Riverside @ 51st Ave

PHOENIX, April 27, 2016 – Cushman & Wakefield’s  Phoenix Industrial Team of Will Strong, Andy Markham, Mike Haenel, and Phil Haenel have been named leasing agents by Pacifica Real Estate Group for their asset at 2300 South 51st Avenue in Phoenix, Arizona. The 335,459 SF Class-A multi-tenant distribution facility is 55% leased to Frito-Lay, Discount Tire, and Nivel Parts & Manufacturing. The Phoenix Team will lease the remaining 151,376 SF to fully stabilize the asset.

“We are seeing top-shelf, general industrial multi-tenant space remain in high demand Valleywide with absorption gains of 558,000 SF in Q1,” said Markham optimistically.

The property is one of the nicest and most functional buildings in the submarket. The available space features 30’ clear height, 43 dock doors and two ramps to grade level, column spacing 56’ by 56’ and T-5 warehouse lighting. Located on 7.7 acres, the property sits 2.5 miles south of the I-10 via the 51st Avenue full diamond interchange and approximately 20 minutes from Phoenix Sky Harbor International Airport.