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Oxford, EverWest JV Buy $46.34 Million Chandler, AZ Industrial Portfolio
Oxford and EverWest have closed on the $26.34 million Chandler Airpark, completing the $46.34 million acquisition of a three-building, 261,940-square-foot, Kitchell-built Class A industrial portfolio recently completed and delivered in Chandler, AZ.
CHANDLER, AZ (MARCH 25, 2022) – Leading global real estate investor, asset manager and business builder Oxford Properties Group (“Oxford”) and prominent real estate investment management firm EverWest Real Estate Investors (“EverWest”) have closed on the US$26.34 million Chandler Airpark. The deal completes the JV’s US$46.34 million acquisition of a three-building, 261,940-square-foot, Kitchell-built Class A industrial portfolio that was recently completed and delivered in Chandler, Arizona.
Collectively, the acquisitions follow the JV’s objective to acquire and develop approximately US$1.0 billion (gross asset value) of core-plus and value-add light industrial product in major U.S. growth markets.
Oxford and EverWest began the acquisition of the Kitchell portfolio in late 2021, with the purchase of 800 E. German Road for $20 million. Last month, the companies announced the building’s full, 113,100-square-foot lease-up to a sustainable technology company.
Chandler Airpark comprises 148,830 square feet in two buildings totaling 82,119 square feet and 66,711 square feet, respectively. Each building features 28’ clear height, dock-high and ground-level loading positions, concrete truck courts, and generous power and parking.
“Chandler Airpark allowed us to acquire a vacant building with the opportunity to lease, stabilize and hold in a market experiencing exponential population growth and demand,” said EverWest Managing Director of Asset Management Amr Ceran. “We are extremely bullish on the Arizona market and are pursuing additional acquisitions here in the year ahead.”
“Speed to market is critical for industrial users and these projects meet that demand, providing immediate move-in for tenants and strong yield for ownership,” said Ankit Bhatt, Vice President of Investments at Oxford Properties. “This is in direct alignment with our investment goals and continues to build a foundation of extremely stable, logistics-based holdings.”
Chandler Airpark and 800 E. Germann are located along E. Germann Road, minutes from Chandler Municipal Airport and within one mile of Loop 202, offering quick access to two full-diamond interchanges and the market’s highly skilled labor pool.
Together, the portfolio totals 261,940 square feet within the Chandler Airport submarket, which in the past two years has grown from .4 million square feet to 4.8 million square feet of net industrial absorption, driven by tenant and market demand.
Ceran and Managing Director of Acquisitions Erik Good directed the transaction for EverWest. Will Strong of Cushman & Wakefield served as the sales broker.
Since launching their joint venture late in 2021, Oxford and EverWest have secured 16 light industrial assets across target markets in the Northeast, Southern, Mountain, Southwest, West Coast and Pacific Northwest regions.
Part of a thematic capital allocation strategy, Oxford has substantially grown its global industrial business over recent years. Last August it acquired a 149-building, 14.5 million-square-foot light industrial portfolio across 12 U.S. markets from KKR for US$2.2 billion. While in September Oxford announced it had completed its acquisition of M7 Real Estate, a market-leading pan European logistics investment and asset manager.
As a result of its sustained growth, logistics now represents the largest allocation of capital within Oxford’s global real estate portfolio. Building on this momentum, Oxford and EverWest will continue to seek strategy-driven, infill light industrial acquisition opportunities across key U.S. growth markets.
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About Oxford Properties Group
Oxford Properties Group (“Oxford”) is a leading global real estate investor, asset manager and business builder. It builds, buys, and grows defined real estate operating business with world-class management teams. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford’s owned portfolio encompasses office, logistics, retail, multifamily residential, life sciences, hotels and credit in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with over 100 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit www.oxfordproperties.com
About EverWest Real Estate Investors LLC
EverWest Real Estate Investors (“EverWest”) is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $4.3 billion in assets under management, EverWest clients invest through separately managed accounts and commingled funds. The firm is headquartered in Denver with regional investment offices in New York City, Charlotte, Los Angeles and San Francisco metro areas. EverWest is an affiliate of Sagard, a leading global alternative asset management platform within the Power Corporation of Canada ecosystem. For more information, visit www.everwest.com.
Los Angeles, CA, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Warp, a tech-powered network of cross-docks and carriers offering various vehicle sizes, announced that 2025 it will extend its solutions and services to the U.S. government. Warp aims to modernize government freight logistics with machine-learning-driven planning, optimized network strategies, and flexible solutions to create efficient, cost-effective, and sustainable supply chain transportation.
