Tempur-Pedic Signs Full-Building Pre-Lease at Lincoln Property Company’s Buckeye85

Buckeye85 is a planned $60 million,

 state-of-the-art warehouse and distribution project that is 100%occupied prior to completion of construction in Phoenix’s I-10 Corridor.

 

TOLLESON, AZ – Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. 

The lease brings the $60 million, state-of-the-art warehouse and distribution project to 100% occupied prior to completion of construction.

 Under the 321,892-square-foot lease, Buckeye85 will become home to a new Tempur-Pedic distribution center, continuing to expand the company’s long-standing, multi-building metro Phoenix logistics presence.

John Orsak

 

“Tempur-Pedic has long-recognized – and used – the Valley as a strategic hub for its manufacturing and distribution operations,” said Lincoln Property Company Senior Vice President John Orsak.

“We’re proud to help them continue to expand that valued local presence, in a building that was designed with the location, flexibility and creative industrial amenities that modern companies like Tempur-Pedic require.”

Buckeye85 is located on 20 acres at 10333 W. Buckeye Rd., at the southwest corner of 103^rd Avenue and Buckeye Road/MC-85 Highway in Tolleson, Arizona.

David Krumwiede
 

It is two miles from a full-diamond interchange at I-10 and 107^th Avenue, within a world-class e-commerce market that is home to companies like Amazon, McKesson, Pepsico, Kroger and Home Depot.

Features of the building include 36’ clear height, full concrete truck courts and a 95-door cross-dock configuration.

Architecturally, Buckeye85 incorporates the generous use of clerestory windows, providing indoor workspaces with sky views and abundant natural light. The northeast corner of the building also includes a speculative suite with high-end finishes and plug-and-play advantages for Tempur-Pedic to complete a quick and seamless move in. The project is in the final stages of construction.

Riley Gilbert

JLL Managing Director Riley Gilbert represented Tempur-Pedic in the lease agreement, bringing the company’s overall Phoenix industrial presence to nearly 1.5 million square feet across multiple buildings.

“Buckeye85 places Tempur-Pedic vitally close to key employment pools and population centers, in a market with a very attractive cost of doing business,” said Gilbert.

“From a logistics perspective, the property offers direct access to the MC-85 thoroughfare, minutes from Interstate 10 and five hours from the ports of Southern California.

"These are highly attractive advantages in a Phoenix industrial market that is rapidly developing new barriers to entry.”

Tempur-Pedic is part of Tempur Sealy International, Inc. (NYSE: TPX), a leading designer, manufacturer, distributor and retailer of bedding products to consumers in over 100 countries.

For more on leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.

 

CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

www.lpc.com or

 www.lpcdesertwest.com.

JLL Capital Markets brokers office building sales at 10200 Grogans Mill Road. and 1610 Woodstead Court in The Woodlands, TX

 

10200 Grogans Mill Road in The Woodlands, TX

HOUSTON, TX –  JLL Capital Markets  has closed the sale of 10200 Grogans Mill Rd. and 1610 Woodstead Ct., two office properties totaling 153,294 square feet in The Woodlands, Texas.

1610 Woodstead Court in The Woodlands, TX

JLL represented the seller, and procured the buyer, a privately held asset management firm.

 The two-property portfolio is positioned within The Woodlands, one of the nation’s premier master planned communities located 27 miles north of Houston.

Rick Goings

The area is home to seven Fortune 500 corporate headquarters, boasts top-quality schools and residential neighborhoods, is home to more than 11 million square feet of retail and offers plentiful recreation options, including 220 miles of connected hike and bike trails.

 

10200 Grogans Mill Rd. and 1610 Woodstead Ct. sit on a total of 9.85 acres and are 66.7% leased overall. The tenancy is comprised of a diverse mix of industries, including finance, technology, legal services, oil and gas, consulting and logistics.

 The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Director Rick Goings and Managing Directors Marty Hogan and Kevin McConn.

 

 Marty Hogan

“While the capital markets are facing a number of headwinds, office assets that are well-located in submarkets like The Woodlands continue to generate significant investor interest,” Goings said.

 

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 investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Kevin McConn

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

 Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com

 

 

Ware Malcomb Promotes Braden Blake to Director, Architecture in Phoenix, AZ Office

Braden Blake

 PHOENIX, AZ – Ware Malcomb, an award-winning international design firm, announced Braden Blake, AIA, has been promoted to Director, Architecture in the firm’s Phoenix office.

 In this role, Blake will be responsible for the leadership of the office and continued growth of the Architecture studio in the region. 

Blake has more than 15 years of architectural design expertise. He initially joined Ware Malcomb in 2018 as a Project Manager prior to being promoted to his most recent role of Studio Manager.

Douglas Gullo

“Braden's proactivity within our growing multifamily practice, and continued success in the industrial and medical office markets have expanded the Phoenix office's reputation as leaders both locally and regionally,” said Douglas Gullo, Regional Director, Ware Malcomb.

 

“He is a widely respected leader and staff mentor. We look forward to seeing his continued growth and impact.”

Blake earned Bachelor of Arts in Design and Master of Architecture degrees at Arizona State University. 

He is a licensed Architect in Arizona, a member of the National Council of Architectural Registration Boards (NCARB) and The American Institute of Architects (AIA). 

He is an active member of National Association for Industrial and Office Parks (NAIOP) and is a NAIOP Young Professionals Group (YPG) alum.

 

CONTACTS:

  Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers,

Director, PR & Communications,

 949.660.9128, 

mrodgers@waremalcomb.com

 

Maureen Bissonnette,

 Principal, Marketing,

949.660.9128, 

mbissonnette@waremalcomb.com

 

 http://www.waremalcomb.com/news/ 

and brand video

at https://www.youtube.com/waremalcomb.

 

29th Street Capital Buys Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ

Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ

Tempe, AZ.– 29th Street Capital (29SC), a privately held real estate investment firm, acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, Arizona. The price was not disclosed.

 

This asset marks the firm’s 21st multifamily acquisition in the Phoenix Metro & 2nd acquisition of 2023 in the market. Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A location. 

 The community offers residents a comfortable lifestyle, with one swimming pool, an outdoor grilling and picnic area and package lockers. 29SC plans to renovate both interior units and exterior amenities. 

 Dusty Eddy

“The acquisition of Solaire on Scottsdale comes on the heels of our acquisition of Dwell Apartments just down the road and reinforces 29SC’s strategy of acquiring high-quality assets, in desirable locations, where we can add value to residents through upgrades and improvements,” said Dusty Eddy, Senior Vice President of Acquisitions of the Southwest Region for 29SC. 

 “Residents will be able to enjoy upgraded apartments with modern amenities while taking advantage of Solaire’s proximity to the Old Town Scottsdale & Tempe Town Lake areas with their many entertainment options, retailers, and major employment centers.” 

 Solaire on Scottsdale is located immediately west of Scottsdale Road on McKellips Road in north Tempe and offers unmatched reach to several of the Valley’s most prominent employment centers, including Downtown Scottsdale, Tempe Town Lake, ASU, Midtown & Downtown Phoenix, and the Camelback Corridor. 

Contact: 

Dusty Eddy, 

Senior Vice President of Acquisitions – Southwest Region 

312.401.4668 

 deddy@29sc.co