ViaWest Group of Phoenix has purchased three real estate assets in Tempe from Insight Enterprises, Inc. for $26.85 million. The portfolio includes Insight’s corporate headquarters building situated on a 19-acre site at 6280 S. Harl Ave., which ViaWest plans to replace and re-develop the property into a Class A industrial park after Insight relocates at the end of this year. The park will be comprised of two contemporary, tilt-up buildings totaling 358,114 square feet of space, with freeway visibility and featuring 32-foot clear heights and a shared truck court. Each structure will be suitable for multi-tenant leasing divisible to 30,000 square feet, or for a single user. The buildings will be constructed on a speculative basis and are expected to be completed in mid-2022.
ViaWest’s plans for Insight’s property at 910 W. Carver Avenue are to completely reconstruct the building’s interior and re-position it as an air-conditioned industrial building of 100,000 to 110,000 square feet with 32-foot clear height, 6,000 amps of power, a 1.8-acre outside storage area and up to 10.2 per 1,000 parking spaces. Plans for the adjacent property at 8123 S. Hardy Ave. are not final at this time.
“These properties offered us the unique opportunity to re-develop some highly appealing infill locations,” says Steven Schwarz, founding partner of ViaWest Group. “Demand for quality industrial space in this submarket is very high with extremely limited supply available. Tenants from out of state and within our market are desperate for modern, attractive industrial space in strong locations. We plan to provide the premier industrial buildings offered in the City of Tempe.”
The three properties were purchased by a joint venture partnership led by ViaWest Group. Leasing for the Harl Ave. and Carver Ave. projects will be handled by Rob Martensen of Colliers International in Arizona.