Quality industrial buildings continue to attract attention amid Covid
By Corina Vanek | Phoenix Business Journal While the pandemic has slowed real estate acquisitions and put some Valley deals on hold, some deals that were in the works before the pandemic have pushed through. Brokers from California-based Daum Commercial Real Estate Services represented three different buyers who recently scooped up smaller industrial developments in […]
Read More →New construction, Amazon highlight industrial market
By Mike Sunnucks | Rose Law Group Reporter The industrial real estate market ended 2019 with a record amount of new space under construction. That is according to fourth-quarter data released by Lee & Associates Commercial Real Estate Services. There are 52 buildings under construction totaling 13.05 million square feet across the Valley, according to […]
Read More →Phoenix Industrial Market Expected to Keep Robust Pace Through 2019
(Editor’s note: News releases are published as submitted unless there are errors of fact.) Construction of New Space Remains Active With Market Vacancy at Just 6.8% Phoenix, October 16, 2019 – The Greater Phoenix industrial market remained strong through third quarter, posting net absorption of approximately 1.23 million square feet. Continued job growth has fueled […]
Read More →Southwest Valley ranks No. 1 in the nation for industrial prospects
AZBigMedia Phoenix’s Southwest Valley submarket has placed top in the nation for industrial prospects looking for space to relocate or expand their operations, according to the newly released JLL Q2 Phoenix Industrial Insights report. According to JLL, this includes 83 tenants in the market with a maximum requirement of more than 30 million square feet. “When you […]
Read More →Phoenix Industrial Market Heated Up Over Second Quarter Net Absorption Spiked and New Construction Accelerated
(Editor’s note: News releases are published as submitted unless there are errors of fact.) Phoenix, July 29, 2019 – The Greater Phoenix industrial real estate market has heated up substantially during second quarter as the city continues to lead the country in population expansion and job growth. Businesses are expanding and relocating to the metro […]
Read More →New 40-acre Phoenix industrial park coming to Avondale
AZBigMedia AZBigMedia The Phoenix office of JLL has completed a 40-acre land purchase that paves the way for 101 Logistics Park, a new two-building, Class A industrial regional distribution center being developed in Avondale, Arizona by Seefried Industrial Properties and Crow Holdings Capital Real Estate. JLL Managing Directors Marc Hertzberg and Anthony Lydon, and Vice […]
Read More →Warehouses to be ‘Landing’ at Ray and Hawes
The Landing 202. Credit: City of Mesa By Tasha Anderson for AZBEX Gilmore Planning & Landscape Architecture, on behalf of property owners Crisko, LLC and Kay L. Toolson, Trustee of the Kay and Judy Toolson Joint Revocable Trust UAD, recently submitted an application to the City of Mesa to rezone approximately 35.9 acres for the development of two industrial warehouse […]
Read More →Investors paying top dollar for Phoenix industrial properties
AZBigMedia The Greater Phoenix industrial market experienced a rise in sales prices as the market cooled in the third quarter. The median price for an industrial building sold in third quarter reached $106 per square foot, up from $97 in second quarter. One of the most noteworthy sales this past quarter was the $98.3 million purchase […]
Read More →New spec industrial bldg. planned in Mesa
By Roland Murphy for Arizona Builder’s Exchange A new, 85KSF speculative industrial building will be going up at Falcon Field in Mesa. According to developer Majestic Realty Co.’s proposal narrative, “The project will be a state of the art, +/-85KSF industrial building located at the NWC of Higley and Ingram. The building will be multi-tenant which will […]
Read More →Metro EV Commerce Ctr. II planned in Mesa
By Adrienne St. Clair for Arizona Builder’s Exchange Puppyfeathers Limited Partnership and Metro Commercial Properties have submitted a project proposal to the City of Mesa to build a new industrial development along the US 60 corridor. The new complex, Metro East Valley Commerce Center II, will include two buildings, totaling 363KSF, to be used for office, warehouse and light industrial […]
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