{"id":1004648606,"date":"2023-03-01T05:03:03","date_gmt":"2023-03-01T13:03:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004648606"},"modified":"2023-05-22T03:57:25","modified_gmt":"2023-05-22T11:57:25","slug":"pepsico-building-in-phoenix-trades","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/","title":{"rendered":"PepsiCo Building in Phoenix Trades"},"content":{"rendered":"
\"VanTrust

Peoria Logistics Park. Image courtesy of VanTrust<\/em><\/p><\/div>\n

Cohen Asset Management<\/strong> has purchased Building B of Peoria Logistics Park, a 157,000-square-foot Class A industrial building located at 7575 West Golden Lane in Peoria, Ariz. Prior to opening, the facility was entirely preleased to Frito Lay; PepsiCo Real Estate, an affiliate of the former tenant\u2019s parent company PepsiCo Inc., remains its sole tenant.<\/p>\n

The recently opened property is the second installment of the first phase, out of a planned eight-building, 150-acre build-to-suit industrial campus being developed by the seller of Bulding B, VanTrust Real Estate<\/strong>.<\/p>\n

Building B broke ground on 17.5 acres in April of 2022<\/a>, and was designed by the Butler Design Group, with Willmeng Construction providing contracting services. At full build out, the campus could potentially accommodate eight buildings measuring between 100,000 and 600,000 square feet, making it the largest speculative development in the Peoria industrial submarket.<\/p>\n

Situated less than 1 mile from U.S. Route 60 and within 2 miles of Phoenix Loop 101, Peoria Logistics Park offers quick access to much of metro Phoenix.<\/p>\n

Cohen Asset Management’s recent Phoenix acquisitions<\/h2>\n

The purchase of Building B in Peoria Logistics Park is the Los Angeles-based buyer\u2019s latest in a string of acquisitions around metro Phoenix.<\/p>\n

In 2022, the firm picked up eight assets around the city including an 862,622-square-foot property in Buckeye<\/a> leased to Funko Inc., as well as a 405,656-square-foot facility in Avondale<\/a>. According to CommercialEdge information, the owner\u2019s portfolio in the Valley of the Sun totals more than 7 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The facility is part of a 150-acre industrial campus. <\/p>\n","protected":false},"author":3012,"featured_media":1004576366,"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":[32789,39193,50335,33102],"class_list":["post-1004648606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-cbre","tag-cohen-asset-management","tag-pepsico-incorporated","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\nPepsiCo Building in Phoenix Trades - CPE<\/title>\n<meta name=\"description\" content=\"Cohen Asset Management has purchased a 157,000-square-foot Class A industrial building in Peoria, Ariz., a submarket of Phoenix.\" \/>\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\/pepsico-building-in-phoenix-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PepsiCo Building in Phoenix Trades\" \/>\n<meta property=\"og:description\" content=\"Cohen Asset Management has purchased a 157,000-square-foot Class A industrial building in Peoria, Ariz., a submarket of Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/\" \/>\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=\"2023-03-01T13:03:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-22T11:57:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Peoria-Logistics-Park-Peoria-Ariz.-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"814\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\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\/pepsico-building-in-phoenix-trades\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/\",\"name\":\"PepsiCo Building in Phoenix Trades - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Peoria-Logistics-Park-Peoria-Ariz.-featured.jpg\",\"datePublished\":\"2023-03-01T13:03:03+00:00\",\"dateModified\":\"2023-05-22T11:57:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"Cohen Asset Management has purchased a 157,000-square-foot Class A industrial building in Peoria, Ariz., a submarket of Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pepsico-building-in-phoenix-trades\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Peoria-Logistics-Park-Peoria-Ariz.-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Peoria-Logistics-Park-Peoria-Ariz.-featured.jpg\",\"width\":814,\"height\":600,\"caption\":\"Peoria Logistics Park. 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