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.
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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.