Atlanta-based Seefried Industrial Properties, in partnership with a real estate fund advised by Crow Holdings Capital, has launched construction on 101 at Van Buren, a two-building, 633,321-square-foot distribution center in Avondale, Ariz. Taking shape on a 39-acre parcel at the intersection of 101st Avenue and Van Buren Street within the Southwest Valley submarket, the … [More]
Interview: Riding Phoenix’s Unparalleled Industrial Wave
“Higher and higher” seems to be Phoenix industrial sector’s motto, as the metro’s pipeline grows with each passing month. According to a recent CommercialEdge report, the Valley had nearly 25.6 million square feet of industrial space underway as of August. Phoenix is also the nation’s absolute champion when it comes to planned and under construction industrial developments, as … [More]
The Howard Hughes Corporation and Jerry Colangelo Announce Launch of 37,000-Acre Master-Planned Community in Phoenix’s West Valley
The Howard Hughes Corporation and Jerry Colangelo today announced the launch of Douglas Ranch, a new large-scale master-planned community (MPC) in Phoenix’s West Valley. Encompassing nearly 37,000 acres in the nation’s fastest-growing metro region, Douglas Ranch is anticipated to become one of the leading MPCs in the country, with 100,000 homes, 300,000 residents and 55 million … [More]
Stewart Title Consolidates Phoenix Presence
Stewart Title has signed a long-term, 33,254-square-foot lease at 3131 Camelback, a two-building office property totaling 295,401 square feet in Phoenix. Starting February 1st, the title insurance company will occupy new office space on the first and second floor of the campus’ 200,000-square-foot building, located at 3131 E. Camelback Road. The deal enables Stewart Title … [More]
Abercrombie & Fitch to Open New West Coast Operations Hub
Abercrombie & Fitch Co. has partnered with GXO Logistics Inc. to establish a distribution center in Goodyear, Ariz. To that end, the companies will lease a 715,000-square-foot, Westcore-owned development, according to the Phoenix Business Journal. Slated to become fully operational in late 2021, the facility will serve as the retailer’s new hub for its West Coast … [More]
Industrial Distribution Center Purchased by New York Investment Firm
KKR, a leading global investment firm, today announced that KKR has acquired an approximately 226,000 square-foot, Class A industrial distribution property in the Papago industrial park, located in the highly infill Southwest Valley submarket of Phoenix, Arizona. The property was built in 2000 and is recently renovated and leased on a long-term basis to a leading industrial … [More]
CRG Launches Major Project in Greater Phoenix
CRG has acquired a 268-acre site in Mesa, Ariz., and plans to develop as much as 4 million square feet of speculative and build-to-suit industrial space. Dubbed The Cubes at Mesa Gateway, the project will be the largest master-planned, development-ready industrial park ever delivered in Phoenix’s Southeast Valley submarket. Situated between East Pecos Road and East Germann … [More]
$25M Land Purchased in Surprise for Tempe-Based Carvana
Tempe-based Carvana purchase 148 acres in Surprise, Arizona for $25 million. The deal was represented by NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen. The land is at the NEC of Litchfield and Cactus roads in the Cactus Commerce Center. It has been owned by the Nitta family for decades, according to LoopNet. Carvana is a leading e-commerce company … [More]
A Future-Forward Phoenix
As architects and designers, we are constantly recalibrating our approach to urban design with the goal of improving the quality of life and human experience. We believe that the future of our cities should combine socio-economic and ecological considerations that drive regeneration and shape communities where people and natural systems can coexist in balance. In a post-COVID … [More]
Phoenix Apartment Construction Leads Nation
According to RENTCafé by Yardi Matrix, apartment construction remains strong this year with more than 330,000 new rental units expected to be delivered nationwide — comparable to the previous four years of construction boom. And, despite challenges brought forth by the pandemic, eight metros are expected to hit five-year highs of new apartments — among them, the Metro Phoenix … [More]
Construction Technology Lowers Concrete’s Carbon Footprint
Sustainability is increasingly a priority for architects, engineers and developers as they urgently seek solutions that reduce embodied carbon in the built environment, which is generated by the manufacturing of building materials and construction. Coreslab Structures, a premier producer of precast/prestressed concrete products, can utilize a carbon dioxide removal … [More]
Developer Enters Phoenix Market with Glendale Industrial Project
Falcon Park 303 Phase I, a speculative industrial product located along the red-hot Loop 303 corridor in Glendale, broke ground last month. This project marks the entry into the Phoenix market of St. Louis, Missouri-based US Capital Development, which has several active projects on the other side of the Mississippi. Falcon Park 303 Phase I sits on 36.75 acres along … [More]
Development Slated on One of Goodyear’s Last Large Industrial Parcels
In a joint venture partnership, LPC Desert West, the Southwest regional office of Lincoln Property Company, and Scottsdale-based Harvard Investments have purchased 585 acres in Metro Phoenix’s West Valley submarket for a major new Class A industrial development called Goodyear AirPark. Situated next to the Phoenix-Goodyear Airport, it is one of the last large … [More]
Chamberlin + Associates Restoring Al Beadle Building for Its HQ
Chamberlin + Associates Real Estate Management has purchased the 21,000-square-foot office building at 500 E. Thomas Road, originally designed by Phoenix modernist master Al Beadle, to serve as its future corporate headquarters as it continues to grow in Arizona and other Southwestern states. Maintaining the original design of Beadle while bringing an open and inviting … [More]
CapRock’s Infill Project Is Phoenix’s Largest Industrial Spec Development
CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., has commenced development of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City of Phoenix. CapRock is transforming one of the largest remaining infill land sites in the Southwest Phoenix submarket into a state-of-the-art, … [More]
Lincoln Property Co. Sells Park303 Phase I for Record-Breaking $186 Million
Within one month of completing the project, leading developer LPC Desert West has sold the fully leased, 1.25-million-square-foot Park303 Phase I in Glendale, Arizona, to BentallGreenOak, a leading global real estate investment management advisor and real estate services provider. At $186 million, the transaction represents the highest single-building industrial sale price in … [More]
Trammell Crow Co. Unveils Plans for Mesa Logistics Park
Trammell Crow Co. has acquired 40 acres of land in Mesa, Ariz., to develop a new logistics park. Dubbed Elliot Gateway, the project will feature four single-story buildings totaling 516,601 square feet of Class A industrial space. Construction is slated to begin in November and will be completed by the fourth quarter of 2022. Building A will offer 151,239 square feet, … [More]
