViaWest Group
Listing Brokers: Tom Richards, Voit

2. 7200 W. Buckeye Rd., Phoenix
400KSF; $26.25M
Buyer: UBS Realty Investors, LLC
Seller: Sealy & Company
Listing Brokerage: Jones Lang LaSalle

3. Tempe Commerce Center, Tempe
177,848 SF; $11.8M
Buyer: Presson Corporation
Seller: Kieckhefer Company
Listing Brokerage: Cassidy Turley

4. San Tan Tech Center, Tempe
129,187 SF; $9.6M
Buyer: ViaWest Properties LLC
Seller: Capital Commercial Investments, Inc.
Listing Brokerage: CBRE

5. T-Mobile Building
44,244 SF; $8.5M
Buyer: El Dorado Holdings, Inc.
Seller: Bixby Land Company
Listing Brokerage: CBRE

Industrial Leases

1. 1150 N. Fiesta Blvd., Gilbert
83,825 SF
Landlord: LBA Realty
Tentant: Curtiss Wright
Landlord Broker: Mark Krison, CBRE
Tenant Brokerage: Mohr Partners

2. 4025 S. 32nd St., Phoenix
80K SF
Landlord: Douglas Allred Company
Tentant: Asurion Corporation
Landlord Brokerage: Cushman & Wakefield
Tenant Brokerage: CBRE

3. 5107 N. 51st Ave., Glendale
40,106 SF
Landlord: Harrison Properties
Tentant: Avanti Industries
Landlord Brokerage: Harrison Properties
Tenant Brokerage: Cassidy Turley

4. Glen Harbor Business Park, Glendale
40,081 SF
Landlord: Jack Berg Family LP
Tentant: Ettico Construction
Landlord Brokerage: Lee & Associates
Tenant Brokerage: Lee & Associates

5. Avondale Commerce Center – Phase I, Avondale
39,399 SF
Landlord: CapitalSource Bank
Tentant: Amware
Landlord Brokerage: Cassidy Turley
Tenant Brokerage: Sperry Van Ness

1150 N. Fiesta Blvd., Gilbert
1150 N. Fiesta Blvd., Gilbert