{"id":1004261042,"date":"2018-08-30T04:18:08","date_gmt":"2018-08-30T12:18:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004261042"},"modified":"2022-12-08T08:14:13","modified_gmt":"2022-12-08T16:14:13","slug":"cbre-global-investors-acquires-49m-phoenix-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-49m-phoenix-facility\/","title":{"rendered":"CBRE Global Investors Acquires $49M Phoenix Facility"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004261054\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004261054\" data-attachment-id=\"1004261054\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-acquires-49m-phoenix-facility\/swic-grdind-lr-pano2-2015-01-07\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1420632105&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;31&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;0.0008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SWIC GrdInd LR Pano2 2015 01 07\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Southwest Industrial Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg?w=800\" class=\"wp-image-1004261054 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/SWIC-GrdInd-LR-Pano2-2015-01-07.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004261054\" class=\"wp-caption-text\">Southwest Industrial Center<\/p><\/div>\n<p>CBRE Global Investors Acquisitions has bought Southwest Industrial Center, a Class A distribution building in Phoenix, for $48.5 million. JLL Capital Markets arranged the sale on behalf of the seller, Hines, who will remain the owner of the adjacent development site that was not part of the sale.&nbsp;<\/p>\n<p>Located at 7775 W. Buckeye Road, the building constructed in 2015 comprises 684,420 square feet. Features include a 32-foot clear height, 52- by 60-foot bay spacing, ESFR sprinklers, HVAC climate control, a mezzanine level, insulated ceilings, sky lights, 52- by 50-foot column spacing, a 190-foot truck court, cross docks, dock levelers and bumpers, loading doors and 384 parking spaces. According to Yardi Matrix, Hines bought the asset back in December 2016 from Hillwood for $41.8 million. That sale was subject to a $24.3 million loan held by Comerica Bank.<\/p>\n<p>JLL Managing Directors Bo Mills, Mark Detmer, Marc Hertzberg and Anthony Lydon, along with Vice President Ryan Sitov, represented the seller.<\/p>\n<p><em>&#8220;<\/em><em>Southwest Industrial Center is one of the premier logistics facilities in the western United States. Among the things that make it stand out are its true &#8216;main-and-main&#8217; location and that it has virtually every modern amenity desired by today&#8217;s users. It will be very sought after by tenants,&#8221; <\/em>Mills told<em> Commercial Property Executive.&nbsp;<\/em><\/p>\n<p>In June, CBRE Global Investors&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-snags-charlotte-office-tower\/\">acquired 615 S. College in Charlotte<\/a>, N.C., for $222 million. The newly completed 375,865-square-foot trophy office tower in the Uptown submarket was developed by Portman Holdings.&nbsp;<\/p>\n<p><em>Image courtesy of&nbsp;JLL Capital Markets<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The distribution center changed hands with help from JLL Capital Markets, which arranged the transaction on behalf of the seller.<\/p>\n","protected":false},"author":746,"featured_media":1004261054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[41816,36548,35095,32797,32796,41813],"class_list":["post-1004261042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-anthony-lydon","tag-bo-mills","tag-cbre-global-investors","tag-hines","tag-jll","tag-marc-hertzberg"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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