Interstate Commerce Center

Cushman & Wakefield Closes Sale Transaction in Tempe

PHOENIX, May 12, 2016 – Cushman & Wakefield announced today that Interstate Commerce Center in Tempe sold to Phoenix-based investor RW Partners, LLC for $6.74 million.

Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan with Cushman & Wakefield represented the seller in the transaction, Turner Real Estate, LLC.

Located in the Tempe and Sky Harbor Airport submarkets, Interstate Commerce Center consists of five buildings totaling 83,385 sf of functional industrial space. The buildings are constructed with superior standards and offer efficient layouts and flexible build out configurations, 16- to 18-foot clear height and easily accessible loading.

“The Sky Harbor Airport and Tempe industrial submarkets are two of the most sought-after locations in metro Phoenix,” said Buckley. “Over the last 16 years occupancy in these markets has averaged over 91%, bolstering the continued desirability of property within these submarkets. As a result, Interstate Commerce Center attracted a lot of interest. RW Partners recognized the investment potential and proved to be the best match.”

Interstate Commerce Center lies just south and west of the Interstate 10’s “Broadway Curve”, which links three major freeway corridors: the I-10, the U.S. 60 and the 143 Hohokam Expressway. Immediately to the north of the center is Sky Harbor International Airport, one of the nation’s top tier airports. The 4.78-acre center was 100% occupied at the time of sale to a diverse tenancy with staggered lease expirations.

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 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 www.cushmanwakefield.com or follow @CushWake on Twitter.