Cushman & Wakefield is pleased to present an exclusive opportunity to acquire Parc Germann (“the Property” or “the Project”), a 224,471 SF Class A industrial property in Chandler, Arizona. This trophy project includes two institutional-quality industrial buildings, ideally located in the popular Chandler Airpark submarket of Phoenix. The Property includes state-of-the-art features that fit tenant demand in the area exceptionally well including multiple points of ingress/egress, incredible tenant size flexibility, excellent loading, functional column spacing, ample parking and substantial power. Furthermore, the Project offers immediate access to Loop 202 and unparalleled regional connectivity.

Parc Germann is currently 100% leased to three tenants with 3.9 years of weighted average lease term remaining. The tenants are in food and fulfillment services, environmental services and electronics.

The Project is centrally located in the highly desirable Chandler industrial submarket of Metro Phoenix. The Chandler municipality has imposed strict regulations on future developments in the Chandler Airpark Innovation District, where Par Germann is located. The city is now only approving the construction of research and high-tech manufacturing facilities, while not permitting any new big-box industrial developments. Large industrial buildings will no longer be approved, and the city will prioritize smaller, flexible, and incubator-style structures for future developments in Chandler Airpark. These regulations limit the supply of industrial buildings and provide future supply protection for projects like Parc Germann. This approach aims to foster manufacturing job opportunities but will hinder the supply of competitive industrial buildings in the future.

Chandler has grown tremendously over the past few years due to strong tenant demand driven by robust population growth, affordable labor, low cost of living, a favorable business climate, and the ability to service major West Coast population centers. Parc Germann is strategically situated 0.5 miles from Loop 202, the primary freeway connecting Phoenix with the Southeast Valley, and offers convenient ingress/egress with full diamond exits at McQueen Road to the east and Arizona Avenue to the west.