Boston-based TA Realty LLC acquired Parc Germann, a new, 224,471-square-foot, two-building urban industrial development in Chandler. The sellers were Dallas-based Jackson-Shaw and LaPour Partners.
Delivered earlier this month, the project was 31% leased at the time of the sale. Adept Life Sciences, an industry leader in contract manufacturing of nutraceutical products, occupies 69,940 square feet in Building A, which totals roughly 92,261 square feet.
Situated on 16 acres at 2215 E. Germann Rd. in the Chandler Airport Center, the facility is strategically located, offering excellent access to all areas of the valley via Loop 202, Loop 101, and Interstate 10. The two-building development can accommodate a wide range of users and offers modern facility features including 28-foot clear heights, a front-loaded building featuring true dock high space, a full concrete truck court and outside storage.
JLL brokered the sale and Cushman Wakefield will lead property management.
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.
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