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Seefried Industrial Properties and Crow Holdings Capital Acquire 35-Acre AZ Development Site

8/25/20

The Phoenix office of Seefried Industrial Properties, along with a private equity real estate fund advised by Crow Holdings Capital, has acquired a 35-acre site in Deer Valley, AZ. The buyers plan to use the site to develop an Amazon last mile delivery station, to be known as “Project Andale.”

Located at northeast corner of 7th Ave and Pinnacle Peak Rd, the project will include a 145.5k sf standalone package delivery facility used to complement Amazon’s larger fulfillment center in west Phoenix. Additional features include over 13k sf of office and break room space and parking for 780 delivery vans and 305 employee vehicle spaces.

“Demand for state-of-the-art last-mile logistics space is something that we expect to continue to rise as shorter delivery times influence the way e-commerce companies conduct business,” stated Robert Guerena, Senior Vice President for Seefried Properties. “The northwest Phoenix market presents an ideal opportunity for this new industrial build, offering strong transportation infrastructure and a growing residential market.”

Layton Construction has been engaged as the general contractor; Ware Malcomb is the Architect and Hunter Engineering, Inc is the civil engineer. The project is scheduled for shell completion during the fourth quarter of 2021.





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