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| Rendering of I-10 Distribution Center, Phoenix, AZ |
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| Bo Mills |
Managing Directors Bo Mills and Mark Detmer and Vice president Ryan
Sitov led the JLL team on the sale.
“Phoenix is one of the
best bets for industrial product right now,” said Mills. “The demand is high,
and fully leased, well-maintained buildings such as these often stoke a
competitive bidding process.”
Added Detmer, “We have
seen the Southwest Phoenix area’s vacancy dip from about 20 percent in 2009 to
nearly 10 percent at the end of 2016. This is a trend we think will continue as
Phoenix serves as the Southwest’s logistics hub.”
The assets are located at
101 North 103rd Ave. and 101 North 104th Ave., and are 279,186 square feet and
279,279 square feet respectively. Both buildings offer flexible space with
cross-dock capabilities and the ability to accommodate either single or
multi-tenant layouts.
For a complete copy of the company’s news release,
please contact:
Scott Sutton
Phone: +1 312-228-2863
Email: Scott.Sutton@am.jll.com
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