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Phoenix & Southwest  + Industrial  | 

Kitchell Sells Freeway Logistics Industrial Complex in Phoenix

Phoenix-based Kitchell Development sold Freeway Logistics, a Class A, 230,422-square-foot industrial and distribution complex in Phoenix to CAM Industrial Fund Acquisition, LLC for $28.6 million. Located at 3345, 3555 and 3575 S. 28th St., the roughly 18-acre development encompasses three buildings featuring 30-foot clear heights, concrete truck courts, and fully secure perimeter fencing.

CBRE’s John Werstler and Cooper Fratt represented both the buyer, an affiliate of Los Angeles-based Cohen Asset Management, Inc., and the seller.

“Kitchell developed a true first-class industrial property that responds to users’ increasing demands for high-quality product in the Airport submarket,” said Werstler. “Due to the project’s location, freeway visibility and functionality, we were able to lease the property to credit tenants.”

The property is 100% leased to four tenants with long term leases in place. It is situated along the 1-10 freeway in Phoenix’s airport submarket, offering convenient access to Phoenix Sky Harbor International Airport.

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