Focused on optimizing every load, every time, Warp employs machine learning (ML), artificial intelligence (AI), and groundbreaking consolidation techniques to blur the traditional lines of freight shipping by combining the best elements of LTL, FTL, and parcel delivery. Using its homogenous fleet including cargo vans, sedans, box trucks, and 53-foot trailers, Warp facilitates carrier injections, inbound vendor consolidation, pool point distribution, zone-skipping, store replenishment, and national retail distribution for some of the world’s largest shippers.
Unlike traditional FTL carriers, Warp offers per-pallet rates, ensuring customers pay only for what they use. Similarly, unlike traditional LTL carriers, Warp eliminates challenges such as unpredictable pricing, freight class adjustments, reweighs, and rebills. In the process of becoming an official government contractor, Warp will strategically align its technology, teams, and network to meet government needs while identifying opportunities for collaboration.
Many shippers that Warp has helped were previously paying for full truckloads without fully utilizing the space. Additionally, shippers relying on LTL services before switching to Warp often faced hidden fees, surprise surcharges, and unexpected rate adjustments. Our research indicates that these challenges are even more widespread in U.S. government transportation contracts.
“Partnering with Warp will save the government millions of dollars through reduced empty miles, shipment consolidation, route optimization, and scalable logistics—all without requiring government-owned infrastructure,” said Warp Co-founder and CEO Daniel Sokolovsky. “This is something we’ve been working on for quite some time, and we’re thrilled to showcase Warp’s capabilities and innovative logistics solutions on a national scale,” said Warp Co-founder and CRO Troy Lester.
About Warp Warp is a technology-enabled leader in middle-mile logistics, focused on creating efficient, scalable solutions for high-density, high-demand supply chains. By connecting shippers, carriers, and warehouses through an integrated platform, Warp delivers innovative freight technology solutions that prioritize efficiency, sustainability, and customer satisfaction. With a suite of tech-driven offerings, including real-time tracking, cross-docking, and route optimization, Warp provides unmatched reliability, visibility, and transformative impact in logistics and supply chain management.
For more information on how Warp can enhance your logistics network, visitwww.weareWarp.com.
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Toyota Material Handling and Toyota Material Handling MidSouth partner to donate 5,000-pound-capacity pneumatic forklift at Concrete Industry Management’s annual charity auction.
The forklift’s winning bid of $40,000 significantly contributed to the auction’s total proceeds of $2.15 million, supporting CIM’s mission to address the growing demand for skilled professionals in the concrete industry. Offered at five universities, CIM equips students with technical, communication and management expertise, preparing them for successful careers in a rapidly evolving industry. Proceeds from the auction are used to assist CIM in funding higher education programs that offer degrees in concrete industry management.
“Toyota is proud of our dealership, Toyota Material Handling MidSouth, for their commitment to philanthropy and the future development of our industry and workforce,” said Bill Finerty, President and CEO of Toyota Material Handling. “We are extremely proud to partner with MidSouth on this forklift donation. With Toyota’s local and national involvement, we hope to highlight the incredible impact of the Concrete Industry Management’s annual charity auction.”
“Toyota embodies the belief in supporting local communities and the future of others,” said Nick Edwards, TMH MidSouth Sales Manager. “TMH Midsouth is grateful for the opportunity to support a new generation that shapes the communities and industries we serve.”
This donation builds on Toyota’s legacy of giving back. Previously, TMH MidSouth has supported regional non-profit food banks, Goodwill Industries and flood victims of East Tennessee, further solidifying Toyota’s commitment to creating a positive and lasting impact in the communities it serves.
By supporting programs like CIM, Toyota reaffirms its commitment to strengthening communities and empowering future professionals and supporting education programs that pave the way for tomorrow’s workforce.
Learn more about Toyota Material Handling’s philanthropic initiatives here.
About Toyota Material Handling
Toyota Material Handling offers material handling products and solutions, including forklifts, reach trucks, order pickers, pallet jacks, container handlers, automated guided vehicles, and tow tractors, along with aerial work platforms, fleet management services, and advanced automation engineering and design. Toyota’s commitment to quality, reliability and customer satisfaction, the hallmark of the Toyota Production System, extends throughout more than 230 locations across North America. With access to an industry-leading lineup of material handling products, Toyota dealers are uniquely positioned to help solve wide-ranging challenges in warehousing and distribution. Built for every application, Toyota can provide the most complete set of solutions for material handling, automation, energy, advanced logistics, and warehouse optimization. For more information or to learn more, visit ToyotaForklift.com.
