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| The Hangars at 5615, 5615 S. Sossaman Road, Mesa, AZ |
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| Bill Honsaker |
PHOENIX, AZ –
The Phoenix office of JLL has closed the $7 million sale of The Hangars at 5615, a major,
state-of-the-art office and hangar facility with direct runway access to
Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace
corridor.
Although the
property is currently 100 percent vacant, it is being acquired by an investor
with an expected commitment for approximately half of the space.
“At 73,826
square feet, this is one of the largest hangar facilities on the West Coast,”
said JLL Managing Director Bill
Honsaker.
“The
Hangars’ new owners have had strong tenant interest from the very beginning of
this process, and we expect that interest to continue as they lease out the
building.
“The unique
amenities of this project, the growth of Phoenix-Mesa Gateway Airport and the
growth of Arizona’s aerospace sector as a whole have put them in a great
position.”
Honsaker,
along with JLL colleagues Steve Larsen,
Riley Gilbert, Tom Turley and Jordan Kissel, represented the property
seller in the transaction. CRESA represented the property buyer, Southwest Jet
Center.
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| Steve Larsen |
The Hangars
at 5615 is located at 5615 S. Sossaman
Rd., at the north entrance of Phoenix-Mesa Gateway Airport in Mesa,
Arizona.
Built in 2007 and 2008 as a full-service Maintenance, Repair and
Overhaul (MRO) facility for former jet aircraft producer Hawker Beechcraft, the
73,826-square-foot project includes approximately 22,900 square feet of
high-end office space flanked by two, fully air-conditioned hangars totalling
25,800 and 25,140 square feet.
Other
features of the building include a contemporary main lobby, executive offices,
conference rooms, a kitchen and locker rooms.
The hangar space features 28’
door heights, 159’ door openings, a Compressed Air Foam (CAF) fire suppression
system and HVLS fans throughout. The 5.6-acre site includes adjacent land for
expansion.
“The Gateway
Airport submarket is growing, and Phoenix aerospace companies are growing as
well,” said Gilbert. “This site accommodates both of those very positive
trends.”
Phoenix-Mesa
Gateway Airport is a developing international aerospace center now hosting more
than 40 companies such as Embraer, Cessna and Able Engineering, and
contributing $1.3 billion annually to the Arizona economy.
It offers three
runways averaging 10,000 square feet and is situated within Foreign Trade and
Military Reuse zones providing savings in property taxes and transaction
privilege taxes, and offering job tax credits and job training funds.
For a complete copy of the company’s
news release, please contact:
Stacey
Hershauer
focusAZ
Marketing
& Public Relations
(480)
600-0195
