The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 22, 2021
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
STAG Industrial Entity Buys Single-Tenant AZ Industrial Property for Over $14 Mi

12/21/20

An affiliate of Boston-based STAG Industrial Inc paid $14.25 mil for a 104.4k sf ($136.50/sf), fully leased single-tenant light industrial building in Chandler, AZ. The property was sold by Cohen Asset Management Inc.

The property is NNN-leased to Phoenix Packaging Operations LLC, a subsidiary of Grupo Phoenix. Grupo has been one of the leading manufacturers of injection-molded plastic packaging, thermoformed products, foil lidding and extruded barrier packaging in Latin America for the last 20 years.

Originally constructed in 2000, the tenant has made significant improvements to the building in both 2011 and 2017, including installing two additional cranes. Additional property features are a 28-foot clear height, ESFR sprinklers, five dock-high doors, four grade-level doors, low office finish and ample parking.

Situated on 8.51 acres at 464 E. Chilton Dr, the building is between U.S. 60, State Route 87, Loop 101 and Loop 202 Freeways, providing easy access to the Southwest Valley, the entire metro Phoenix area and the greater California region. It is also within the Chandler/Mesa Industrial submarket, a central industrial hub proximate to two area airports, and within the Chandler Enterprise Zone, which allows qualified businesses tax benefits.

Mark Detmer, Ryan Sitov, Steve Larsen and Bill Honsaker with JLL Capital Markets team represented the seller in the transaction.







Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media