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| Steve Sayre |
The fully leased building acquisition is the latest for
the Southwest industrial property buying strategy of ViaWest Group.
“At more than 11 million square feet, Deer Valley is a
subtle but powerful part of Phoenix’s industrial real estate market,” said JLL
Executive Vice President Steve Sayre.
“Like the Bell17 Industrial property, this inventory
consists primarily of well-located, quality assets in close proximity to
Interstate 17 and the Deer Valley Airport.
"For those two reasons alone,
properties in the submarket tend to garner some of Phoenix’s higher asking
rents and perform well for their owners.”
Sayre, along with JLL Executive Vice President Pat Harlan and Associate Kyle Westfall, led the project’s
leasing effort on behalf of the prior property owner/developer/seller, Klefstad
Companies, Inc. They will continue to do so for ViaWest Group, the entity that
the JLL team identified to purchase the property.
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| Pat Harlan |
Based in Phoenix, ViaWest has purchased approximately $50
million of industrial assets over the last nine months as part of its new fund
focused on well-located industrial space in the Southwest U.S.
“We are very excited about the potential of Bell17
Industrial. It has consistently maintained strong occupancy and, with our
hands-on management approach, we believe that we can continue having it serve
as a premier location for smaller tenants in the Deer Valley market,” said Steven Schwarz, a Founding Partner of
ViaWest Group.
Bell17 Industrial is located near Bell Road and I-17 at
16602 N. 23rd Ave., 16601 N. 25th Ave. and 2401 W. Phelps. The buildings are
one mile from Interstate 17, two miles from the Loop 101, less than five miles
from Deer Valley Airport and offer 2.5 million square feet of retail amenities
within a two mile radius.
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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