{"id":1004754224,"date":"2025-04-14T04:01:15","date_gmt":"2025-04-14T12:01:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004754224"},"modified":"2025-04-14T04:01:16","modified_gmt":"2025-04-14T12:01:16","slug":"viawest-sells-phoenix-office-to-industrial-redevelopment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/viawest-sells-phoenix-office-to-industrial-redevelopment\/","title":{"rendered":"ViaWest Sells Phoenix Office-to-Industrial Redevelopment"},"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\/Sight-Logistics-Park-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1800\" height=\"1350\" data-attachment-id=\"1004754225\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-phoenix-office-to-industrial-redevelopment\/sight-logistics-park-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg\" data-orig-size=\"1800,1350\" 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=\"Sight Logistics Park (1)\" data-image-description=\"&lt;p&gt;Property at 6840 and 6860 S. Harl Ave., Tempe, Ariz.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sight Logistics Park rose on the site of Insight Enterprises\u2019 former headquarters. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg\" alt=\"Aerial shot of Sight Logistics Park in Tempe, Ariz.\" class=\"wp-image-1004754225\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg 1800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Sight-Logistics-Park-1.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption class=\"wp-element-caption\">Sight Logistics Park rose on the site of Insight Enterprises\u2019 former headquarters.<em> Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>ViaWest Group has sold Sight Logistics Park, a Class A industrial park spanning 357,103 square feet across two buildings in Tempe, Ariz. JLL brokered the deal on behalf of the seller.<\/p>\n\n\n\n<p>Pacific Coast Capital Partners issued a $40.2 million construction loan in 2021, according to CommercialEdge data, and the industrial park came online two years later.<\/p>\n\n\n\n<p>The campus&#8217; development was a conversion from an office asset, which previously served as the headquarters of tech company Insight Enterprises. A joint venture led by ViaWest group acquired it in a $26.9 portfolio deal four years ago.<\/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\/phoenix-maintained-industrial-strength-in-2024\/\">Phoenix Maintained Industrial Strength in 2024<\/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>Located at 6840 and 6860 S. Harl Ave., Sight Logistics Park is 7 and 14 miles from downtown Tempe and Phoenix, respectively. The infill campus has frontage along Interstate 10, while U.S. Route 60 is 2 miles away.<\/p>\n\n\n\n<p>The facilities measure 201,187 and 155,916 square feet. Features include 32-foot clear heights, 66 dock-high doors and 10 grade-level doors, as well as a 200-foot truck court.<\/p>\n\n\n\n<p>At closing, the park was 88 percent leased. The tenant roster includes nVent, Daikin, Rentex and Supply Chain Solutions. The latter inked an agreement to occupy 156,751 square feet at the campus last year.<\/p>\n\n\n\n<p>JLL Senior Managing Director Ben Geelan and Senior Director Greer Oliver, as well as Associate Connor Nebeker-Hay, brokered the deal on behalf of ViaWest Group.<\/p>\n\n\n\n<p>ViaWest owns and manages more than 12.4 million square feet of space. In February last year, it made another, <a href=\"https:\/\/www.commercialsearch.com\/news\/viawest-pays-71m-for-phoenix-industrial-portfolio\/\">$71 million purchase in metro Phoenix<\/a>, while in December it sold an <a href=\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-salt-lake-city-asset\/\">industrial asset in Salt Lake City<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-investment-retains-momentum\">Phoenix investment retains momentum<\/h2>\n\n\n\n<p>During the first quarter, investors traded 2.9 million square feet of industrial product\u2014up 3.6 percent year-over-year\u2014across metro Phoenix, according to CommercialEdge data. The market&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> clocked in at $394 million year-to-date through March.<\/p>\n\n\n\n<p>Several noteworthy deals closed during the first three months of 2025. <a href=\"https:\/\/www.commercialsearch.com\/news\/bkm-grows-phoenix-footprint-with-157m-buy\/\">BKM Capital Partners purchased a portfolio<\/a> from Starwood Capital Group for $156.8 million. A month before that, <a href=\"https:\/\/www.commercialsearch.com\/news\/lba-pays-39m-for-phoenix-industrial-asset\/\">LBA Logistics paid $39 million<\/a> for a 220,240-square-foot asset sold by Echo Real Estate and Grandview Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two-building park came online in 2023.<\/p>\n","protected":false},"author":3471,"featured_media":1004754225,"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":[32796,35281],"class_list":["post-1004754224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-jll","tag-viawest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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