The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 18, 2020
 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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
CBRE Global Investors Fund Buys 383k sf Industrial Asset in Phoenix

12/26/19

A fund sponsored by CBRE Global Investors has acquired a 393.5k sf industrial, cross-dock facility in Phoenix. Located at 3333 South 7th St, the property is in the Airport submarket, which has a tight 8.3% availability rate as of Q3 2019. The acquisition is part of the fund’s broader strategy to acquire and lease up properties in key industrial markets across the U.S.

3333 South 7th Street was built in 2016 and is roughly 50% occupied by two tenants. There remains 191k sf of state-of-the-art industrial space in the property still available for lease.

The property features 36-foot clear heights, 96 dock-high loading doors, four grade-level loading doors, ESFR sprinklers, wide column spacing, secured 135-foot and 185-foot truck courts, ample trailer parking and a TPO roofing system, which reflects sunlight and allows the commercial air conditioners to work more efficiently.

“3333 South 7th Street is a very well-located property in terms of its accessibility and functionality. The location allows tenants to service both the west and east valleys and is near Phoenix Sky Harbor International Airport and several key thoroughfares in the region,” said Gardner Ellner, Senior Director of Commercial Acquisitions for CBRE Global Investors. “As the population in Phoenix continues to grow, the logistic capabilities are improving to keep up with consumer demand, which we anticipate will lead to industrial rent growth. With the area’s affordable labor, moderate operating costs and business-friendly tax structure, we expect to see strong tenant demand for high-end logistics space in the coming years.”




Return to the previous 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 © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media