Conor Commercial Real Estate and partner Globe Corporation announce the sale of AZ|60, a brand new, infill, state-of-the-art industrial project located in the heart of the Southeast Valley, in Gilbert, Arizona. U.S. Trust, Bank of America Private Wealth Management facilitated the purchase of the 225,600 SF property.

Consisting of two buildings, situated on 16 acres, AZ|60 features a 30′ clear height, ESFR sprinklers, 100% concrete truck courts, ample dock and grade level loading, and is positioned as a market leader in local amenities sought after by today’s tenants. Currently 92% leased, the property has 3 tenants with suite sizes ranging from 41,331 SF to a full building user at 120,700 SF. Steve Larsen and Bill Honsaker with JLL were the ownerships leasing representatives. Will Strong at Cushman & Wakefield represented the seller in the investment sale. McShane Construction Company served as general contractor.

“We are very excited for the sale of AZ|60,” states Sven Tustin, Senior Vice President of Conor’s Southwest Region. “Conor is proud to have developed a high quality space in a prime location, designed with future tenants in mind. This sale is consistent with our strategy to develop, lease and then sell Class A industrial buildings.” Derek Buescher, Development Manager with Conor, adds, “This disposition set a new cap rate and price per square foot records for similar product in the submarket. Both JLL and Cushman & Wakefield did an excellent job executing the team’s business plan.”

Latest News

Southeast Gateway Fully Leased in Savannah

Southeast Gateway Fully Leased in Savannah

Conor Commercial Real Estate executed two full-building leases at Southeast Gateway in Savannah, Georgia. The two-building, 1.2 million-square-foot development is now fully leased. Swiss Madison, a manufacturer of bath products, leased the 184,080-square-foot Building...

Chicago’s Biggest Women-Owned Businesses

Chicago’s Biggest Women-Owned Businesses

The McShane Companies was named the second largest woman-owned business in Chicago by Crain’s Chicago Business. The firm is the only real estate developer to appear in the list's top 25 companies. Molly McShane serves as The McShane Companies majority owner, as well...

Importance of Relationships in Today’s Economy

Importance of Relationships in Today’s Economy

Written by Vicki Mutchler, Vice President of Capital Transactions A phrase we know well as real estate professionals is, “real estate is a cyclical industry.” The funny thing is that real estate professionals (most of whom are natural optimists) hope that this phrase...

Common Ground – Summer 2022

Common Ground – Summer 2022

Common Ground - Summer 2022 The latest commercial real estate news is here. Find updates on commercial real estate trends, Conor's projects and employees. View Interactive Version Download PDF

Lotus Project – Phase II in Chandler, AZ Sold

Lotus Project – Phase II in Chandler, AZ Sold

Conor Commercial Real Estate has sold two buildings at Lotus Project – Phase II to a Chicago-based institutional investor. The newly built industrial park in Chandler, Arizona, includes three state-of-the-art advanced manufacturing and light industrial buildings...

2022 Next Generation Award

2022 Next Generation Award

Development Manager Mike Fausone received Connect CRE's 2022 Next Generation Award. The Next Generation Award honors rising stars for their accomplishments in the commercial real estate industry. As Development Manager, Mike oversees the firm’s development projects in...