{"id":1004769957,"date":"2025-08-28T02:48:19","date_gmt":"2025-08-28T10:48:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004769957"},"modified":"2025-08-28T06:35:13","modified_gmt":"2025-08-28T14:35:13","slug":"speed-bay-lands-100m-for-phoenix-flex-industrial","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/","title":{"rendered":"Speed Bay Locks In $100M for Phoenix Flex Industrial"},"content":{"rendered":"
\n
\"Exterior<\/a>
Carlton Square includes four Class B industrial properties completed in 1981. Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n

Speed Bay Warehouse Solutions has obtained a $100 million loan for Carlton Square, an 84,707-square-foot flex industrial campus in Phoenix, according to Yardi Research Data.<\/p>\n\n\n\n

Wells Fargo Bank issued the loan after the Colorado-based company acquired the property for $17.4 million. Top 10 Properties sold the asset after 32 years of ownership.<\/p>\n\n\n\n

Carlton Square is a Class B, four-building industrial property at 1711 W. Rose Garden Lane. It was constructed in 1981 and is fully leased.<\/p>\n\n\n\n

The campus\u2019 tenant roster includes Raymar, Distinctive Construction Group and CAPS Sports Grill, among others, according to the same source.<\/p>\n\n\n\n

The 7-acre asset is close to Arizona Veterans Highway, in an area with multiple bus stops. Downtown Phoenix is 17 miles away, while Phoenix Sky Harbor International Airport is within 21 miles.<\/p>\n\n\n\n

Metro Phoenix’s strong investment activity<\/h2>\n\n\n\n

Metro Phoenix’s industrial investment volume<\/a> hit $1.1 billion year-to-date through July, with properties trading at an average of $176 per square foot, according to the latest Yardi Matrix report<\/a>.<\/p>\n\n\n\n

This placed it on the fifth spot among the top 25 U.S. markets, as it outpaced most Western markets, such as Orange County ($747 million) and the Inland Empire ($658 million). Phoenix remained a pricier market than most, with the per-square-foot average above the $130 national figure.<\/p>\n\n\n\n

Recent transactions included JLL Income Property Trust’s $140 million acquisition of Glendale Distribution Center<\/a>. The 1 million-square-foot warehouse in Glendale, Ariz., changed hands earlier this month from a joint venture between Clarius Partners and Cresset Partners.<\/p>\n\n\n\n

At the beginning of the year, CIP Real Estate purchased an 809,230-square-foot industrial park in Mesa, Ariz., in a $168.3 million transaction<\/a>. Canyon Partners Real Estate LLC sold the property, dubbed Broadway 101 Commerce Park.<\/p>\n","protected":false},"excerpt":{"rendered":"

A major national bank originated the loan.<\/p>\n","protected":false},"author":2991,"featured_media":1004769962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,21742,1601,15],"tags":[33215],"class_list":["post-1004769957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-wells-fargo-bank"],"acf":[],"yoast_head":"\nSpeed Bay Locks In $100M for Phoenix Flex Industrial - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.\" \/>\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\/speed-bay-lands-100m-for-phoenix-flex-industrial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speed Bay Locks In $100M for Phoenix Flex Industrial\" \/>\n<meta property=\"og:description\" content=\"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/\" \/>\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=\"2025-08-28T10:48:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-28T14:35:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\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\/speed-bay-lands-100m-for-phoenix-flex-industrial\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/\",\"name\":\"Speed Bay Locks In $100M for Phoenix Flex Industrial - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg\",\"datePublished\":\"2025-08-28T10:48:19+00:00\",\"dateModified\":\"2025-08-28T14:35:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg\",\"width\":640,\"height\":480,\"caption\":\"Carlton Square includes four Class B industrial properties completed in 1981. Image courtesy of Yardi Research Data\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Speed Bay Locks In $100M for Phoenix Flex Industrial\"}]},{\"@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\/#\/schema\/person\/image\/\",\"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":"Speed Bay Locks In $100M for Phoenix Flex Industrial - Commercial Property Executive","description":"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.","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\/speed-bay-lands-100m-for-phoenix-flex-industrial\/","og_locale":"en_US","og_type":"article","og_title":"Speed Bay Locks In $100M for Phoenix Flex Industrial","og_description":"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.","og_url":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-08-28T10:48:19+00:00","article_modified_time":"2025-08-28T14:35:13+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.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":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/","url":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/","name":"Speed Bay Locks In $100M for Phoenix Flex Industrial - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg","datePublished":"2025-08-28T10:48:19+00:00","dateModified":"2025-08-28T14:35:13+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Speed Bay Warehouse Solutions has obtained a $100 million loan an industrial campus in Phoenix, Yardi Research Data shows.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg","width":640,"height":480,"caption":"Carlton Square includes four Class B industrial properties completed in 1981. Image courtesy of Yardi Research Data"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/speed-bay-lands-100m-for-phoenix-flex-industrial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Speed Bay Locks In $100M for Phoenix Flex Industrial"}]},{"@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\/#\/schema\/person\/image\/","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\/2025\/08\/Carlton-Square-Phoenix-e1756371089375.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004769957","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=1004769957"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004769957\/revisions"}],"predecessor-version":[{"id":1004770080,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004769957\/revisions\/1004770080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004769962"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004769957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004769957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004769957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}