{"id":1004642420,"date":"2023-01-31T06:44:27","date_gmt":"2023-01-31T14:44:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004642420"},"modified":"2023-02-01T06:54:51","modified_gmt":"2023-02-01T14:54:51","slug":"jacuzzi-group-fully-leases-phoenix-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/","title":{"rendered":"Jacuzzi Group Fully Leases Phoenix Facility"},"content":{"rendered":"<div id=\"attachment_1004642446\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004642446\" data-attachment-id=\"1004642446\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/3-15\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\" data-orig-size=\"967,726\" 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;0&quot;}\" data-image-title=\"3-15\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg?w=967\" class=\"wp-image-1004642446 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg 967w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004642446\" class=\"wp-caption-text\">Kentwood 303 &#8211; Building A. Image courtesy of MDH Partners<\/p><\/div>\n<p><strong>MDH Partners<\/strong> has secured a 143,520-square-foot lease agreement with <strong>Jacuzzi Group<\/strong> at Kentwood 303, a two-building industrial park in Glendale, Ariz. A subsidiary of the global manufacturer and distributor of luxury bath, spa and hydrotherapy products will fully occupy the property\u2019s Building A. <strong>JLL<\/strong> negotiated on behalf of the landlord.<\/p>\n<p><span style=\"font-size: revert; color: initial;\">With this new Glendale facility, Jacuzzi Bath Remodel will double its manufacturing and distribution capacities. The location will serve the brand&#8217;s retail stores across the Western U.S.<\/span><\/p>\n<h2>A fully leased industrial campus<\/h2>\n<p>MDH purchased Kentwood 303 in April for $42 million, according to Maricopa County records. Completed in 2021, the 271,400-square-foot industrial park occupies a 23-acre site at 6051 and 6075 N. Cotton Lane. Both buildings have 28-foot clear heights, ESFR sprinkler systems and a total of 504 parking spots, CommercialEdge data shows.<\/p>\n<p>JLL Managing Director Curtis Ellmore and Senior Associate Hagen Hyatt represented the landlord. Jacuzzi&#8217;s commitment brought the property to full occupancy, as the 128,576-square-foot Building B was already fully leased by two other tenants.<\/p>\n<p>Situated 17 miles from downtown Glendale and 26 miles from downtown Phoenix, the campus is just west of Loop 303 and 4 miles north of Interstate 10. The location is also less than 2 miles from a 600,000-square-foot industrial project that MDH is developing in Goodyear, Ariz., and recently received a <a href=\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-november-2022\/\">$650 million in construction financing<\/a>, according to a Commercial Property Executive roundup of industrial and office deals.<\/p>\n<h2>Phoenix&#8217;s booming industrial market<\/h2>\n<p>According to a recent <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">CommercialEdge report<\/a>, industrial rents grew 7.1 percent over the last 12 months in Greater Phoenix, while the vacancy rate clocked in at 3.3 percent. The metro&#8217;s underway projects totaled 55 million square feet as of December, the second largest supply pipeline in the U.S., after Dallas.<\/p>\n<p>MDH Partners\u2019 Phoenix footprint encompasses more than 1.3 million square feet. The firm recently expanded its portfolio into new markets including California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania, currently owning more than 85 assets across 20 states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A subsidiary will double its manufacturing and distribution capacities at the new location.<\/p>\n","protected":false},"author":2991,"featured_media":1004642446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1601,15],"tags":[32796,51687],"class_list":["post-1004642420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-phoenix","category-west","tag-jll","tag-mdh-partners"],"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>Jacuzzi Group Fully Leases Phoenix Facility - CPE<\/title>\n<meta name=\"description\" content=\"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.\" \/>\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\/jacuzzi-group-fully-leases-phoenix-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jacuzzi Group Fully Leases Phoenix Facility\" \/>\n<meta property=\"og:description\" content=\"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/\" \/>\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=\"2023-01-31T14:44:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-01T14:54:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"967\" \/>\n\t<meta property=\"og:image:height\" content=\"726\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/jacuzzi-group-fully-leases-phoenix-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/\",\"name\":\"Jacuzzi Group Fully Leases Phoenix Facility - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\",\"datePublished\":\"2023-01-31T14:44:27+00:00\",\"dateModified\":\"2023-02-01T14:54:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg\",\"width\":967,\"height\":726},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jacuzzi Group Fully Leases Phoenix Facility\"}]},{\"@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\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"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\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Jacuzzi Group Fully Leases Phoenix Facility - CPE","description":"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/","og_locale":"en_US","og_type":"article","og_title":"Jacuzzi Group Fully Leases Phoenix Facility","og_description":"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.","og_url":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-01-31T14:44:27+00:00","article_modified_time":"2023-02-01T14:54:51+00:00","og_image":[{"width":967,"height":726,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/","name":"Jacuzzi Group Fully Leases Phoenix Facility - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg","datePublished":"2023-01-31T14:44:27+00:00","dateModified":"2023-02-01T14:54:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"MDH Partners secured a 143,520-square-foot lease with Jacuzzi Group at Kentwood 303, a two-building industrial park in Glendale, Ariz.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg","width":967,"height":726},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jacuzzi-group-fully-leases-phoenix-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Jacuzzi Group Fully Leases Phoenix Facility"}]},{"@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\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","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\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/3-15-e1675082947342.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004642420"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642420\/revisions"}],"predecessor-version":[{"id":1004643067,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642420\/revisions\/1004643067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004642446"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004642420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004642420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004642420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}