CHICAGO–(BUSINESS WIRE)–June 22, 2023–
BlueVista Capital Management (“BlueVista”) announced today that it has partnered with Kentwood Ventures to begin development of KV Casa Grande, a 314,453 square foot Class A industrial building located in Casa Grande, Arizona. Announced. Construction on the project is already underway, and he expects delivery in the summer of 2024. Phoenix-based Willmeng Construction is the general contractor for the project.
Located in Pinal County, KV Casa Grande is a rapidly growing area of Phoenix’s Southeast Valley that includes the neighboring cities of Mesa, Gilbert and Chandler. The project is located in the heart of the Casa Grande industrial submarket, with near direct access to Interstate 8 (San Diego), Interstate 10 (Phoenix/Tucson/Los Angeles) and SR85 (Mexico). Offers an efficient day of sightseeing. Travel transportation options throughout the Southwestern United States, California, Texas and Mexico. When completed, the building will be 32 feet high, with a 175-foot concrete track court, 32 dock heights of 9 feet x 10 doors, and 14 grade-level doors of 12 feet x 14 feet. The building features a tilt-up structure and paneled Thermoplastic Polyolefin Roof (TPO) roof that reflects heat for energy efficiency and is resistant to UV, ozone and chemical exposure. I have. The project is currently 15% pre-released.
Blue Vista senior vice president JP Threatlund said: “We are thrilled to partner with an established local platform, Kentwood Ventures, to develop a market-leading industrial building in one of the nation’s fastest growing counties.” is an all-new class A industrial space we bring to the Casa Grande market, catering to both incumbents expanding their operations and new entrants seeking industrial space.”
“Increased demand in the Casa Grande industrial market, with less than 1% industrial vacancy and little speculative construction on the pipeline, makes industrial space available to small and medium-sized bay tenants in the area very limited. ,” said vice president George Stellas. President of Blue Vista Acquisitions. “KV Casagrande is one of the few land lots with access to existing public facilities, which is well positioned to meet the region’s growing demand for high-grade, accessible and energy-efficient industrial leasing opportunities. in a good position.”
About Blue Vista
Blue Vista is a Chicago-based investment management firm that supports single sector and diversified real estate equity and credit strategies across a range of risks and returns. Blue Vista benefits from a vertically integrated platform, complementary strategies managed by an experienced team, and deep experience as an owner, operator and lender across all types of real estate and various markets in the United States and Canada. to investors. Since its founding in 2002, the company has invested more than $13 billion in total capital with the goal of challenging the status quo, setting high standards and introducing a relationship-based, client-focused approach to real estate investing. . Learn more about. www.bluevistallc.com.
About Kenwood Ventures
Kentwood Ventures is led by Jim Zemezonak and Kevin Dretzka, who have over 70 years of experience representing $9 billion in real estate transactions. Kentwood Ventures’ policy is to focus on developing underserved industrial products available for rent to small, medium and mid-sized tenants in established markets with strong growth characteristics. Kentwood Ventures targets a first-mover strategy after careful consideration of local supply and demand characteristics.
show source version businesswire.com:https://www.businesswire.com/news/home/20230622508150/en/
Contact: Press Alex Jeffery
Gastalter & Co.
(212) 257-4170
bluevista@gasthalter.com
Keywords: United States North America Illinois Arizona
Industry Keywords: Professional Services Commercial Building and Real Estate Finance Construction and Real Estate Asset Management REIT
Source: Blue Vista Capital Management
Copyright Business Wire 2023.
Pub: 06/22/2023 09:00 AM / Disc: 06/22/2023 09:01 AM
Copyright Business Wire 2023.
