We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Cushman & Wakefield Brokers Sale of Brand New Class A Industrial Building in Phoenix's Southeast Valley for $23.2 Million
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Cushman & Wakefield Brokers Sale of Brand New Class A Industrial Building in Phoenix's Southeast Valley for $23.2 Million

State-of-the-art light industrial facility fully leased to three tenants

January 12, 2021
No Comments

GILBERT, Ariz., January 12, 2021 – Cushman & Wakefield announced today the firm has advised the sale of a brand new 135,745-square-foot light industrial building in Gilbert, Arizona for $23.2 million. The facility located at 196 South McQueen Rd in the Phoenix MSA is fully leased to three tenants with a weighted average remaining lease term of nine years. The property was acquired by GID Industrial based in Boston, MA. 

The seller was SunCap Property Group, a national commercial real estate development firm specializing in speculative industrial and single-tenant build-to-suit facilities. SunCap developed the building in 2019 as part of their 62-acre Gilbert Spectrum Business Park. Executive Managing Director Will Strong, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the transaction. Chris McClurg & Ken McQueen of Lee & Associates provided leasing advisory.

“The property offered a unique opportunity to acquire 100% fee simple interest in a brand new, well-leased property with a diverse tenant mix, strong cash flow, and robust market dynamics in a premium location,” said Will Strong. “The modern, high-quality features accommodate the deepest pool of users in a submarket where demand has historically been the most significant.”

The facility is strategically located in Phoenix’s highly desirable Southeast Valley with easy access to the Loop 202, Loop 101, U.S. 60, I-10 Freeway, and recently completed South Mountain Loop 202. The property features a 32-ft clear height and 40 dock doors with possible accommodation for 15 users. Other development in Gilbert Spectrum Business Park includes two facilies for Northrop Grumman, one complete and a second to be occupied in Q2 2021.

 

CLICK HERE for photo of 196 South McQueen

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Cushman & Wakefield Brokers Sale of New 263,000 SF Class A Industrial Facility for $43.1 Million in Goodyear, Ariz.

    Cushman & Wakefield Arranges $21.3 Million Sale of Lehigh Valley Industrial Portfolio

    Cushman & Wakefield Brokers $76.1 Million Sale of Capital Logistics Center in Middletown

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Relaxed regulations for drone parcel delivery to take effect in March

  • Gartner survey signals increased investment in resilience over the next two years

  • Increasing Urgency for Vaccine Supplies Drives Launch of New Vaccine Manufacturing Resources on Thomasnet.com

  • IBM survey says digitalization trends will sweep trucking industry by 2030

  • What Level of Automation is Right for Your Warehouse?

Now Playing on DCV-TV

Ef7899d1 1c83 487b 9291 8af692931c96

myQ Dock Management

DCV-TV 4: Viewer Contributed
Introducing myQ Dock Management. Connect your loading dock equipment and iDock Controls from Poweramp, McGuire, or DLM to the cloud and view your loading activity online with myQ Dock Management.Facilities with myQ can monitor the real-time status of their docks and be proactive in improving efficiency and safety. ...

FEATURED WHITE PAPERS

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing