{"id":1004225682,"date":"2018-04-30T08:00:48","date_gmt":"2018-04-30T16:00:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004225682"},"modified":"2022-12-07T20:00:23","modified_gmt":"2022-12-08T04:00:23","slug":"clarius-trades-phoenix-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clarius-trades-phoenix-industrial-property\/","title":{"rendered":"Clarius Trades Phoenix Industrial Property"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004225688\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004225688\" data-attachment-id=\"1004225688\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clarius-trades-phoenix-industrial-property\/meritex-park-sky-harbor-in-phoenix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Meritex Park Sky Harbor in Phoenix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Meritex Park Sky Harbor in Phoenix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg?w=800\" class=\"wp-image-1004225688 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004225688\" class=\"wp-caption-text\">Meritex Park Sky Harbor in Phoenix<\/p><\/div>\n<p>The Meritex Co. has acquired a newly constructed 198,771-square-foot Class A industrial development in Phoenix for $23.7 million. The firm <a href=\"https:\/\/www.commercialsearch.com\/news\/top-10-cash-only-office-deals-of-2017\/\">acquired the property on an all-cash basis<\/a>, according to Yardi Matrix. The asset, now known as Meritex Park Sky Harbor, opened in 2017. The seller, Clarius Partners, constructed the distribution center with an $11.6 million construction loan held by Wells Fargo Bank.<\/p>\n<p>Located at 2625 and 2675 S. 16th St., the two multi-tenant buildings\u2019 11.7-acre parcel is positioned south of the intersection of interstates 10 and 17, within two miles of Phoenix Sky Harbor International Airport. The city\u2019s central business district lies three and a half miles northwest.<\/p>\n<h2>Modern features<\/h2>\n<p>The 68,220-square-foot northern building features 28-foot clear heights, 28 loading docks and four drive-in doors. The southern structure includes 30-foot clear heights, 38 dock-high bays and four grade level doors. The asset includes a total of 201 parking spaces and is 71 percent leased to four tenants: WR Group, American Furniture Rental, CallBox and DWF.<\/p>\n<p><em>\u201cWe are very excited to add these best-in-class assets to our portfolio as we continue to execute our investment strategy and expand our presence in Phoenix,\u201d<\/em> said Matt Wagner, director of acquisitions at Meritex, in a prepared statement. <em>\u201cWe targeted these properties due to the infill positioning near the airport, major transportation nodes, significant population and labor force concentration.\u201d<\/em><\/p>\n<p><em>Image courtesy of The Meritex Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two-building asset opened in 2017 and contains nearly 200,000 square feet. The structures are 71 percent leased to four tenants.<\/p>\n","protected":false},"author":861,"featured_media":1004225688,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[35670,33277],"class_list":["post-1004225682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-meritex-enterprises","tag-wells-fargo"],"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>Clarius Trades Phoenix Industrial Property - 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\/clarius-trades-phoenix-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarius Trades Phoenix Industrial Property\" \/>\n<meta property=\"og:description\" content=\"The two-building asset opened in 2017 and contains nearly 200,000 square feet. The structures are 71 percent leased to four tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clarius-trades-phoenix-industrial-property\/\" \/>\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=\"2018-04-30T16:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:00:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Meritex-Park-Sky-Harbor-in-Phoenix.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=\"Jeff Hamann\" \/>\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\\\/clarius-trades-phoenix-industrial-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/clarius-trades-phoenix-industrial-property\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Clarius Trades Phoenix Industrial Property\",\"datePublished\":\"2018-04-30T16:00:48+00:00\",\"dateModified\":\"2022-12-08T04:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/clarius-trades-phoenix-industrial-property\\\/\"},\"wordCount\":241,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/clarius-trades-phoenix-industrial-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/Meritex-Park-Sky-Harbor-in-Phoenix.jpg\",\"keywords\":[\"Meritex Enterprises\",\"Wells Fargo\"],\"articleSection\":[\"Deals\",\"Industrial\",\"Investment\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/clarius-trades-phoenix-industrial-property\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/clarius-trades-phoenix-industrial-property\\\/\",\"name\":\"Clarius Trades Phoenix Industrial Property - 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