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11/12/21
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Bay Logistics, a distribution and logistics company, leased 76.2k sf at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality commercial freezer space. Located at 291 E. Buckeye Rd, the property is owned by ViaWest Group.
The property was renovated to feature a separate and divisible north and south building. Each section boasts an Alta Refrigeration System, which allows for multiple temperature ranges, and remote monitoring and alarm. The property, which has immediate access to downtown Phoenix, doesn’t have any remaining cold storage space available.
CBRE’s Cooper Fratt and John Werstler represented the landlord in the deal. Michael Waxman, Aaron Norwood and Foster Bundy with LevRose Commercial Real Estate repped the tenant.
“This state-of-the art freezer facility received a lot of interest,” Fratt said. “This project was a true collaboration between ViaWest, the architect and CBRE in order to turn this empty, outdated cold storage building into a modern facility that serves the increasing demands of today.”
“Food innovation is a rapidly-growing sector in Phoenix,” said Christine Mackay, Phoenix Community and Economic Development Director. “Consumer demand requires innovative and technologically advanced facilities to quickly get product to market. Phoenix’s transportation infrastructure and long-established logistics and warehousing sectors make this a prime location for companies like Bay Logistics.”
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