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Phoenix & Southwest  + Phoenix  + Industrial  | 
Santa Fe 44

Hercules Industries Scoops Up Santa Fe 44

A 140,777-square-foot vacant industrial building at 4524 N. 44th Ave. in Phoenix known as Santa Fe 44, recently sold to owner/user Hercules Industries for $18.2 million. The buyer is a national manufacturer and wholesale distributor of HVAC sheet metal products and equipment.

The buyer was represented by Bill Douglass of the Upland Group Inc. Phil Haenel, Will Strong, Andy Markham and Mike Haenel with Cushman & Wakefield in Phoenix represented the seller, BC5 LLC, in the transaction.

“This property presented a rare opportunity for an owner/user to acquire a high-quality industrial facility in Phoenix strategically positioned near freeway routes and corporate neighbors, and that also features active rail service,” said Haenel. “Phoenix’s industrial market remains robust, driven by growing demand from e-commerce as well as other industries that has led to record net absorption figures.”

Built in 2006, Santa Fe 44 is situated on 6.9 acres near Highway 60, Interstates 17 and 10, and Phoenix Sky Harbor Airport.

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Inside The Story

Mike Haenel

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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