The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 1, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Two Newly Constructed Buildings Totaling 249k sf Trade at AZ Biz Park


A Chicago-based institutional investor purchased two buildings totaling 249k sf at Lotus Project Phase II, a newly built industrial park in Chandler, AZ. They were sold by Conor Commercial Real Estate.

At the time of sale, the buildings were fully leased to two investment-grade tenants. A defense/aerospace company leased the 144.3k sf Building 5 and a medical device company leased the 104.7k sf Building 6. Building 5 features 32' clear height, 43 dock doors and four drive-in doors. Building 6 offers 32 clear height, 38 dock doors and four drive-in doors.

This latest phase consists of three state-of-the-art, advanced manufacturing and light industrial buildings totaling 292.1k sf. All three buildings provide a parking ratio of 1.63/1,000 square feet, ample power, ESFR sprinklers, skylights and efficient loading dimensions.

Strategically positioned on a high-visibility site off the Loop 202 Fwy, Lotus Project offers many logistical advantages. The site is less than one mile from I-10 and the Loop 202, 15 minutes from Sky Harbor International Airport and 20 minutes from downtown Phoenix. Additionally, businesses have access to the dynamic workforce that exists within a population of more than
three million within a 25-mile radius.

The Class A business park is unique in that it reimagines the concept of traditionally simple industrial design. No detail was overlooked, from the elegant lotus emblem on the truck court gates to the stained concrete blocks found throughout the property. Lotus Project has a unified campus environment with common design features that link the buildings and open space areas with inspiring themes of innovation, creativity and vitality.

Will Strong of Cushman & Wakefield represented Conor in the sale. In March of this year, Building 7, a 46.9k sf building, was sold to a Phoenix-based high precision manufacturer. Jackie Orcutt of CBRE advised both the seller and buyer in the sale.

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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media