Tag Archives: Anthony Lydon

JLL industrial brokers make 2018 absorption predictions

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Metro Phoenix recorded a whopping 9.8 million total square feet of industrial absorption in 2017. This is the largest annual net absorption gain in Phoenix history. The total also marked the fourth consecutive year of annual net absorption in Phoenix, totaling 6.0 million square feet or more, which has not been seen since 2004-2007. The previous peak of nearly 7.9 million square feet in 2005 fell in the middle of one… Read More

Strong big box speculative construction and leasing expected in the West Valley in 2017

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Southwest Industrial Center, owned by Hines, leased by JLL

With ample land available for development and relatively low construction costs, users in the Phoenix industrial market often decide to build their own facility instead of leasing space in existing properties. However, leasing activity in existing… Read More

Phoenix’s Northwest submarket poised be the next industrial hot spot – Q2 Industrial Insight Report

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The Northwest is Phoenix’s third-smallest industrial submarket behind 51 Corridor and Scottsdale, but it is posting big activity, attracting two of the largest owner-built facilities of the year:

  • REI — A 400,000 square foot fulfillment warehouse in Goodyear
  • IRIS USA — A 384,373 western regional headquarters in Surprise

Both REI and IRIS praised the cities of Goodyear and Surprise, attributing business-friendly environments and “holistic communities” as reasons for locating in the Northwest. But the… Read More

Phoenix’s industrial market entering a new era of long-term growth

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Western Real Estate Business - AUG 2015In the latest issue of Western Real Estate Business, JLL Phoenix’s National Director Anthony Lydon discusses the great opportunities offered by the Phoenix industrial market. According to Lydon, Phoenix is “a sweet spot between West Coast ports, manufacturing in Mexico, and alongside truck and rail routes leasing product into the heart of the nation.” When you combine the market’s geographic and demographic advantages with lower-cost solutions, Phoenix is a stop contender for large corporate America companies looking to expand. … Read More

JLL Signs Walmart, Custom Bilt Holdings to ViaWest’s Tiger Industrial Center

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ViaWestTiger2ViaWest asset now 94 percent occupied with 80,635 s.f. in new deals

On behalf of ViaWest Group, the Phoenix office of JLL has closed two new leases totaling 80,635 square feet at Tiger Industrial Center in Phoenix. The two leases – to Walmart and Custom Bilt Holdings – bring Tiger Industrial Center to 94 percent occupied.… Read More

Arizona manufacturing faces mixed future

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Note: The following interview and article featuring Anthony Lydon, JLL’s Managing Director – Industrial, originally aired on 91.5 KJZZ and appeared on KJZZ.org.

Listen to the interview:

http://joneslanglasalleblog.com/Phoenix/wp-content/uploads/2014/04/Manufacturing-Down.mp3

Lydon-KJZZ

A new report highlights how manufacturing has changed in Phoenix over the last year, and what could happen as the industry comes out of the recession. The report from JLL is generally positive: The housing market is stabilizing while… Read More

New Goodyear AirPark project to be a gateway for West Coast distribution channels; represents thousands of potential new jobs

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Lincoln Property Company (LPC) and industrial specialists in the Phoenix office of Jones Lang LaSalle (JLL) have collaborated to attract corporate design/build projects to a major new, multi-employer business park named Goodyear AirPark in Goodyear, Arizona.

The announcement comes on the heels of a joint venture formed between LPC and property owner Carefree Partners Investments. LPC will be the project’s design-build developer, based on the firm’s national scope, local office accessibility… Read More