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Phoenix & Southwest  + Phoenix  + Office  | 

Artis REIT Divests Phoenix HQ Facility for $27M

Canadian-Based Artis Real Estate Investment Trust sold a 130,282-square-foot industrial manufacturing/R&D asset in Phoenix to Mapleton Investments, a Los Angeles-based family office, for $27 million. The fully-leased single-tenant facility has served for decades as the North American HQ and global training facility for ASM America, Inc., a supplier of semiconductor process equipment.

The mission-critical, building at 3440 E. University Dr. includes highly specialized improvements such as clean room space and extensive air and water filtration systems. The two-story, institutional-quality building is also near a liquid nitrogen supply line and gas storage tanks within the Southbank Business Park.

Mapleton’s Adam Nathanson says, “We are excited to complete our first commercial transaction in Phoenix and believe highly in the market fundamentals. With real estate holdings currently dispersed throughout California, Washington, Oregon, and Nevada, it is truly satisfying to plant a flag in Arizona.”

Cushman & Wakefield’s Chris Toci and Chad Littell represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Mapleton Investments’ NathansonConnect With Artis Real Estate Investment TrustConnect With Cushman & Wakefield’s Toci

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition