You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value.
Phone / Prefer cell: 520-975-5207 Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
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Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
PRESSURE IN CAPITAL MARKETS HAD STRONG RIPPLE EFFECT FOR INDUSTRIAL CONSTRUCTION AND DEALMAKING
By Audrey Jensen – Reporter, Phoenix Business Journal Dec 25, 2023
Real estate database Vizzda shows that the Valley had 352 industrial-related sales as of Dec. 14, a decrease from last year. In 2022, Phoenix metro had approximately 591 industrial-related sales compared to 779 sales in 2021, according to Vizzda data and county records.
Here are the top 10 industrial sales in 2023:
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1: San Francisco-based Prologis Inc. acquired a newly developed Airpark Logistics Center for $184 million in October from Phoenix-based Creation Equity — the largest industrial sale of the year. The 170-acre industrial park currently comprises 1.4 million square feet and will total 2.7 million square feet at full build out. The park is located at the southwest corner of Bullard Avenue and Yuma Road adjacent to the Phoenix Goodyear Airport.
2: The GO|99 South industrial park with three buildings sold to New York-based Kohlberg Kravis Roberts & Co. Inc., or KKR, in May for $165 million. KKR acquired the park, which is leased to China-based JA Solar, from an entity connected to George Oliver, which developed the GO project through its industrial arm, GO Industrial.
3: In July, global real estate firm EQT Exeter purchased the G303 industrial park totaling 1.25 million square feet from the developer, Hines, in July. EQT paid $105 million for the development, which is located near the Loop 303 and Glendale Avenue and is leased to mattress manufacturer MLILY.
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4: As part of a national $3 billion portfolio acquisition, Prologis purchased multiple Phoenix properties including a nearly 570,000-square-foot facility with two buildings for $98.5 million in July from Blackstone. The buildings are located at 7875 and 7825 W. Buckeye Road in south Phoenix in an industrial corridor. Prologis paid at least $242 million in cash for about 10 buildings in Phoenix as part of the portfolio.
5: Hatcher Industrial Park in Glendale was acquired by San Diego-based Westcore Properties for nearly $93 million from Minnesota-based Ryan Cos. The 53-acre facility includes a nearly 520,000-square-foot building and a 386,958-square-foot building at the northeast corner of Reems Road and Olive Avenue near Luke Air Force Base.
6: Building E at the master-planned industrial park The Cubes at Glendale sold in April for $82.6 million to Washington, D.C.-based investor Fundrise. The 570,080-square-foot building was developed and sold by Chicago-based CRG after construction completed in January 2023. The park is located at Reems Road and Northern Avenue and houses Williams-Sonoma, U.S. Merchants and Saddle Creek Logistics Services.
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7: Cohen Asset Management acquired the Falcon Park 303 industrial project for $81.6 million in May from The Carlyle Group. The nearly 600,000-square-foot warehouse was developed in 2022 and is located near the northeast corner of the Loop 303 and Camelback Road in Glendale.
8, 9, 10: As part of its national $3 billion portfolio acquisition, Prologis also acquired two industrial buildings totaling 323,364 square feet at 3555 and 3602 W. Washington St. for $53.5 million in July from Blackstone. The buildings were developed in 1990 and 1995. Other buildings Prologis acquired include a nearly 280,000-square-foot industrial building at 101 N. 104th Ave. in Tolleson for $48.5 million and a 177,770-square-foot project with two buildings near 7th Avenue and Interstate 17 for $44.9 million, rounding out the top 10 industrial sales of the year.
SEE IT ALL: https://www.bizjournals.com/phoenix/news/2023/12/26/top-industrial-deals-2023.html
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Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
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Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.