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| Wentworth-built property at 2228 West Guadalupe Road on Guadalupe Road just east of Country Club Drive. Gilbert, AZ |
PHOENIX, AZ– On behalf
of Wentworth Property Company LLC, the Phoenix office of JLL has completed a $9.94
million sale of a new build-to-suit office/flex building in the heart of
Gilbert, Arizona.
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| Brian Ackerman |
The
34,132-square-foot building is fully occupied by Moog Inc. (NYSE: MOG.A and
MOG.B), a design and manufacturing company that provides high performance
motion control products, solutions and services.
Built by Wentworth
Property Company in 2019, the building is located at 2228 W. Guadalupe Rd., on
Guadalupe Road just east of Country Club Drive.
The
project features a build out custom completed for Moog, with specific amenities
to support the tenant’s work in the aircraft, industrial, medical and space and
defense markets.
Based in New York, Moog
is a 50-year-old company recently reporting an annual revenue of approximately
$2.5 billion and an employee count of more than 10,970.
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| Steve Sayre |
JLL Executive Vice
Presidents Brian Ackerman and Steve Sayre represented Wentworth
Property Company in the transaction. Ian Hackett from Hackett Real Estate
Solutions represented the tenant. The buyer is a private trust.
“The Town of Gilbert
is a rapidly evolving commercial real estate market with a long list of
institutional tenants in a wide range of industries,” said David Dickson,
Senior Associate with Wentworth Property Company.
“This
building was designed to meet that increasingly sophisticated business
environment – a strategy that not only attracted Moog as a long-term credit
tenant but also aided in the quick and successful sale of the asset to a
knowledgeable buyer.”
“This building’s
mission-specific construction and its sought-after Gilbert address were
important factors in its acquisition,” added Ackerman. “It is an exceptional
addition to Wentworth’s development track record and will serve its new owner
well with strong projected value growth.”
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| David Dickson |
The
building is minutes from the US 60 Superstition Freeway and in close proximity
to a wide range of retail and restaurant amenities and other flex industrial
users. Deutsch Architecture Group is the architect.
Contact:
Stacey
Hershauer
Phone: +1 480 600 0195
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