Industrial remains hot in Valley as Chandler industrial park sells for $91M
CBRE
Posted at 9:47 AM, Mar 05, 2021
and last updated 2021-03-05 11:47:56-05
JLL Income Property Trust bought a four-building, Class A distribution center complex in Chandler for $91 million.
The purchase of the complex, called the Lotus Project, is the real estate investment trustâs second acquisition in the Phoenix market. It bought the Chandler Distribution Center in 2019 for $31 million.
The Lotus Project, which JLL Income Property Trust is calling the Southeast Phoenix Distribution Center, totals 474,000 square feet. The deal closed Feb. 23, according to real estate database Vizzda.
âThe broader industrial sector has proven to be resilient amid the pandemic and is on course to maintain its position as a winning property type for the foreseeable future,â Allan Swaringen, president and CEO of JLL Income Property Trust, said in a statement. âWe remain bullish on the industrial se
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Freeway closures scheduled for this weekend may change for weather
There are several weekend traffic closures throughout the Valley but are subject to change due to potential weather.
and last updated 2021-01-22 12:09:59-05
PHOENIX â There may be several freeway closures this weekend, January 22-25, according to the Arizona Department of Transportation. Schedules may change, depending on weather.
Eastbound Loop 101 (Pima Freeway) closed between Seventh Street and Cave Creek Road in north Phoenix from 10 p.m. Friday to 5 a.m. Monday (Jan. 25) for widening project. North- and southbound I-17 ramps to eastbound Loop 101 closed. Eastbound Loop 101 on-ramps at 27th and Seventh avenues also closed.
There are a couple of closures on Valley roads this weekend. Vanessa Ramirez has the details. Author: Vanessa Ramirez Updated: 7:46 AM MST January 22, 2021
PHOENIX Here’s a breakdown of the closures and restrictions you can expect to see around the Valley this weekend.
Northeast Valley
Loop 101 eastbound is closed between 7th Street and SR 51 for a widening project from Friday 10 p.m. until Monday 5 a.m. I-17 northbound and southbound ramps to Loop 101 eastbound are closed. Loop 101 eastbound on-ramps at 27th Avenue and 7th Avenue are closed as well. Drivers can consider using eastbound Union Hills Drive to SR 51 northbound to reach Loop 101 eastbound. Drivers can also use eastbound Deer Valley Road to southbound 7th Street, eastbound Union Hills Drive and SR 51 northbound.