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Phoenix & Southwest  + Industrial  | 

Amazon-Leased Logistics Facility in Phoenix Sells for $100M

The Koll Company and Seera Investment Bank B.S.C.(c) reportedly sold Buckeye Logistics Center in Phoenix for $98.325 million to Boston-based CrossHarbor Capital Partners. The more than one-million-square-foot distribution center is fully-leased to Amazon, which recently converted the property to accommodate its growing clothing and soft goods inventory.

The Koll Company acquired the warehouse/distribution facility in 2016 for $74.75 million. Koll and JLL’s Mark Detmer and Bo Mills worked extensively with Amazon in converting the building use and extending Amazon’s lease term for more than 10 years. In addition, The Koll Company cooperated with Amazon in their acquisition of an adjacent parcel for additional truck trailer storage.

Built in 2007, the facility at 6835 W. Buckeye Rd. initially totaled 604,678 square feet. Since then, the property has expanded significantly to accommodate Amazon’s growth requirements.

Seera Investment Bank B.S.C.(c) is a private equity firm based in the Kingdom of Bahrain.

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