ViaWest Group acquires six-building industrial portfolio in East Valley Phoenix, AZ

Greer Oliver

PHOENIX, AZ – ViaWest Group has completed the acquisition of a substantial industrial portfolio totaling 428,427 square feet in Gilbert, Arizona.

Part of industrial portfolio totaling 428,427
square feet in Gilbert, AZ

The acquisition solidifies ViaWest Group's commitment to strategic real estate investments in the East Valley Phoenix area. The price was not disclosed.

Danny Swancey

JLL Capital Markets facilitated the transaction, representing the seller, and bringing ViaWest Group to the table as the buyer.

Mark Detmer

This portfolio is 98 percent occupied and spans 26.87 acres and comprises six buildings housing 11 tenants.

 Noteworthy features of the properties include clear heights ranging from 15 to 30 feet, a total of 64 dock-high doors, 23 grade-level doors and 639 car parking spaces.

 The properties are strategically located in Gilbert, Arizona, with addresses at 955 N Fiesta Blvd. (108,212 SF), 1171 & 1191 N Fiesta Blvd. (126,472 SF), 2075 & 2135 W Obispo Ave. (180,087 SF) and 2020 W Guadalupe Rd (13,656 SF).

 

Ryan Sitov

With average rents currently positioned 30 percent below market rates and an average of three years of remaining lease term across the portfolio, the acquisition presents a compelling mark-to-market opportunity in a highly sought-after East Valley Phoenix location.

Danny Swancey, Partner, ViaWest Group, said "This transaction underscores our continued commitment to identifying and capitalizing on strategic infill industrial investment opportunities in top-tier markets across the Southwest. The acquisition aligns perfectly with our investment strategy and enhances our presence in the region."

The JLL Capital Markets team, led by Mark Detmer, Greer Oliver, Ryan Sitov, and Connor Nebeker-Hay, facilitated the seamless execution of the transaction.

Connor Nebeker-Hay

Additionally, JLL assisted with the procurement of the financing led by Kevin MacKenzie, Jason Carlos, and Jarrod Howard. Market leasing is handled by Steve Larsen at JLL.

 

For more news, videos, and research reso. urces, visit JLL’s newsroom.

 

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CONTACT:

 

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago,IL |
M +1 330 329 6750

 

www.viawestgroup.com 

 Mikele Keiffer

 (602) 957-8300 x116. 

 

JLL Capital Markets handles $86 million sale of four medical properties in high-growth markets

Mindy Berman

 BOSTON, Feb. 5, 2024 –  JLL Capital Markets announced today that it arranged the $86 million sale of a collection of four mission-critical medical properties totalling over 181,000 square feet located in Phoenix, Arizona, Southern Florida and Chicago, Illinois area.

Matt DiCesare 

JLL worked on behalf of the seller, Flagler Healthcare Investments, and procured the buyer, Remedy Medical Properties and its partner Kayne Anderson Real Estate.

 The medical properties cater to a diverse range of healthcare specialties, including orthopedic surgery, cardiology, pediatrics and imaging. These facilities are operated by leading health systems and providers, ensuring the delivery of high-margin healthcare services.

Liam Sorensen

The properties in the portfolio are 99 percent leased and consist of Oasis Surgical Hospital (750 N 40^th St. Phoenix, AZ), Baptist Health City I & II (10275 & 10383 Hagen Ranch Rd, Boynton Beach, FL) and Elgin Professional Plaza (750 Fletcher Dr, Elgin, IL).

 

The JLL Medical Properties Group Advisory team was led by Senior Managing Director Mindy Berman, Director Matt DiCesare  and Associate Liam Sorensen.

"We were delighted to have facilitated the sale of this portfolio on behalf of Flagler Healthcare Investments," said Berman. "The portfolio's strong tenant mix, long remaining lease terms and strategic market locations made this an ideal investment opportunity.”

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. 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:

 

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

 

https://www.kayneanderson.com/real-estate/.

www.RemedyMed.com.

 Flagler Healthcare Investments.