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Phoenix & Southwest  + Phoenix  + Industrial  | 

Denver Investor Picks Up Phoenix Industrial from BKM

Denver-based DPC Companies acquired a fully-occupied freestanding industrial building in Phoenix from Orange County-based BKM Capital Partners. The 35,403-square-foot property at 2655 E. Magnolia St. traded for $2.825 million.

Situated on 2.56 acres, the single-tenant industrial building was constructed in 1984. The property is well located, with frontage on Interstate 10, and Phoenix Sky Harbor International Airport is also situated immediately across the interstate from the property.

Cushman & Wakefield’s Robert Buckley and Tracy Cartledge handled the transaction on behalf of the buyer and seller.

Buckley says, “This was a win-win situation for both sides. The Magnolia asset wasn’t consistent with BKM’s current investment strategy. They approached us to find a buyer who could accommodate their timing. We approached DPC Companies and determined that the property made for an ideal and strategic fit for their investment portfolio.”

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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.

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