Tag Archives: Deer Valley

Scottsdale, Deer Valley Submarkets Prevail in JLL Q1 Phoenix Industrial Report

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Growth among traditional and non-traditional industrial users continues to push the Phoenix industrial market forward. This is particularly true in Scottsdale and Deer Valley, where asking rents surged as much as 30 percent in the first quarter of the year as demand surpassed new product in Scottsdale and matched new supply in Deer Valley, according to our Q1 2017 Phoenix Industrial Insight report.

While the average asking rental rate for local industrial space is $0.50 per-square-foot,… Read More

JLL Completes $44.35 Million CSAA Insurance Exchange Sale

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CSAA - JLLOMPhoto - 7-13-15The Phoenix office of JLL has completed a $44.35 million Class B office building sale at 5353 West Bell Road in Glendale, Ariz.

JLL Senior Managing Director Dennis Desmond represented the property seller, CSAA Insurance, in the transaction along with JLL Managing Directors Rob Bickel, Mike Hochanadel, Kevin Mechelke, Tom Maloney and Vice… Read More

JLL closes $4.2M sale in quiet giant – Deer Valley industrial submarket

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16602 N 23rd Ave - 3Buyer ViaWest gains latest industrial asset with full occupancy, strong fundamentals

The Phoenix office of JLL has just closed the $4.225 million sale of Bell17 Industrial, a three-building, 70,517-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased building acquisition is the latest for the Southwest industrial property buying strategy of ViaWest Group.

“At more than 11 million square feet, Deer Valley is a subtle but powerful part of Phoenix’s industrial real estate market,” said JLL Executive Vice President Steve Sayre. “Like the Bell17 Industrial property, this inventory consists primarily of well-located, quality assets in close proximity to Interstate 17 and the Deer Valley Airport. For those two reasons alone, properties in the submarket tend to garner some of Phoenix’s higher asking rents and perform well for their owners.”… Read More