Nicola Offloads 143K-SF Chandler Business Park

Cushman & Wakefield’s National Industrial Advisory Group arranged the sale of South Valley Business Park. The industrial assets total 143,813 square feet across two Class A buildings located at 1710 and 1720 East Germann Road in Chandler, Arizona.

The buildings were originally developed in 2022 as a joint venture between Hopewell Development and Nicola Wealth Real Estate (NWRE), and were subsequently acquired by Nicola Wealth as an investment property later that same year.

Cushman & Wakefield’s Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren facilitated the transaction, representing both the seller and the undisclosed buyer.

South Valley Business Park is fully leased to five tenants and benefits from modern industrial specifications designed to accommodate a wide range of manufacturing, distribution, and logistics users. EMD Electronics is a long-term tenant at the location.

The property’s direct frontage along East Germann Road and immediate access to Loop 202 provide convenient connectivity to the greater Phoenix freeway network.