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
Human/sex trafficking has been an ongoing problem in this world. However, it’s a problem with a solution. JLL’s Managing Director Bill Honsaker and his wife, Jeanne, are helping to stop human trafficking with an organization called The Exodus Road. Jeanne is the Global Vice President of Advancement.
The Exodus Road focuses on global counter human trafficking, sex and labor. They gather evidence, utilize technology, support nationals and work closely with law enforcement… Read More
If you are involved in Phoenix industrial real estate or attend Greater Phoenix Economic Council events, you most likely know JLL’s Managing Director Bill Honsaker as very experienced broker willing to work hard for all of his clients. But what… Read More
Air conditioning and refrigerant company will relocate to new Southwest Valley facility
After an eight-month site selection effort led by the Phoenix office of JLL and the City of Phoenix, Daikin Applied will continue to design and manufacture advanced HVAC solutions in the Valley. In a lease signed this week, Daikin confirmed it will… Read More
The Phoenix office of JLL has just closed the $9.4 million sale of 464 E. Chilton Dr., a manufacturing/distribution facility in Chandler, Arizona that underscores the growing interest in Southeast Valley industrial investment assets.
JLL Vice President Steve Larsen and JLL Managing Director Bill Honsaker brokered the deal for the buyer, Cohen Asset Management,… Read More
One of eight new regional business and elected leaders added to board
JLL Managing Director Bill Honsaker is one of eight new members just named to the Greater Phoenix Economic Council’s (GPEC) 2015-2016 Board of Directors. An award-winning broker in the Phoenix office of JLL, Honsaker has 25 years of experience in the commercial real estate industry. In that time, he has served as… Read More
The Phoenix office of JLL has closed the $3.6 million sale of 335 South Hamilton Court, a 41,490 square foot state-of-the-art office and manufacturing facility in Gilbert, Arizona.
The buyer, Ace Vending, plans to use the facility for distribution of vending machines and items.
“With amenities such as a large fenced yard to… Read More
Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector. The venture will break ground in October with occupancy slated for April 2016.… Read More
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.… Read More
NOTE: The following post originally appeared in Western Real Estate Business Magazine.
By Bill Honsaker
Managing Director, Industrial
Jones Lang LaSalle
Compared to prior years, 2013 was a time of caution for the Phoenix industrial market. We’d just come off of three years of many large national and global users recognizing the vulnerability of Phoenix’s industrial inventory and taking advantage of those fundamentals to strengthen… Read More