ViaWest Group has completed the acquisition of a substantial industrial portfolio totaling 428,427 square feet in Gilbert, Ariz. The acquisition solidifies ViaWest Group's commitment to strategic real estate investments in the East Valley Phoenix area.
JLL Capital Markets facilitated the transaction, representing the seller, and bringing ViaWest Group to the table as the buyer.
This portfolio is 98 percent occupied and spans 26.87 acres and comprises six buildings housing 11 tenants. Some features of the properties include clear heights ranging from 15 to 30 feet, a total of 64 dock-high doors, 23 grade-level doors and 639 car parking spaces. The properties are strategically located in Gilbert, with addresses at 955 N. Fiesta Blvd. (108,212 square feet), 1171 and 1191 N. Fiesta Blvd. (126,472 square feet), 2075 and 2135 W. Obispo Ave. (180,087 square feet), and 2020 W. Guadalupe Road (13,656 square feet).
