GID announced the acquisition of Tempe Infill, a 131,800-plus-square-foot portfolio located in the Airport submarket of Phoenix.
The portfolio is currently 100 percent leased to seven tenants and comprises five buildings, each averaging approximately 26,000 square feet. The portfolio is also equipped with 13 dock-high doors and nine grade-level doors, with average clear heights of 13 to 20 feet. Its prime location places it within a 20-minute drive of Interstate 10, Sky Harbor International Airport, downtown Tempe and downtown Phoenix.
The Tempe Infill Portfolio has a strong history of institutional ownership and tenant demand, as evidenced by the current building conditions with little deferred maintenance required and an average in-place tenant tenure of eight years. GID plans to maintain institutional standards and keep the project fully leased.
