On behalf of ViaWest Group, the Phoenix office of JLL has completed the sale of a 13,547-square-foot industrial building in Gilbert, Arizona, to an owner-user buyer. The $3,589,955 sale is part of a six-building industrial portfolio acquired by ViaWest last year and underscores a growing demand among operators to own, rather than lease, space in the metro Phoenix area.
Located at 2020 W. Guadalupe Rd., between Country Club Road and McQueen Drive, the flex industrial building includes approximately 9,500 square feet of office space and a 4,000-square-foot evaporative cooled warehouse with grade-level loading and 16’ clear height. The property sits in the southwestern portion of Gilbert, less than two miles from the US 60 Superstition Freeway, providing convenient access to major transportation routes.
The building is part of a 428,427-square-foot, six-building industrial portfolio purchased by ViaWest in February 2024. The portfolio acquisition was a strategic real estate investment in metro Phoenix’s East Valley, a region known for its quality of life and vigorous expansion in technology, advanced manufacturing, and aerospace sectors.
“This sale allows a successful owner-user to continue their growth trajectory in the East Valley, just as we have,” said ViaWest Group Senior Vice President Alex Hondros. “Identifying the immediate need for an owner-user to purchase a property allowed us to effectuate an opportunistic return to our investors by strategically exiting a piece of our portfolio.”
JLL Vice Chairman Steve Larsen and Managing Director Jason Moore represented ViaWest Group in the sale. Lee & Associates Principal Conner Lee represented the buyer, BAM Elite LLC. According to Moore, “Stand-alone flex buildings in the sub-50,000-square-foot category are in short supply in metro Phoenix. We originally brought this ViaWest property to market as a lease, but interest unfailingly trended toward buying rather than leasing. This deal involved two parties who see the long-term value in the East Valley and want to be a part of it.”
The balance of the ViaWest East Valley portfolio is nearly 100% leased at five properties: 955, 1171 and 1191 N. Fiesta Blvd., and 2075 and 2135 W. Obispo Ave. Only one building (2135 W. Obispo Ave.) has 69,000 square feet available and is for sale or lease. Larsen and Moore of JLL serve as the exclusive brokers for those properties.
In Phoenix, JLL is a market leader with over 600 industry experts offering a range of services including office, industrial, retail, healthcare, and data center brokerage. In 2024, the Phoenix team completed nearly 50.5 million square feet in lease and sale transactions, with a total transaction volume exceeding $2.8 billion. For more information, visit JLL’s newsroom.
ViaWest Group, established in 2003, is a Phoenix-based full-service commercial real estate firm. The company has completed over $3.5 billion in aggregate transactions and owns, manages, or has under development 12.4+ million square feet. For more details, visit ViaWest Group.
