Class A Development Featuring Six Industrial Buildings Supports Southeast Valley Growth

PHOENIX, Dec. 21, 2016 – Silagi Development & Management (SDM) has broken ground on Chandler Airpark, a one-of-a-kind Class A business park to feature six single-tenant industrial buildings in Chandler, Ariz.

Working with LGE Design Build, one of Arizona’s top design build general contractors, Chandler Airpark located on Douglas Drive, just west of Stearman Drive, is scheduled for completion in April 2017. Chandler Airpark will be the only product of its kind available in the area. All other newly completed developments in the immediate area are multi-tenant industrial, flex, or office.

”Chandler Airpark is an extremely unique development unlike anything else in the southeast valley. With almost 640,000 SF of recently completed space in the surrounding area, SDM’s development represents the only single tenant opportunity for users,” according to Paul Boyle, Senior Managing Director at Cushman & Wakefield.

The single-tenant buildings will range in size from 11,187 to 22,874 SF and feature upscale speculative office buildouts, 18-20 foot warehouse ceiling clear heights and three phase 600 amp power. In addition, tenants or buyers will also have the option of adding outside storage yards and all six buildings will offer grade level loading, with two of the buildings also offering truckwell loading.

The newest project from SDM will be available for sale or lease, suitable for industrial, manufacturing and distribution users. The project is being represented by Paul Boyle, Pete Klees and Rick Danis of Cushman & Wakefield.

“Over the past two to three years the interest rates for real estate transactions have dropped to an all-time low, creating an opportunity for a buyer to save money on their investment by purchasing a building rather than leasing,” according to Moshe Silagi, President of Silagi Development & Management.

“You can rent a building for $0.78 per square foot (PSF) NNN or you can purchase a building for $139 PSF. In examining the occupancy costs of both scenarios, it’s clear the purchase option is more advantageous for users in the marketplace who are embarking on a real estate decision for their business. But the real intrinsic value of this strategy, is taking advantage of depreciation, interest and amortization. Not to mention, companies electing to purchase their building will control their own destiny and reap the benefits of equity and appreciation in a fast growing market like Chandler,” added Boyle.

*The lease scenario above assumes $0.78 NNN base rent, plus operating expenses of $0.18/psf. The purchase scenario above assumes SBA financing with 10% down, and 4% interest only payments, plus operating expenses of $0.18/psf. These terms are estimates given today’s market and lending environment, and are subject to change.  Please consult your tax advisor for additional information.

Located in the heart of the Southeast Valley, the Chandler submarket is one of Arizona’s fastest growing cities. Chandler offers resorts, world-class golf facilities, dining, premier shopping and an array of entertainment. Home to an estimated 245,000 residents, Chandler also offers affluent communities and an abundance of local job opportunities.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit or follow @CushWake on Twitter.