{"id":1004753735,"date":"2025-04-08T06:34:50","date_gmt":"2025-04-08T14:34:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004753735"},"modified":"2025-04-08T06:34:52","modified_gmt":"2025-04-08T14:34:52","slug":"phoenix-warehouse-slated-for-ios-repositioning","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/","title":{"rendered":"Phoenix Warehouse Slated for IOS Repositioning"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1867\" height=\"1400\" data-attachment-id=\"1004753738\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/165-s-price-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\" data-orig-size=\"1867,1400\" 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=\"165-S-Price-Road\" data-image-description=\"&lt;p&gt;Property at 165 S. Price Road, Chandler, Ariz.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Unbound Development plans to implement capital improvements at the vacant warehouse. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\" alt=\"Outside shot of the warehouse at 165 S. Price Road in Chandler, Ariz.\" class=\"wp-image-1004753738\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg 1867w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1867px) 100vw, 1867px\" \/><\/a><figcaption class=\"wp-element-caption\">Unbound Development plans to implement capital improvements at the vacant warehouse. <em>Image courtesy of Cushman &amp; Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Unbound Development has acquired a vacant 100,000-square-foot industrial building in Chandler, Ariz., from Rogers Corp. The Class B asset changed hands for $14.1 million in a deal brokered by Cushman &amp; Wakefield.<\/p>\n\n\n\n<p>Completed in 1982, the warehouse was expanded in 2005. It previously traded in 2018 for $8.3 million, according to CommercialEdge data.<\/p>\n\n\n\n<p>Located at 165 S. Price Road, the 16.7-acre property is less than 1 mile away from the intersection of loops 101 and 202. The Phoenix Sky Harbor and Mesa Gateway airports operate within 17 miles.<\/p>\n\n\n\n<p>The facility features 8,400 amps of power that are expandable to 150 megawatts\u2014one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/3-industrial-amenities-worth-investing-in\/\">industrial amenities<\/a> desired by logistics tenants that convert their fleets to EVs. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-investment-in-the-industrial-age\/\">CRE Investment in the Industrial Age<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Unbound plans to renovate the property and reposition it for industrial outdoor storage use. The new owner has also appointed Cushman &amp; Wakefield to market it for lease or sale.\u00a0<\/p>\n\n\n\n<p>The brokerage firm&#8217;s Executive Director Joshua Wyss and Director Steven Mardian represented Rogers Corp. in the current deal, while Senior Vice President Michael Kitlica spearheaded the negotiations on behalf of Unbound Development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-greater-phoenix-industrial-market-still-shines\">Greater Phoenix industrial market still shines<\/h2>\n\n\n\n<p>Greater Phoenix\u2019s industrial investment volume totaled $183 million during 2025\u2019s first two months, according to the <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-march-2025\/\">latest CommercialEdge report<\/a>. Orange County ranked first among the western markets with $303 million in sales, followed by Los Angeles with $233 million.<\/p>\n\n\n\n<p>Assets traded on average for $162 per square foot in metro Phoenix, above the average national figure of $127 per square foot, the report shows. In one of the pricier deals, Echo Park 303\u2019s Building A <a href=\"https:\/\/www.commercialsearch.com\/news\/lba-pays-39m-for-phoenix-industrial-asset\/\">sold to LBA Logistics<\/a> for $39 million or roughly $177 per square foot. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property occupies nearly 17 acres in Chandler, Ariz.<\/p>\n","protected":false},"author":3471,"featured_media":1004753738,"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":[36351,32799],"class_list":["post-1004753735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-capital-improvement","tag-cushman-wakefield"],"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>Phoenix Warehouse Slated for IOS Repositioning - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.\" \/>\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\/phoenix-warehouse-slated-for-ios-repositioning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Warehouse Slated for IOS Repositioning\" \/>\n<meta property=\"og:description\" content=\"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/\" \/>\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=\"2025-04-08T14:34:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-08T14:34:52+00:00\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\" \/>\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\/phoenix-warehouse-slated-for-ios-repositioning\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/\",\"name\":\"Phoenix Warehouse Slated for IOS Repositioning - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\",\"datePublished\":\"2025-04-08T14:34:50+00:00\",\"dateModified\":\"2025-04-08T14:34:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg\",\"width\":1867,\"height\":1400,\"caption\":\"Unbound Development plans to implement capital improvements at the vacant warehouse. Image courtesy of Cushman & Wakefield\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phoenix Warehouse Slated for IOS Repositioning\"}]},{\"@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\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"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\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phoenix Warehouse Slated for IOS Repositioning - Commercial Property Executive","description":"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.","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\/phoenix-warehouse-slated-for-ios-repositioning\/","og_locale":"en_US","og_type":"article","og_title":"Phoenix Warehouse Slated for IOS Repositioning","og_description":"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.","og_url":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-04-08T14:34:50+00:00","article_modified_time":"2025-04-08T14:34:52+00:00","author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/","url":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/","name":"Phoenix Warehouse Slated for IOS Repositioning - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg","datePublished":"2025-04-08T14:34:50+00:00","dateModified":"2025-04-08T14:34:52+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"Unbound Development paid $14 million for a vacant warehouse in Chandler, Ariz., planning to reposition it for industrial outdoor storage use.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg","width":1867,"height":1400,"caption":"Unbound Development plans to implement capital improvements at the vacant warehouse. Image courtesy of Cushman & Wakefield"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-warehouse-slated-for-ios-repositioning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Phoenix Warehouse Slated for IOS Repositioning"}]},{"@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\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","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\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/165-S-Price-Road.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004753735","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\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004753735"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004753735\/revisions"}],"predecessor-version":[{"id":1004753840,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004753735\/revisions\/1004753840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004753738"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004753735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004753735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004753735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}