CBRE announces the sale of a 28.4-acre parcel at 1110 N. 52nd Street in Phoenix, formerly a Motorola semiconductor manufacturing facility, to Baker Development Corporation.
CBRE’s John Werstler, Cooper Fratt and Tanner Ferrandi represented BDC.
The property – located just north of Sky Harbor International Airport on Loop 202 at the 52nd Street exit – represents one of the few new Class A industrial projects in northeast Phoenix.
BDC plans to build 800KSF of data center space or a 400KSF Class A industrial project, to be completed in 2022.
The CBRE team also represented the seller, Reich Brothers.
A recent survey of commercial real estate investors ranked Phoenix as a top-10 target among America’s metros. The Sun Belt market jumped five spots to No. 4 in CBRE’s 2021 Americas Investor Intentions Survey. (Source)