{"id":1004738530,"date":"2024-11-26T04:31:57","date_gmt":"2024-11-26T12:31:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004738530"},"modified":"2024-11-26T04:32:00","modified_gmt":"2024-11-26T12:32:00","slug":"arc-capital-skb-buy-phoenix-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/","title":{"rendered":"Arc Capital, SKB Buy Phoenix Industrial Campus"},"content":{"rendered":"
\n
\"Exterior<\/a>
Fiesta Tech Center includes two industrial properties on nearly 16 acres. Image courtesy of CommerciaLEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n

SKB, in joint venture with Arc Capital Partners, has acquired Fiesta Tech Center, a two-building industrial campus totaling 243,370 square feet of space in Gilbert, Ariz., for $19.1 million. <\/p>\n\n\n\n

Cushman & Wakefield worked on behalf of both parties. The seller was Nearon Enterprises, that owned the properties since 2019, according to CommercialEdge. The industrial campus previously changed hands for approximately $18.1 million.<\/p>\n\n\n\n

Fiesta Center is 100 percent leased to Kaiser Garage Doors & Gates\u2014fully occupying the first building\u2014and MKB Construction and Symage.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO<\/strong>: Top 5 Markets for Industrial Transactions<\/a><\/p>\n\n\n\n

\n\n\n\n

The two industrial buildings came online between 1987 and 1997 and are within the Southeast Valley submarket of Phoenix. Situated at 1250 and 1300 N. Fiesta Blvd., they feature 16-foot clear heights, dock levelers and bumpers, grade-level loading doors, eight dock-high loading doors each, office space and a total of 523 vehicle parking spots, according to CommercialEdge.<\/p>\n\n\n\n

The some 16-acre industrial campus provides easy access to loops 101 and 202, while being 13 miles from Phoenix Sky Harbor International Airport, 19 miles from Phoenix-Mesa Gateway Airport and within 28 miles of Glendale, Ariz.<\/p>\n\n\n\n

Vice Chairman Phil Haenel, Executive Vice Chairman Will Strong, Director Foster Bundy and Associate Katie Repine with Cushman & Wakefield\u2019s Private Capital Group brokered the deal on behalf of both parties.<\/p>\n\n\n\n

Pricy Phoenix among best-performing metros<\/h2>\n\n\n\n

Industrial deals in metro Phoenix totaled $1.9 billion as of September, according to a rec<\/a>e<\/a>nt CommercialEdge report<\/a>. Assets traded at an average sale price of $159 per square foot, above the national average of $130. Across Western markets, Phoenix outperformed Denver ($142 per square foot) and Central Valley ($129 per square foot).<\/p>\n\n\n\n

One significant industrial transactions that closed earlier this year include EQT Exeter’s $60 million acquisition<\/a> of a 641,906-square-foot asset in Buckeye, Ariz. The vacant property is part of a 145-acre master-planned project that will include 1.2 million square feet.<\/p>\n\n\n\n

Earlier this month, Indus Realty Trust marked its first industrial acquisition in Phoenix with a $72.4 million purchase<\/a>. The company picked up a 393,484-square-foot, fully leased distribution center from CBRE Investment Management.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two-building asset previously changed hands in 2019.<\/p>\n","protected":false},"author":2991,"featured_media":1004738551,"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":[36409,34908],"class_list":["post-1004738530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-arc-capital-partners-llc","tag-cushman-wakefeld"],"acf":[],"yoast_head":"\nArc Capital, SKB Buy Phoenix Industrial Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 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\/arc-capital-skb-buy-phoenix-industrial-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arc Capital, SKB Buy Phoenix Industrial Campus\" \/>\n<meta property=\"og:description\" content=\"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/\" \/>\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=\"2024-11-26T12:31:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-26T12:32:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/\"},\"author\":{\"name\":\"Simona Tudose\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"headline\":\"Arc Capital, SKB Buy Phoenix Industrial Campus\",\"datePublished\":\"2024-11-26T12:31:57+00:00\",\"dateModified\":\"2024-11-26T12:32:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/\"},\"wordCount\":345,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/11\\\/Fiesta-Tech-Center-e1732540180590.jpg\",\"keywords\":[\"Arc Capital Partners LLC\",\"Cushman & Wakefeld\"],\"articleSection\":[\"Industrial\",\"Investment\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/\",\"name\":\"Arc Capital, SKB Buy Phoenix Industrial Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/11\\\/Fiesta-Tech-Center-e1732540180590.jpg\",\"datePublished\":\"2024-11-26T12:31:57+00:00\",\"dateModified\":\"2024-11-26T12:32:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 million.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/11\\\/Fiesta-Tech-Center-e1732540180590.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/11\\\/Fiesta-Tech-Center-e1732540180590.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Image courtesy of CommerciaLEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/arc-capital-skb-buy-phoenix-industrial-campus\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arc Capital, SKB Buy Phoenix Industrial Campus\"}]},{\"@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\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"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":"Arc Capital, SKB Buy Phoenix Industrial Campus - Commercial Property Executive","description":"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 million.","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\/arc-capital-skb-buy-phoenix-industrial-campus\/","og_locale":"en_US","og_type":"article","og_title":"Arc Capital, SKB Buy Phoenix Industrial Campus","og_description":"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-11-26T12:31:57+00:00","article_modified_time":"2024-11-26T12:32:00+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.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":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/"},"author":{"name":"Simona Tudose","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"headline":"Arc Capital, SKB Buy Phoenix Industrial Campus","datePublished":"2024-11-26T12:31:57+00:00","dateModified":"2024-11-26T12:32:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/"},"wordCount":345,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg","keywords":["Arc Capital Partners LLC","Cushman & Wakefeld"],"articleSection":["Industrial","Investment","News","Phoenix","West"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/","name":"Arc Capital, SKB Buy Phoenix Industrial Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg","datePublished":"2024-11-26T12:31:57+00:00","dateModified":"2024-11-26T12:32:00+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"SKB, in joint venture with Arc Capital Partners, has acquired a two-building industrial campus in Gilbert, Ariz., for $19.1 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg","width":1000,"height":750,"caption":"Image courtesy of CommerciaLEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/arc-capital-skb-buy-phoenix-industrial-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Arc Capital, SKB Buy Phoenix Industrial Campus"}]},{"@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\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","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\/2024\/11\/Fiesta-Tech-Center-e1732540180590.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738530","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=1004738530"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738530\/revisions"}],"predecessor-version":[{"id":1004738755,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738530\/revisions\/1004738755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004738551"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004738530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004738530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004738530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}