{"id":1004050451,"date":"2012-11-13T13:37:35","date_gmt":"2012-11-13T21:37:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=79353"},"modified":"2022-12-02T13:12:49","modified_gmt":"2022-12-02T21:12:49","slug":"intravest-takes-n-phoenix-flex-building-for-19m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/","title":{"rendered":"Intravest Takes N. Phoenix Flex Building for $19M"},"content":{"rendered":"<p>By Camelia Bulea, Associate Editor<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/climatec-gallery1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-79355\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/climatec-gallery1.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a><\/p>\n<p>Intravest Development L.LC. has purchased a 145,000-square-foot flex industrial building in North Phoenix. This $19.06 million acquisition marks the first commercial asset in the investor\u2019s portfolio, <em>the Phoenix Business Journal <\/em>reported.<\/p>\n<p>\u201cThis is the first in the line of several transactions Intravest Development plans to complete in the commercial real estate sector over the next 18 months,\u201d commented Thomas M. Roskos, Intravest\u2019s CEO. Robert Lundstedt of Daum Commercial represented Intravest in the transaction. Johnson Bank provided financing for the buyer.<\/p>\n<p>Prior to its latest acquisition, Intravest had focused on multi-family properties in Greater Phoenix, the <em>Business Journal <\/em>noted<em>. <\/em><\/p>\n<p>Located west of I-17 and north of Greenway Road, the\u00a0building serves as the headquarters of\u00a0Climatec, a building technology company, under a 10-year, triple-net lease. \u00a0Before Climatec\u00a0moved in five years ago, the building was\u00a0occupied by Hypercom Corp., the\u00a0\u00a0<em>Business Journal <\/em>reported. The property earned an Energy Star rating in 2011.<\/p>\n<p>Intravest wants to capitalize on the positive momentum in the Greater Phoenix commercial market, the firm&#8217;s principals explained in a statement. The vacancy rate for the metropolitan Phoenix industrial market dropped to 11.1 percent during the third quarter, marking the 10<sup>th<\/sup> consecutive quarter of positive absorption, CBRE Inc. reports. \u00a0Twenty-two of its 28 submarkets registered absorption on the plus side. So far this year, the market has absorbed 6.1 million square feet (see chart below).<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/phoenind.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-79357\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/phoenind.jpg\" alt=\"\" width=\"492\" height=\"446\" \/><\/a><\/p>\n<p><em>Photo courtesy of Climatec<\/em><\/p>\n<p><em>Chart courtesy of CBRE Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intravest Development L.LC. has purchased a 145,000-square-foot flex industrial building in North Phoenix. This $19.06 million acquisition marks the first commercial asset in the investor&rsquo;s portfolio, the Phoenix Business Journal reported. Robert Lundstedt of Daum Commercial represented Intravest in the transaction. Johnson Bank provided financing for the buyer.<\/p>\n","protected":false},"author":271,"featured_media":1004506506,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004050451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Intravest Takes N. Phoenix Flex Building for $19M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intravest Takes N. Phoenix Flex Building for $19M\" \/>\n<meta property=\"og:description\" content=\"Intravest Development L.LC. has purchased a 145,000-square-foot flex industrial building in North Phoenix. This $19.06 million acquisition marks the first commercial asset in the investor&rsquo;s portfolio, the Phoenix Business Journal reported. Robert Lundstedt of Daum Commercial represented Intravest in the transaction. Johnson Bank provided financing for the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-13T21:37:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T21:12:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Camelia Bulea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/\"},\"author\":{\"name\":\"Camelia Bulea\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/71754b36bc1882cf2fc692fe215d26c7\"},\"headline\":\"Intravest Takes N. Phoenix Flex Building for $19M\",\"datePublished\":\"2012-11-13T21:37:35+00:00\",\"dateModified\":\"2022-12-02T21:12:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/climatec-gallery1.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/\",\"name\":\"Intravest Takes N. Phoenix Flex Building for $19M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/climatec-gallery1.jpg\",\"datePublished\":\"2012-11-13T21:37:35+00:00\",\"dateModified\":\"2022-12-02T21:12:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/71754b36bc1882cf2fc692fe215d26c7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/climatec-gallery1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/climatec-gallery1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/intravest-takes-n-phoenix-flex-building-for-19m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Intravest Takes N. Phoenix Flex Building for $19M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/71754b36bc1882cf2fc692fe215d26c7\",\"name\":\"Camelia Bulea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g\",\"caption\":\"Camelia Bulea\"},\"description\":\"Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/camelia\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Intravest Takes N. Phoenix Flex Building for $19M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/","og_locale":"en_US","og_type":"article","og_title":"Intravest Takes N. Phoenix Flex Building for $19M","og_description":"Intravest Development L.LC. has purchased a 145,000-square-foot flex industrial building in North Phoenix. This $19.06 million acquisition marks the first commercial asset in the investor&rsquo;s portfolio, the Phoenix Business Journal reported. Robert Lundstedt of Daum Commercial represented Intravest in the transaction. Johnson Bank provided financing for the buyer.","og_url":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-11-13T21:37:35+00:00","article_modified_time":"2022-12-02T21:12:49+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Camelia Bulea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/"},"author":{"name":"Camelia Bulea","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/71754b36bc1882cf2fc692fe215d26c7"},"headline":"Intravest Takes N. Phoenix Flex Building for $19M","datePublished":"2012-11-13T21:37:35+00:00","dateModified":"2022-12-02T21:12:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/"},"wordCount":246,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg","articleSection":["News","Phoenix"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/","url":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/","name":"Intravest Takes N. Phoenix Flex Building for $19M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg","datePublished":"2012-11-13T21:37:35+00:00","dateModified":"2022-12-02T21:12:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/71754b36bc1882cf2fc692fe215d26c7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/intravest-takes-n-phoenix-flex-building-for-19m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Intravest Takes N. Phoenix Flex Building for $19M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/71754b36bc1882cf2fc692fe215d26c7","name":"Camelia Bulea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/37ba7c8e68b0532d575f0e300f2de4c41c535d314eb6a8915c8d3d0743ce64e9?s=96&d=mm&r=g","caption":"Camelia Bulea"},"description":"Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.","url":"https:\/\/www.commercialsearch.com\/news\/author\/camelia\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/climatec-gallery1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004050451"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050451\/revisions"}],"predecessor-version":[{"id":1004627218,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050451\/revisions\/1004627218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506506"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004050451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004050451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004050451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}