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4/10/25
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Sight Logistics Park, a 357k sf, state-of-the-art, two-building industrial development in Tempe, AZ, has traded hands. The development was recognized in 2024 as Redevelopment Project of the Year by both RED and NAIOP Arizona, underscoring its exceptional transformation and market impact. The property was sold by ViaWest Group, who had previously purchased it from Insight Enterprises.
Completed in 2023, Building 1, located at 6840 S. Harl Ave, spans 155.9k sf, while Building 2 at 6860 S. Harl Ave encompasses 201.2k sf. The award-winning development features 32-foot clear heights, 100% HVAC coverage, 66 dock-high doors, 200-foot truck court, 10 grade-level doors and 8,400 amps of power. Additionally, the property boasts 1,000 feet of frontage along Interstate 10, offering exceptional visibility and access.
The property is 88% leased to a diverse tenant roster including nVent, Daikin, Rentex and Supply Chain Solutions. Adding to its income potential, two digital billboards along I-10 are fully leased to Lamar Advertising Company, one of the largest outdoor advertising companies globally and the largest in North America.
Located in the highly sought-after Tempe submarket, Sight Logistics Park benefits from its proximity to major transportation arteries, including I-10, US 60, Loop 101 and Loop 202. The development is just 12 minutes from Sky Harbor International Airport, facilitating efficient regional and national distribution.
Ben Geelan, Greer Oliver and Connor Nebeker-Hay with JLL Capital Markets represented the seller in the deal. The local market leasing efforts were handled by Colliers’ Rob Martensen, Phil Breidenbach and Sam Jones.
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