PHOENIX, Apr. 9, 2025 - JLL Capital Markets announced today the sale of Sight Logistics Park, a state-of-the-art, two-building industrial development in Tempe, Arizona, on behalf of the seller, ViaWest Group. Last year, this development was recognized as Redevelopment Project of the Year by both RED and NAIOP Arizona, underscoring its exceptional transformation and market impact.
The property was originally sold by Insight Enterprises to ViaWest by Colliers International.
Completed in 2023, Building 1, located at 6840 S. Harl Ave., spans 155,916 square feet, while Building 2 at 6860 S. Harl Ave. encompasses 201,187 square feet. The award-winning development features 32-foot clear heights, 100% HVAC coverage, 66 dock-high doors, 200-foot truck court, 10 grade-level doors and 8,400 amps of power. Additionally, the property boasts 1,000 feet of frontage along Interstate 10, offering exceptional visibility and access.
The property is 88% leased to a diverse tenant roster including nVent, Daikin, Rentex and Supply Chain Solutions. Adding to its income potential, two digital billboards along I-10 are fully leased to Lamar Advertising Company, one of the largest outdoor advertising companies globally and the largest in North America.
Located in the highly sought-after Tempe submarket, Sight Logistics Park benefits from its proximity to major transportation arteries, including I-10, US 60, Loop 101 and Loop 202. The development is just 12 minutes from Sky Harbor International Airport, facilitating efficient regional and national distribution.
"This development exemplifies ViaWest's ongoing commitment to delivering exceptional industrial product in premier infill locations," said Todd Weiss, Chief Operating Officer at ViaWest Group. "From land acquisition through lease-up, Sight Logistics Park demonstrates how intentional design, construction quality and strategic market positioning drive strong investor interest and long-term value."
The JLL Capital Markets Investment Sales team was led by Senior Managing Director Ben Geelan, Senior Director Greer Oliver and Associate Connor Nebeker-Hay. The local market leasing efforts were handled by Colliers' Vice Chair Rob Martensen, Senior Executive Vice President Phil Breidenbach and Senior Associate Sam Jones.
"Sight Logistics Park represented an opportunity to acquire a core brand new, state-of-the-art, institutional quality trophy asset located in one of the highest barrier-to-entry infill submarkets of Metro Phoenix," said Geelan. "The Tempe submarket continues to outperform, with vacancy rates well below the Phoenix metro average and robust tenant demand for high-quality, mid-bay industrial space."
ViaWest was named last year as NAIOP Industrial Owner/Developer of the Year and Office Owner/Developer of the Year; the first time in Arizona history that this has occurred. It has been a multiple-year winner of both awards, as well as Firm of the Year and Best Places to Work in its 21-year history.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About ViaWest Group
Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development, and property management firm. ViaWest Group is one of the fastest growing real estate investment companies in the Southwestern U.S. with over $3.5 billion in deals since inception, 12.4+ million SF owned and managed, with offices in Phoenix and Denver. ViaWest Group is currently seeking to acquire and develop industrial, office, medical, and multi-family buildings and land parcels in the Southwestern U.S. Visit our website www.viawestgroup.com or contact Mikele Keiffer at (602) 957-8300 x116.
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