Cushman & Wakefield Negotiates 248,900 SF User Sale in Sky Harbor

PHOENIX, May 18, 2017 – On behalf of Young’s Market Company of Arizona, a family-owned distributor of wines, spirits and select beverages, Cushman & Wakefield recently negotiated the purchase of 402 S. 54th Place in Phoenix for $20.5 million. The seller was Los Angeles-based Barley Equites V, LLC.

Andy Markham, SIOR, Will Strong, Mike Haenel and Phil Haenel of Cushman & Wakefield represented Young’s Market Company of Arizona. The team represented Young’s in previous site selections, including the lease at 402 S. 54th Place in 2014 and a prior distribution space at 200 S. 49th Avenue.

“As one of the leading beverage distribution companies in the country, Young’s decided to make a significant investment in the Arizona market. This centrally located facility provides for optimum distribution routes,” said Andy Markham, Executive Managing Director of Cushman & Wakefield.

The 248,900-square-foot, refrigerated/cold storage industrial building was built in 1999 and renovated in 2003. With 26 dock-high loading doors and 44 ft. clear ceiling height, the distribution asset also offers rail service by Union Pacific double-rail spur line and rail dock high loading on the south side of the building. Sitting on 18.43 acres, the property has excellent freeway accessibility with 202 freeway frontage/visibility and signage.

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.