Source: Cushman & Wakefield
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 533.5KSF.
“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 from El Malon Partners and 8.5 acres at the NWC of Washington Street and 83rd Avenue in Tolleson from Cohen Asset Management.
Avondale 107th will be a four-building industrial development totaling 405.7KSF. Buildings A and B will feature 107th Avenue frontage, 28’ clear height, truckwell and grade level loading, 200’ truck maneuverability and are 81.5KSF each. Buildings C and D will feature 32’ clear height, dock high/grade level loading, optional fenced/gated security and are 121.3KSF 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 127.8KSF. 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.”