GILBERT,
Ariz., Aug. 14, 2024 /PRNewswire/ -- Seefried
Industrial Properties, with development partner MDH Partners, has
acquired a 5.1-acre site in Gilbert,
Arizona, with plans to develop Fiesta Tech Center, a
state-of-the-art industrial facility spanning 59,723 square feet.
Construction is scheduled to commence in the third quarter of 2024,
with delivery expected in the second quarter of 2025.
Fiesta Tech Center, located at 1352 N Fiesta Boulevard, is
strategically positioned in Gilbert's established in-fill submarket,
approximately ¾ mile from the US60 at the Country Club Drive (SR87)
interchange. It is surrounded by a diverse industrial landscape
that includes manufacturing, storage, warehouse, and distribution
facilities. With its close proximity to major transportation routes
such as I-10, I-17, State Route 51, and the recently completed 202
South Mountain Loop, Fiesta Tech Center provides seamless
connectivity throughout the Phoenix metro area.
The facility is structured to address the dynamic requirements
of modern general and light industrial users and will feature a
28-foot clear height, 19 dock-high doors, 4 grade-level doors, and
78 parking stalls within a secure fenced site. Designed for maximum
flexibility, the new facility can accommodate tenants with space
requirements ranging from 14,930 square feet to 59,723 square
feet.
"This opportunity reflects our current strategy of finding light
industrial, infill developments that will allow us to fulfill the
increasing tenant demand for well located, functional product,"
said Jason Quintel, Senior Vice
President of Seefried Properties. "Thank you to Phil Haenel of Cushman & Wakefield and Mike Parker of CBRE for bringing
us this opportunity and we look forward to developing a successful
project with our partner, MDH Partners."
Mike Parker of CBRE will oversee
leasing and marketing efforts for the property. The project
architect is DLR Group, the civil engineer is Cole Engineering, and
Alcorn Construction is serving as the general contractor.
About Seefried Industrial Properties:
Founded in 1984
by Ferdinand Seefried, Seefried
Industrial Properties is a privately held real estate company
specializing in the development, leasing, and management of
industrial properties across the United
States. The company primarily focuses on development in core
industrial markets and build-to-suits with tenants in core and
second-tier markets. Seefried leases and manages approximately 10
million square feet for its institutional and European clients and
has developed over 200 million square feet of space valued in
excess of $18 billion across 30+
markets. Headquartered in Atlanta,
Seefried Properties extends its operational presence through
regional offices strategically located in Dallas, Chicago, Los
Angeles, and Phoenix. For
more information, please visit www.seefriedproperties.com
About MDH Partners:
MDH Partners is an Atlanta-based real estate investment company
managing its discretionary funds targeting industrial real estate
across the United States on behalf
of its institutional investors. Founded in 2005 as the successor to
a fifty-year-old local real estate development company, MDH
Partners has led and/or participated in over $6 billion (90 million square feet) of
acquisitions, developments, and asset management as an advisor and
investor. For more information, visit www.mdhpartners.com
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SOURCE Seefried Industrial Properties