Saturday, July 18, 2015

JLL Closes Land Sale in Phoenix, AZ for $300 Million ‘Ten’ Industrial Project


Anthony Lydon
PHOENIX, AZ – On behalf of Irwin G. Pasternack + Associates, the Phoenix office of JLL has completed a land deal that assembles 215 acres at I-10 and 83rd Avenue in Phoenix for TEN – a mega $300 million mixed-use business park.

When complete, the project will become the largest freeway industrial employment site in Phoenix.

Irwin Pasternack serves as the property owner, architect and developer. JLL Managing Directors Anthony Lydon and Marc Hertzberg represented Pasternack in the land purchase and serve as the project’s exclusive leasing brokers.

The team expects to have at least one major, million-plus-square-foot industrial building under construction within the next 12 months.

“This is absolutely the best location for an Arizona industrial project,” said Pasternack.

“It has premier freeway frontage at the intersections of Interstate 10 and the Loop 101, is on route from the docks in California to the rest of the country, enjoys tremendous corporate neighbors and a massive footprint large enough to handle any corporate need in the marketplace.

“We will compliment that development with retail services such as gas, food and neighborhood retail, to create a full-service offering and a great place to work for companies and their employees.”

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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