{"id":1004190087,"date":"2017-09-12T08:17:13","date_gmt":"2017-09-12T16:17:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190087"},"modified":"2022-12-08T12:06:46","modified_gmt":"2022-12-08T20:06:46","slug":"jll-closes-24m-phoenix-industrial-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-24m-phoenix-industrial-deal\/","title":{"rendered":"JLL Closes $24M Phoenix Industrial Deal"},"content":{"rendered":"

By Roxana Baiceanu<\/p>\n

\"Mark<\/a>

Mark Detmer, Managing Director, JLL<\/p><\/div>\n

JLL negotiated a $24.5 million industrial portfolio sale on behalf of previous owner, The Hewson Co. The four properties, which are located in Scottsdale and Tempe, Ariz., have 266,607 square feet combined, and are 96 percent occupied. The buyer is TA Realty.<\/p>\n

\u201cBoth the Tempe and Scottsdale submarkets benefit from low vacancy rates and strong rental rate growth. The quality of the assets and tenant diversity made this portfolio an exceptional opportunity for investors,<\/em>\u201d said Mark Detmer, JLL managing director.<\/p>\n

In addition to Detmer, the other brokers involved in the transaction are Managing Directors Bo Mills and Bill Honsaker, Senior Vice President Steve Larsen and Vice President Ryan Sitov. The team has recently closed on another Phoenix <\/a>industrial portfolio deal<\/a> in July.<\/p>\n

A variety of tenants<\/h2>\n

Three properties making up the portfolio are located in Tempe, Ariz., offering convenient access to Interstate 10:<\/p>\n

    \n
  • 9160 S. McKemy St.<\/li>\n
  • 9185 S. Farmer Ave.<\/li>\n
  • 9245 S. Farmer Ave.<\/li>\n<\/ul>\n

    Among the businesses operating at these addresses are ATC Group Services, Local Motors Tempe, Design Mail, Dynamex and TForce Final Mile.<\/p>\n

    The other flex building is located at 7400 E. Tierra Buena in Scottsdale, Ariz., and is home to American Business Card and CEG, among others. The property is very close to The Promenade, the largest shopping center in the area, and the Scottsdale Airport. \u00a0<\/p>\n

    Image courtesy of JLL <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    The company represented The Hewson Co. in the sale of a 266,607-square-foot industrial portfolio. The properties are located in Scottsdale and Tempe, Ariz.<\/p>\n","protected":false},"author":1064,"featured_media":1004190089,"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":[32796,32822],"class_list":["post-1004190087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-jll","tag-ta-realty"],"acf":[],"yoast_head":"\nJLL Closes $24M Phoenix Industrial Deal - 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-closes-24m-phoenix-industrial-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Closes $24M Phoenix Industrial Deal\" \/>\n<meta property=\"og:description\" content=\"The company represented The Hewson Co. in the sale of a 266,607-square-foot industrial portfolio. 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