Staff Reports | Business & Construction
A 104,300-square-foot industrial facility in Chandler has been sold to Longpoint Partners, a Boston-based real estate private equity firm.
The Class A building at 3475 S. McQueen Road was completed in 2020 within the 67-acre Chandler Airport Commerce Park and was vacant at the time of the sale. Cushman & Wakefield’s Phoenix Industrial Private Capital Group represented Longpoint Partners in the transaction, according to a press release.
The buyer was represented by Phil Haenel, Will Strong, Foster Bundy and Madeline Warren of Cushman & Wakefield. Cushman & Wakefield’s Andy Markham, Mike Haenel and Justin Smith have also been retained to provide leasing advisory services for the property.
“This transaction represents a successful outcome for the project and reflects the quality of the asset and its positioning within the Southeast Valley,” Phil Haenel, executive vice chair at Cushman & Wakefield, said.
“With modern functionality, immediate access to Loop 202 and Loop 101, and proximity to Chandler Municipal Airport, the property offers a compelling opportunity for users seeking well-located, highly functional industrial space. We’re excited to continue our involvement with the project and work alongside Longpoint Partners as they move into the next phase of leasing.”
The facility was designed to accommodate a variety of industrial users and can be divided into suites of approximately 20,000 square feet.
Features include 28-foot clear heights, a 190-foot secured truck court with a 60-foot speed bay, 23 dock-high doors and five grade-level doors. The property also offers 3,000 amps of 277/480-volt, three-phase power.
Mr. Haenel said the building’s location and functionality position it to serve a range of industrial, logistics and distribution users.
The property is found within the Chandler Airport submarket, with access to Loop 202, Loop 101 and Chandler Municipal Airport. The area has attracted advanced manufacturing, aerospace and technology companies and continues to see industrial development activity in the Southeast Valley.
