{"id":1004200119,"date":"2017-12-12T10:32:27","date_gmt":"2017-12-12T18:32:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200119"},"modified":"2022-12-08T17:40:07","modified_gmt":"2022-12-09T01:40:07","slug":"lee-associates-facilitates-warehouse-sale-in-az","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/","title":{"rendered":"Lee &amp; Associates Facilitates Warehouse Sale in AZ"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004200120\" style=\"width: 244px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004200120\" data-attachment-id=\"1004200120\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/matt-hobaica\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\" data-orig-size=\"600,769\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D200&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1276076627&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;82&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Matt Hobaica\" data-image-description=\"&lt;p&gt;Principal Matt Hobaica negotiated the acquisition on behalf of BPG Designs&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Principal Matt Hobaica negotiated the acquisition on behalf of BPG Designs&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg?w=600\" class=\"wp-image-1004200120 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\" alt=\"Principal Matt Hobaica negotiated the acquisition on behalf of BPG Designs\" width=\"234\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg?resize=234,300 234w\" sizes=\"auto, (max-width: 234px) 100vw, 234px\" \/><\/a><p id=\"caption-attachment-1004200120\" class=\"wp-caption-text\">Principal Matt Hobaica negotiated the acquisition on behalf of BPG Designs<\/p><\/div>\n<p>Parkland Center II, a 35,542-square-foot industrial warehouse,\u00a0changed hands in Tempe, Ariz. Principal Matt Hobaica of Lee &amp; Associates Arizona represented the buyer, BPG Designs. DCT Industrial, the seller, was represented by JLL. BPG acquired the asset for $3.5 million.<\/p>\n<p>The property is located at 7307 S. Harl Ave., in West Tempe. Built in 1982, the warehouse sits on a 2.3-acre site. It features 103 parking spaces, grade-level loading docks and air conditioning. The building also comprises retail space facing Harl Avenue.<\/p>\n<h2>BPG Expansion<\/h2>\n<p>At the time of sale, approximately 13,640 square feet were still vacant, but have since been leased. BPG Designs occupies the rest of the building. Major thoroughfares are close by, including Interstate 10, Loop 202 and Loop 101. Phoenix Sky Harbor International Airport is about 10 miles away.<\/p>\n<p>\u201c<em>BPG Designs currently occupies approximately 60 percent of the building, and the balance is 100 percent leased to other tenants. When the opportunity to purchase the building became an option, they pursued it. BPG is excited about the opportunity to expand into the other suites as their business continues to grow,<\/em>\u201d said Hobaica in a prepared statement.<\/p>\n<p>Earlier this year, JLL arranged for the $39 million sale of a <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-39m-sale-of-phoenix-industrial-portfolio\/\">Phoenix industrial <\/a>portfolio, also owned by DCT Industrial.<\/p>\n<p><em>Image courtesy of Lee &amp; Associates<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.<\/p>\n","protected":false},"author":1284,"featured_media":1004200120,"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":[34892,32796,32762],"class_list":["post-1004200119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-dct-industrial-trust","tag-jll","tag-lee-associates"],"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>Lee &amp; Associates Facilitates Warehouse Sale in AZ - 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\/lee-associates-facilitates-warehouse-sale-in-az\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; Associates Facilitates Warehouse Sale in AZ\" \/>\n<meta property=\"og:description\" content=\"Upon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/\" \/>\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=\"2017-12-12T18:32:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:40:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"769\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\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\/lee-associates-facilitates-warehouse-sale-in-az\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/\",\"name\":\"Lee &amp; Associates Facilitates Warehouse Sale in AZ - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\",\"datePublished\":\"2017-12-12T18:32:27+00:00\",\"dateModified\":\"2022-12-09T01:40:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Matt-Hobaica.jpg\",\"width\":600,\"height\":769,\"caption\":\"Principal Matt Hobaica negotiated the acquisition on behalf of BPG Designs\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lee-associates-facilitates-warehouse-sale-in-az\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lee &amp; Associates Facilitates Warehouse Sale in AZ\"}]},{\"@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\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. 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