PHOENIX AND TUCSON, ARIZ. — One of the nation’s leading real estate investment managers, Philadelphia-based investment firm Equus Capital Partners has acquired a portfolio of 74 industrial properties totaling roughly 7.3 million-square-feet in the Phoenix and Tucson metro areas. The price was approximately $1.1 billion.

The portfolio was acquired in early October 2021 and comprises 342 individual industrial buildings across 74 different developments. Between the two markets, about 85 percent of the portfolio is located in Phoenix, with the remaining 15 percent in Tucson; both metropolitan areas are some of the top growth markets in the country and poised for continued economic expansion.  The properties had a collective occupancy rate of 98 percent at the time of sale.

The tenant roster encompasses 22 different industries, including traditional industrial uses like e-commerce, logistics and manufacturing. In terms of individual footprints, no tenant occupies more than 1.5 percent, or 107,300-square-feet, of the roughly 7.1 million-square-feet of space leased.

Equus acquired the portfolio through sponsored value-added funds and a consortium of strategic co-investment partners that remain unnamed.

Internal agents Kyle Turner, Christopher Locatell, Robert Butchenhart, Laura Brestelli and Peter Russo oversaw the acquisition for Equus Capital Partners. As part of the deal, Equus is onboarding 26 professionals from the undisclosed seller’s property management team to maintain operation of the portfolio.

“Due to the low market-wide industrial vacancy rates and growing demand, the portfolio is poised to be the beneficiary of continued out-performance through a thoughtful and strategic focus on intense, hands-on asset management,” says Turner, partner and director of investments at Equus.

Equus currently owns and operates approximately 25 million-square-feet of industrial space across the United States and owns or controls land capable of supporting another 12 million- square-feet of new industrial development. Equus is focused on expanding this portfolio’s holdings in the industrial asset class and has allocated capital available to continue to increase its presence in the Phoenix and Tucson metro areas.

For additional information, visit the company’s website at www.equuspartners.com

PHOTO:  Chandler Technology Center, one of the properties in Equus Capital Partners’ newly acquired industrial portfolio in Arizona.

PHOENIX, AZ – Berkadia announced today the sale of ±9.868 acres of land situated at NWC Loop 101 & 7^th Avenue in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia Phoenix completed the $9 million sale on behalf of the seller, North Res Holdings LP. The deal closed on September 29.

The Buyer is Aileron Apartments, LLC that plans to build a 287-unit luxury multifamily community on the site.

“This prime site is one of the last remaining fee-owned interchange parcels in the booming North Loop 101 Corridor,” said Forrester. “It benefits from the significant in place and future economic development in the I-17 / Loop 101 / Loop 303 / Deer Valley sector of Metro Phoenix.”

This land sale is the 53^rd multifamily development site the Berkadia Phoenix team has sold.

TEMPE, AZ – Dust off the Dirndls and Lederhosen, the Arizona branch of the ACE Mentor Program of America (ACE) is excited to announce “Pokerfest,” this year’s Octoberfest-inspired Poker Night. ACE’s biggest fundraiser of the year will be held on Thursday, October 21st, with doors opening at 5:30 p.m. and festivities beginning at 7 p.m.

“We are so pleased to be able to gather again this year for Poker Night, which has grown into an event that our industry really supports,” said ACE Board Co-Chair Antonya Williams, Executive Vice President at McCarthy Building Companies. “We appreciate all of those who have gotten behind the ACE program and look forward to seeing everyone at the tables.”

Okland Construction will host the event at its offices located at 1700 N. McClintock Dr. in Tempe. Pokerfest will be a memorable night with industry partners competing in a poker tournament. A craps table will also be available, Braut Haus will offer food and beer, and Oktoberfest-themed attire is highly recommended.

“This event is so important to our organization in helping to fund scholarships for our future industry leaders,” said ACE Board Chair Dan Puente, Founder and CEO of DP Electric. “And, it’s so much fun.”

Prizes will be awarded to the top three finishers in the poker tournament, with $2,000 for the winner, $1,000 for second place, and $500 for third. There will also be a raffle during the event, with the winner receiving Floor Suite tickets to a Phoenix Suns game in November. These tickets include food and drinks.

Registration for the event is $100 for ACE members and $200 for non-members. Sponsorships are still available.

Founded in 1994, the ACE Mentor Program of America is a free, award-winning, after-school program designed to lead high school students into pursuing careers in the Architecture, Construction, and Engineering industries, including skilled trades. ACE programs are delivered by more than 70 affiliates (chapters), operating in 37 states and primarily based in metropolitan areas.

To RSVP, buy tickets, sponsor the event, or for more information, reach out to [email protected] or [email protected] or visit  acementoraz.com.