Cushman & Wakefield Reps Seller in 202,941-Square-Foot Sale

PHOENIX, June 26, 2017 – Cushman & Wakefield completed the sale of Kachina Industrial Park, located at 1805-1850 W. Drake Drive in Tempe, Ariz., on behalf of Northern California-based Kieckhefer Properties. Libitzky Holdings LP of Emeryville, Calif. purchased the property for $19.1 million.

Bob Buckley, Tracy Cartledge, Steve Lindley and Ben Geelan of Cushman & Wakefield represented the seller.

Kachina Industrial Park is an eight-building, 202,941-square-foot general industrial property. The modern, high-image, multi-tenant complex is a well built, low- to mid-buildout general industrial property with flexible loading and suite configurations to accommodate a variety of tenants.

With a current occupancy of 98.7%, to high-credit tenants, Kachina Industrial Park is well located within the Tempe submarket, one of the strongest and most dynamic industrial areas in Metro Phoenix.

“The acquisition supports strong intrinsic value and stable income with the potential to boost performance by implementing a proactive rollover program focused on upgrading lease rates to market in one of the strongest markets in Metro Phoenix,” said Buckley.

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 45,000 employees in more than 70 countries help occupiers and 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 $6 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. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.