Staff Reports | Digital Free Press
Cushman & Wakefield arranged the recent sale of the newly renovated and upgraded University Logistics Center, a 112,300-square-foot industrial and logistics building situated atop about 9 acres found in the heart of Tempe.
The freestanding building is found at 1345 S. 52nd St. and was acquired by Setnix, an owner/occupier, Cushman & Wakefield officials tell the Digital Free Press.
Mike Haenel, Andy Markham, SIOR and Phil Haenel with Cushman & Wakefield in Phoenix represented the seller, LBA Logistics, in the transaction, according to a press release.
The buyer was represented by Todd Hamilton, SIOR of Citywide Commercial Real Estate, the release states.
The new and improved University Logistics Center features 3,500 square feet of quality office space, new 32-foot clear height through removal of the second floor, a new HVAC system, 10 new grade level loading doors, three new truck wells, a new concrete truck court, 18 new windows and storefront entry for will call, new LED lighting for the interior space and parking areas, secured parking and trailer storage, and multiple points of ingress/egress.
“This was a unique opportunity for the buyer to acquire a vacant, high-quality industrial facility with a strategic location near Phoenix Sky Harbor International Airport and the confluence of Interstate 10 and US-60, to house its operational growth,” said Mike Haenel, executive vice chair. “The property’s abundant parcel also provides future myriad options, including the potential for additional industrial development on the site.”
