By JLL and BEX Staff
JLL Capital Markets announced it has closed the $9.3M sale of an 18-acre prime development site for a to-be-built, two-building, 197KSF speculative industrial property in a last mile-location on West Warner in Tempe.
A vacant six-story office building on the site, which was owned by seller Honeywell International, according to media reports, will be demolished as part of the project.
JLL arranged the sale on behalf of the buyer, Opus Development Company, L.L.C. Construction is set to begin in first quarter of 2022, and the buyer has engaged JLL’s leasing team.
The site is at 1320 and 1330 West Warner Road in the southern part of Tempe, blocks from Interstate 10. This sought-after logistics location provides access to the vital transportation infrastructure for the entire Phoenix MSA.
The JLL Capital Markets Investment Sales and Advisory team that represented the buyer was led by Brian Ackerman and Connor Clark.
