Top Commercial Deals this Week: From Apartments to Warehouses




96,000 SF Chandler Manufacturing Facility Closes for $5.88 Million

6615 W Boston
6615 W Boston St., Chandler, AZ

CHANDLER, AZ – A 96,000-square-feet manufacturing building at 6615 W. Boston St. in Chandler sold for $5,875,000 ($61.20 PSF).

Lee & Associates Principal Matt McDougall represented the buyer, Evergreen Industrial Properties, LLC of Oakland, CA. The seller was Schneider-Chandler, LLC of Phoenix and was represented by Jones Lang LaSalle.

The 1978-built building on 5.24 acres and has I-2 zoning. The building features 8 exterior dock high doors, 1 drive-in door and 6,000 amps of power.

The buyer plans on repositioning the building with a new spec office, lights in the warehouse and additional loading doors. The building will be offered for lease and will be divisible down to 48,000-square-feet.

The property enjoys excellent freeway access at the nexus of the I-10 Maricopa and the Loop 202 San Tan freeways with direct access to the East Valley, Tempe and Phoenix.

Evergreen Industrial Properties (“Evergreen”) is an industrial real estate company formed by TPG Real Estate to acquire, own and manage light industrial assets throughout the United States. TPG Real Estate is the real estate platform of TPG, the global private investment firm.

To learn more McDougall can be reached at 602.474.9561




Cassidy Turley: Construction, Manufacturing & E-Commerce

cassidy TurleyCassidy Turley has released three national perspectives on Construction, Manufacturing and E-Commerce.

Construction – A Look at Trends

In the past two months much economic data has been on an uptick, tempering concerns that economic growth has stalled. Most economists agree that a strong year lies ahead. Cassidy Turley’s forecast is for real GDP to grow by 3% in 2014.

See the full report here Click Here.

Manufacturing – The Age of Innovation

“Made in the USA” is much more than a slogan. It speaks to the importance of manufacturing as an economic engine and, as such, an essential driver of commercial real estate demand. The impact of manufacturing on the economy, as well as the property markets, is immense. This critical sector supports an estimated 17.2 million jobs in the United States with 9% of the total workforce employed directly in these industrial enterprises.

See the full report Click Here.

The E-Commerce Crunch

Demand for distribution space to serve the needs of e-commerce, retailers and third-party logistics players is exploding now and will remain for the foreseeable future the single largest driving force behind industrial growth in the U. S. The industrial marketplace is simply on fire. While the nation’s office market is solidly in recovery mode and the retail and shopping center sectors are showing general signs of improvements, no other commercial real estate property type has come close to industrial in terms of overall occupancy growth over the past couple of years. And these totals are overwhelmingly being driven by e-commerce.

See full report Click Here.