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Phoenix & Southwest  + Phoenix  + Industrial  | 

ViaWest Group Divests Deer Valley Industrial Park

Phoenix-based ViaWest Group sold Bell 17 Industrial, a three-building, 70,495-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased, multi-tenant industrial park was acquired by an unnamed private investor for $8.28 million.

ViaWest acquired the well-located property in July 2015 as part of ViaWest Select Strategies Fund. It subsequently embarked on a business plan to attract and retain high quality tenants by infusing capital to revitalize the property and providing first-class customer service.

Trumark Real Estate Management Services’ Mark Trueblood represented the buyer. CBRE’s Geoffrey Turbow, Anthony DeLorenzo, Rusty Kennedy, Daniel Calihan, and Bryan Johnson represented the seller. Financing was secured by Dana Summers, Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra and Jim Korinek of CBRE Debt & Structured Finance.

Turbow says, “The property is underwritten by triple-net leases that provide exceptional ease of ownership and durable cash flow. ViaWest Group has done a tremendous job at enhancing the tenancy experience at Bell17, something new ownership intends on continuing.”

The property is located near Bell Road and I-17 at 16602 N. 23rd Ave., 16601 N. 25th Ave., and 2401 W. Phelps.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition