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Phoenix & Southwest  + Arizona  + Industrial  | 

MDH Partners Ups Industrial Holdings in Phoenix

Even though MDH Partners owns 85 assets in 20 states, Managing Director George Rowe says it’s hard to beat the Phoenix market, “Phoenix is a strategic market for us, as it now ranks second in the nation for industrial growth…it continues as a highly desirable market for tenant demand.”

The two-building acquisition of Kentwood 303, is located in Glendale, adjacent to Phoenix. One building is 143,000 square feet, the other 128,000 square feet. The project is located less than a mile from the recently completed Loop 303 and only four miles from Phoenix Sky Harbor Airport.

According to JLL, who represented the seller, the region has only a 6.5% vacancy rate, the lowest in ten years. Just a few years ago, MDH acquired 41 acres of industrial-zoned land down the street from Kentwood 303. Currently under construction, it’s expected to be delivered fully leased.

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George Rowe

About Mike Boyd

  • ◦Sale/Acquisition
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