The Arizona Chapter of NAIOP, the Commercial Real Estate Association, elected officers and board members for 2020 at its November board meeting, including Jim Wentworth Jr., as chairman.
The team at AZ Big Media shares people and projects to know in commercial real estate in 2019, painting a clear picture of a market becoming more diversified with adeep pool of development and talented people to push that forward.
On July 1, as the United States broke the record of 120 months of economic growth. Here in Arizona, we are seeing that growth first-hand, most notably in the development of office and industrial properties. AZRE Magazine gathers NAIOP Arizona members to learn more about what’s going on in the market.
Westcore Properties has acquired a new, 379,828-square-foot industrial building on 22 acres in southwest Phoenix, from a joint venture between Phoenix-based Wentworth Property Company and a private real estate fund managed by Dallas-based Crow Holdings Capital for an undisclosed sum.
Phoenix, AZ-based Wentworth Property Co. LLC purchased Flowing Wells Self Storage in Tucson, AZ, for $1.725 million from an unidentified seller. The facility now operates under the CubeSmart brand.
Wentworth Property Co. has completed the sale of a build-to-suit office/flex building located at 2228 W. Guadalupe Road in Gilbert. A private trust acquired the property for $9.9 million.
On behalf of Wentworth Property Company LLC, the Phoenix office of JLL has completed a $9.94 million sale of a new build-to-suit office/flex building. Built in 2019, the project features amenities to support the work in the aircraft, industrial, medical and space and defense markets.
Arizona Self-Storage Association has recently elected three new board members and re-elected seven board members, including Dave King and David Brown of Wentworth Property Company.
Graycor Construction Company has completed the final phase of 10 West Logistics Center, totaling 569,301 square feet and to be fully occupied by Amazon, who has committed to the entire building for use as a fulfillment center.
SpareFoot journalist Bruce Goldberg reports on the 2020 planned opening of a self-storage facility at 20th Avenue and Northern in Phoenix, Arizona, by Wentworth Property Company.