Phoenix industrial market

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Improved Market Fundamentals Have Phoenix Industrial Developers Taking Action

PHOENIX, AZ – Strong employment growth, a recovering housing market and improved market fundamentals have the Phoenix Industrial Market well-positioned for sustained growth in the coming year. Healthy leasing activity is expected to continue, creating positive absorption this year. Vacancies levels will remain steady as much of the large vacancy remains in larger properties, which […]

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Road Machinery Purchases 113,827 SF East Phoenix Warehouse for $9.2 Million

PHOENIX, AZ – A Phoenix-based company, Road Machinery bought a 113,827-square-foot industrial warehouse facility at 317 S. 48th St. in Phoenix for $9,200,000 ($80.82 PSF). The transaction closed on Aug. 22. Lee & Associates Principal Ken McQueen represented the buyer, Road Machinery, LLC. The seller was Verde Investments, Inc. of Phoenix. The building, which sits

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