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| Goodyear Crossing II, Goodyear, AZ |
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| Bo Mills |
PHOENIX, AZ – As investment grade tenants continue to see
the value of locating in Phoenix, investors are seeking out the market’s
high-quality industrial assets.
On behalf of Gramercy Property Trust, JLL’s
Capital Markets experts announced the firm facilitated the sale of Goodyear
Crossing II, an 820,384-square-foot, Class A fulfilment center in Goodyear,
Arizona.
Hines purchased the fully
leased asset for $56.2 million.
Managing Directors Bo Mills and Mark Detmer led the JLL
team on the sale.
“The Phoenix industrial
market is in the early stages of recovery, making assets in this market a very
sound investment,” said Mills. “Goodyear Crossing II is a high-quality asset
with investment grade tenancy and is a tremendous addition to Hines’s
portfolio.”
Goodyear Crossing II
features a 30-foot clear height, 268 spaces for trailer parking, 178 dock-high
doors and is fully air conditioned.
The building also features 15,000 square
feet of office space and is easily demisable to accommodate multiple tenants.
Goodyear Crossing II’s proximity to the I-10 Freeway and Loop 101 offer access
to major markets in the Southwest, California and Phoenix metropolitan area,
respectively.
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| Mark Detmer |
JLL Capital Markets is a
full-service global provider of capital solutions for real estate investors and
occupiers. The firm’s in-depth local market and global investor knowledge
delivers the best-in-class solutions for clients — whether a sale, financing, repositioning,
advisory or recapitalization execution.
In 2015 alone, JLL Capital
Markets completed $140 billion in investment sale and debt and equity
transactions globally. The firm’s Capital
Markets team comprises more than 2,000 specialists, operating all over
the globe.
For a
complete copy of the company’s news release, please contact:
Stacey Hershauer
Phone:
+1 480 600 0195
Email:
stacey@focusaz.com
or contact Investor Relations at 212-297-1000.
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