About Toyota Material Handling MidSouth
Toyota Material Handling MidSouth is a full-service dealer for Toyota Material Handling North America, the leading forklift manufacturer. With locations across Tennessee, Kentucky, Georgia, and Alabama, TMH MidSouth delivers comprehensive material handling solutions, including new and pre-owned equipment, rentals, warehouse supplies, and maintenance services. Committed to enhancing efficiency and productivity, TMH MidSouth provides businesses with reliable, innovative solutions backed by the trusted quality and performance of Toyota forklifts. For more information, visit TMHMidsouth.com.
JACKSONVILLE, Fla., Jan. 27, 2025 /PRNewswire/ -- 2,750 miles away from Silicon Valley, Matthew Chang, founder of Chang Robotics, today announced his next business venture: TheChang Robotics Fund. The Fund is targeting a $50M raise to address the numerous needs and market opportunities the Chang Robotics engineering team identified in their daily operations by investing in disruptive technologies designed to confront the industry's most urgent challenges—from labor shortages to energy efficiency to environmental remediation. By utilizing innovative intellectual property and the engineering and management expertise of Chang Robotics, the Fund seeks to scale its targeted innovations into impactful, transformative, and profitable businesses.
Global industries, from manufacturing to healthcare, face mounting pressures such as intensifying global competition, workforce constraints, escalating expenses, and the urgent need for environmental restoration. Tackling these issues demands a new paradigm of intelligent automation, energy efficiency, and sustainable innovation.
The Fund's investments target early-stage innovators in smart manufacturing, robotics, industrial AI, and energy transformation, developing localized solutions with global applications.
“We don't just fund innovation—we build the industry leaders of tomorrow.”
The idea for the Fund was inspired by Matthew Chang's track record of collaborating with talented startups and investing in them using Chang Robotics engineering expertise. "Our company has a strong ability to spot ideas with real potential," said Chang. "Through The Chang Robotics Fund, we're investing in startups that will shape the future of their industries. I'm confident the companies we support will achieve great success in the years ahead."
The Fund team is a conglomerate of experts from various fields, bringing an unparalleled diversity of wisdom to this project. Matthew Chang, the General Partner, is joined by Dr. Don Capener, Fund Strategist, Forrest Hayes Jr., Fund Director, Robert Sterling, Chief Financial Officer, and Phil Hudgens, Fund Controller. Their fields of experience include asset management, serial entrepreneurship, engineering, venture capital, academia, corporate M&A, and investment banking, amongst others. Their ventures have reached across global markets—spanning the US, Europe, Africa, the Middle East, and Asia-Pacific—demonstrating a deep understanding of diverse markets and economies.
The key to the success of this fund lies in the unique relationship that Chang Robotics has with each potential portfolio company. Whether it is engineering, robotics automation, or consulting, Chang Robotics will work with each portfolio company to ensure their innovations come to life. When asked about this concept, Forrest Hayes, Fund Director, said, "Those relationships with our investment companies, along with the insider knowledge we gain, are critical. Matthew has the vision to harness the intellectual property and capital to conceive a product that fits into the market and will lead to substantial returns for our stakeholders."
On January 29th at 2:00 pm EST. Matthew Chang will join Robert Sterling, CFO and friend of the Fund, to share more of the story behind the Chang Robotics Fund and dive into the trends reshaping automation and investment. If you are interested in investing or simply hearing more about the Fund's vision, you can register here.
About Chang Robotics Chang Robotics is a DBE-certified engineering firm at the forefront of advanced manufacturing, collaborative robotics, and disruptive automation. Founded in 2017, Chang Robotics has rapidly grown, delivering innovative, data-driven solutions, including some of the world's largest autonomous systems. Recognized as one of Fast Company's 2024 Best Workplaces for Innovators, the company revolutionizes supply chain automation and enhances workforce productivity through human-focused robotics. With a commitment to sustainability and cutting-edge technology, Chang Robotics empowers businesses across manufacturing, government, healthcare, and beyond. More information is available at ChangRobotics.ai and on LinkedIn.
Miami, FL – January 28, 2025 – Magaya Corporation, the leading freight management platform for logistics service providers (LSPs), today released a report detailing the state of digitization in freight forwarding and the divide that presently exists between shipper expectations and forwarder capabilities.
In November 2024, independent research firm Adelante SCM and Magaya surveyed executives in the logistics services industry, as well as supply chain and logistics executives from manufacturing, retail, and distribution companies. The research found a substantial gap between what the shippers expect in terms of technological capabilities and what their logistics service providers currently offer.
