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159 West First Ave., Mesa, AZ
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| Brian Ackerman |
Located at 159 W. First Ave., the 64,298-square-foot,
single-story flex building contains approximately 55,800 square feet of
industrial space and 8,500 square feet of office space, built in three phases
between 1987 and 2012. The property is occupied by a single tenant specializing
in the manufacturing of high-visibility consumer packaging.
Jones Lang LaSalle’s Senior Vice President Brian Ackerman
and Senior Managing Director Dennis Desmond, both in the Phoenix office,
represented BOSA and the property seller, Hogue Ventures LLC.
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| Dennis Desmond |
Jones Lang LaSalle Managing Director Bill Honsaker
and Vice President Steve Larsen served as leasing specialists.
“There are very few competing properties like this in the
area,” said Ackerman. “BOSA credits the stability of the downtown Mesa
submarket market and the stability of the building’s long-term occupancy as
important factors in their decision to buy.”
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| Bill Honsaker |
According to JLL research, the Southeast Valley has enjoyed
four consecutive quarters of positive net absorption and absorbed a more than 2
million square feet over the past 18 months. This consistently outpaces other
parts of the Valley and accounts for more than 30 percent of total net
absorption across the overall Phoenix metro market.
For a complete copy of the company’s news release, please
contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195
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