{"id":1004705750,"date":"2024-03-08T07:21:21","date_gmt":"2024-03-08T15:21:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004705750"},"modified":"2024-03-08T07:23:09","modified_gmt":"2024-03-08T15:23:09","slug":"mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/","title":{"rendered":"MDC Realty Advisors Picks Up Phoenix Asset in Sale-Leaseback Deal"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"2632
The Class A property at 2632 E. Chambers St. is within the Sky Harbor submarket. Image courtesy of Cushman & Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n

MDC Realty Advisors has purchased a 114,907-square-foot industrial asset within Phoenix’s Sky Harbor submarket, for $24.3 million. Tenant American Refrigerator Supplies Inc. sold the property and signed a leaseback agreement.<\/p>\n\n\n\n

The one-story facility is at 2632 E. Chambers St. Built in 1996, it features 28-foot clear heights, HVAC climate control systems, six grade-level loading doors, dock levelers and bumpers, a 30,500-square-foot office component and 132 vehicle parking spots.<\/p>\n\n\n\n

The 7-acre asset is near Interstate 10 and Arizona State Route 143. It is also 4 miles from Phoenix Sky Harbor International Airport, 16 miles from Glendale, Ariz., 19 miles from Chandler, Ariz. and within 31 miles of Phoenix-Mesa Gateway Airport. The ports of Los Angeles and Long Beach are within a 6-hour drive.<\/p>\n\n\n\n

Cushman & Wakefield Vice Chairman Phil Haenel, Executive Vice Chairman Will Strong, Senior Associate Foster Bundy and Associate Katie Rapine negotiated the transaction on behalf of both parties.<\/p>\n\n\n\n

Industrial sales placing Phoenix among top metros<\/h2>\n\n\n\n

According to a recent CommercialEdge<\/a> report, Phoenix recorded $161 million in industrial sales in January, at an average sale price of $152 per square foot. The metro was outpaced by Denver ($210 million) and the Bay Area ($229 million).<\/p>\n\n\n\n

Recent industrial investments included G.W. Williams Co.’s $38 million <\/a>acquisition of Koll Cotton Center, a flex industrial campus totaling 228,605 square feet. United of Omaha Life Insurance Co. provided acquisition financing in the form of a $17.5 million, 5-year loan.<\/p>\n\n\n\n

ViaWest Group paid $71.1 million in Gilbert<\/a>, Ariz., acquiring a 428,427-square-foot, six-building portfolio. Clarion Partners sold the 98-percent-leased portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield brokered the deal on behalf of both parties.<\/p>\n","protected":false},"author":2991,"featured_media":1004705756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1601,15],"tags":[34908,37576],"class_list":["post-1004705750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-cushman-wakefeld","tag-mdc-realty-advisors"],"acf":[],"yoast_head":"\nMDC Realty Advisors Picks Up Phoenix Asset in Sale-Leaseback Deal - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MDC Realty Advisors purchased a 114,907-square-foot Class A industrial asset in Phoenix, for $24.3 million.\" \/>\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\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MDC Realty Advisors Picks Up Phoenix Asset in Sale-Leaseback Deal\" \/>\n<meta property=\"og:description\" content=\"MDC Realty Advisors purchased a 114,907-square-foot Class A industrial asset in Phoenix, for $24.3 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/\" \/>\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=\"2024-03-08T15:21:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-08T15:23:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/6a8accfc-0fbe-4a15-8e9c-ed4055faaca3-e1709907054486.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"904\" \/>\n\t<meta property=\"og:image:height\" content=\"678\" \/>\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\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/\",\"name\":\"MDC Realty Advisors Picks Up Phoenix Asset in Sale-Leaseback Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/6a8accfc-0fbe-4a15-8e9c-ed4055faaca3-e1709907054486.jpg\",\"datePublished\":\"2024-03-08T15:21:21+00:00\",\"dateModified\":\"2024-03-08T15:23:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"MDC Realty Advisors purchased a 114,907-square-foot Class A industrial asset in Phoenix, for $24.3 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdc-realty-advisors-picks-up-phoenix-asset-in-sale-leaseback-deal\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/6a8accfc-0fbe-4a15-8e9c-ed4055faaca3-e1709907054486.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/6a8accfc-0fbe-4a15-8e9c-ed4055faaca3-e1709907054486.jpg\",\"width\":904,\"height\":678,\"caption\":\"2632 E. 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