“Shippers are clear in their expectations: they want visibility, ease of use, and fast response times from their LSPs. Those that fail to meet the technology expectations of their customers are highly likely to lose business moving forward, while the ones that meet or exceed customer expectations will grow and gain market share,” said Adrian Gonzalez, Adelante SCM CEO. “As one respondent shared, ‘we have some logistics partners who have best-in-class technology, while others lag behind with limited visibility and delays in messaging. We're actively working to rid ourselves of the latter.’”
Key findings of the report include:
●90% of shippers said that technological capabilities are extremely or very important when evaluating and selecting 3PLs/freight forwarders.
●Real-time shipment tracking, integration capabilities, and automated documentation and compliance were the top three most requested technological capabilities shippers want from their LSPs.
●Only 23% of the freight forwarders surveyed have digitized more than 75% of their overall business processes/transactions. Less than 40% are using a freight forwarding management system.
●Improving productivity/efficiency is the main driver for digitization among freight forwarder respondents, followed by improving customer experience and lowering costs.
“This report highlights a critical gap between shipper expectations for digitization and what many forwarders currently deliver, which presents an incredible opportunity for forwarders to differentiate themselves, “ said Gary Nemmers, Magaya CEO. “By leveraging innovative solutions like the ones Magaya offers, forwarders of any size can not only close the gap, but exceed expectations with better visibility, ease of use, and faster service. There's plenty of room to compete for those willing to embrace smarter technology strategies.”
Adrian Gonzalez will join Magaya on February 25 at 2 P.M. ET for a deep-dive webinar to review the report findings and explore strategies forwarders can implement to close the expectation gap. Click here for more information.
About Adelante SCM
Adelante means “forward” or “move ahead” in Spanish. We chose this as our name because we are moving supply chain and logistics leadership forward by making it easier for industry professionals to share ideas, knowledge, and advice with each other. Our services include Talking Logistics, an online video talk show and blog featuring thought leaders and newsmakers in the supply chain and logistics industry. And Indago, a community of supply chain and logistics practitioners who are committed to sharing practical knowledge and advice with each other in a trusted and confidential manner — while giving back to charitable causes that make an extraordinary difference in lives every day. Visit adelantescm.com to learn more.
About Magaya
Magaya, the number one freight management platform for logistics service providers, is Moving Freight Forward with a Digital Freight Platform that optimizes the entire origin-to-destination supply chain through flexible, interoperable, and modular cloud-based software. Whether used together as an integrated suite or independently, Magaya solutions enable businesses of all sizes to simplify complex logistics processes, enhance the customer experience, and grow revenues alongside profits. At Magaya, we are passionately devoted to our customers’ success and don’t hesitate to go the extra mile. There are no limits to your growth with Magaya. Visit magaya.com to learn more.
Atlanta, GA – ORTEC, a leader in advanced analytics and optimization solutions, is excited to announce its membership in the Wine and Spirits Wholesalers of America (WSWA), the only national membership organization dedicated to wine and spirits distributors.
“Joining WSWA is an important milestone for ORTEC toward our goal to become a trusted technology partner to wine and spirits distributors,” said Mat Witte, CEO of ORTEC Americas. “We envision a future of collaborating with fellow members to drive innovation and optimize operations that benefit their business, their customers, and the industry as a whole.”
As a member of WSWA, ORTEC is committed to leveraging its expertise in advanced analytics and optimization to support the goals of the wine and spirits distribution industry. This collaboration will enable ORTEC to share insights and innovative solutions that can help streamline loading and delivery while improving efficiency across the sector.
About ORTEC ORTEC is a leading provider of advanced analytics and optimization solutions, dedicated to helping organizations enhance their operational efficiency and decision-making processes. With a strong focus on innovation, ORTEC leverages cutting-edge technologies and data-driven insights to address complex challenges across a number of industries, including logistics, manufacturing, and healthcare. The company’s commitment to continuous improvement and collaboration with clients enables businesses to optimize their resources, reduce costs, and drive sustainable growth. By integrating advanced analytics into their operations, ORTEC empowers organizations to make informed decisions that lead to transformative outcomes and a competitive edge in the market. Discover more at ORTEC | NEWS.
About WSWA WSWA plays a vital role in advocating for the interests of distributors on federal, state, regulatory, and legal issues that impact the beverage alcohol industry. The organization focuses on critical policy areas, including taxation of family-owned businesses, state-based alcohol regulation, social responsibility, and impaired driving prevention. Additionally, WSWA offers programs designed to promote the careers of its members and help their businesses thrive in a diverse and dynamic industry. Learn more at wswa.org.