Cushman & Wakefield sold land and will retain leasing assignment
PHOENIX, May 14, 2019 – Eisenberg Company, a Phoenix-based development company, announced two new industrial projects delivering in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are slated to start construction this quarter and will total a combined 533,541 square feet (sf).
“We are excited to bring two first class projects online to meet the core needs of the industrial market,” said Jason Eisenberg, President of Development at Eisenberg Company.
On behalf of Eisenberg Company, Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield negotiated the purchase of the land for the two developments in two separate transactions totaling approximately 33 acres. Eisenberg Company purchased 24 acres at 107th Avenue and Pierce Street in Avondale, Ariz. from El Malon Partners and 8.5 acres at the northwest corner of Washington Street and 83rd Avenue in Tolleson, Ariz. from Cohen Asset Management.
Avondale 107th will be a four building industrial development totaling 405,656 sf. Buildings A and B will feature 107th Avenue frontage, 28’ clear height, truckwell and grade level loading, 200’ truck maneuverability and are 81,533 sf each. Buildings C and D will feature 32’ clear height, dock high/grade level loading, optional fenced/gated security and are 121,295 sf each. All four buildings will have an office to suit, 60’ speed bays, HVAC ready and LED lighting.
Washington 83 will be a single building industrial development totaling 127,885 sf. The property will feature 32’ clear height, ESFR sprinklers, 35 dock high and four grade level doors, LED lighting, HVAC ready and have four points of ingress/egress. In addition, Washington 83 can be divisible into four units if necessary.
Executive Managing Director of Cushman & Wakefield, Andy Markham stated, “Consistent demand for highly functional industrial space remains very strong in the southwest valley submarket. The Eisenberg Company has designed and is executing on that demand with these two Class A projects.”
Andy Markham, Mike Haenel and Phil Haenel of the Cushman & Wakefield Phoenix office are serving as the exclusive marketing agents for both Avondale 107th and Washington 83. Nitti Construction and Butler Design Group are the design and build team for the developments.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Eisenberg Company
Eisenberg Company is a national development company with its headquarters in Phoenix, AZ. Eisenberg specializes in commercial development, management and brokerage throughout the western US for over 70 years. Eisenberg’s core focus is retail, industrial and hotel development throughout the country. For more information on Eisenberg Company, please visit our website at www.eisenbergcompany.com.