Tag Archives: Mesa

Phoenix metro sustains healthy population growth

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The Phoenix Metropolitan area reached a total of 4.8 million residents and counting at the end of Q2 2018 and is currently the 11th largest metro throughout the country.

Although the city of Phoenix will remain the major population center for the region, Chandler and Gilbert are making large strides… Read More

$7M JLL Hangar Sale Shows Phoenix Aerospace is Flying High

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Hangers-300x300Anticipates strong demand for Gateway building

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

Price Road Corridor is Hot

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NOTE: The following article featuring Dave Seeger, JLL’s Managing Director – Office, originally appeared on GlobeSt.com.

Seeger_GlobeStThe Price Road Corridor is one of the hottest commercial sectors in the Valley Metro area. And with the area 50% built out, a tipping point is not in sight. With the sector employing more than 35,000 people and expectations for 75,000, the sector is also a contributing factor to… Read More

Optimism returning to Phoenix’s Industrial market

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Honsaker-blogNOTE: 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