{"id":1004184389,"date":"2017-07-19T07:32:22","date_gmt":"2017-07-19T15:32:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184389"},"modified":"2022-12-08T14:48:34","modified_gmt":"2022-12-08T22:48:34","slug":"jll-arranges-39m-sale-of-phoenix-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/","title":{"rendered":"JLL Arranges $39M Sale of Phoenix Industrial Portfolio"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004184397\" style=\"width: 284px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/I-10-Industrial-Portfolio.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004184397\" data-attachment-id=\"1004184397\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/i-10-industrial-portfolio-800x620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/I-10-Industrial-Portfolio-800x620.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 60D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1488112371&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.0003125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"I-10 Industrial Portfolio 800&#215;620\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/I-10-Industrial-Portfolio-800x620.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004184397\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/I-10-Industrial-Portfolio.jpg\" alt=\"I-10 Industrial Portfolio \" width=\"274\" height=\"213\" \/><\/a><p id=\"caption-attachment-1004184397\" class=\"wp-caption-text\">I-10 Industrial Portfolio<\/p><\/div>\n<p>JLL\u2019s Capital Markets has brokered the sale of the I-10 <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-brokers-18m-sale-of-phoenix-industrial-asset\/\">Distribution Portfolio in Phoenix<\/a>. Colony Northstar paid DCT Industrial $39 million for the portfolio, which encompasses two institutional grade warehouses totaling 558,465 square feet.<\/p>\n<h2>Flexible Industrial Space<\/h2>\n<p>Located at the nexus of 101 N. 103rd Ave. and 101 N. 104th Ave., the assets comprise 279,186 square feet and 279,279 square feet, respectively. Both buildings offer flexible space with cross-dock capabilities and the ability to accommodate single and multi-tenant layouts.<\/p>\n<p>JLL\u2019s Managing Directors Bo Mills and Mark Detmer, along with Vice President Ryan Sitov led the team that brokered the sale on behalf of DCT Industrial.<\/p>\n<p>\u201c<em>Phoenix is one of the best bets for industrial product right now. The demand is high, and fully leased, well-maintained buildings such as these often stoke a competitive bidding process<\/em>,\u201d Mills said in prepared remarks. \u201c<em>We have seen the Southwest Phoenix area\u2019s vacancy dip from about 20 percent in 2009 to nearly 10 percent at the end of 2016. This is a trend we think will continue as Phoenix serves as the Southwest\u2019s logistics hub, <\/em>Demeter added in a prepared statement.<\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colony Northstar is the new owner of two institutional grade warehouses totaling more than 558,000 square feet. Both buildings offer flexible space that can accommodate single and multi-tenant layouts.<\/p>\n","protected":false},"author":1055,"featured_media":1004184397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1601,15],"tags":[36548,33430,34892,32796],"class_list":["post-1004184389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-bo-mills","tag-colony-northstar","tag-dct-industrial-trust","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JLL Arranges $39M Sale of Phoenix Industrial Portfolio - 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\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Arranges $39M Sale of Phoenix Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Colony Northstar is the new owner of two institutional grade warehouses totaling more than 558,000 square feet. Both buildings offer flexible space that can accommodate single and multi-tenant layouts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/\" \/>\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=\"2017-07-19T15:32:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:48:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/I-10-Industrial-Portfolio-800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/\",\"name\":\"JLL Arranges $39M Sale of Phoenix Industrial Portfolio - 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