US Merchants, a North American manufacturer of consumer goods and packaging, recently bought a building that’s part of a West Valley industrial project for almost $63.9 million.
The 453,960-square-foot building is located off of Cactus and Dysart roads inside Mohr Capital’s West Summit at Surprise and will be the manufacturer’s second location in metro Phoenix.
The company was represented in the sale by CBRE’s Joey Sugar and John Grady. Meanwhile, leaders from real estate and investment management company JLL acted for Mohr Capital.
The industrial project is 42.62 acres within Summit Business Park, which is along the BNSF Railroad, and contains another building that is 250,512 square feet.
“West Summit’s business park location and adjacency to rail made it a compelling development opportunity from the start,” Mohr Capital Chief Development Officer Gary Horn said in a news release. “We designed the project to serve distribution, manufacturing and logistics companies, and US Merchants aligns perfectly with that vision. Their plan to add a rail spur further underscores how essential that capability is to select operators.”
The West Valley building that US Merchants bought has a 36-foot clear height, 60-foot speed bays, a 145-foot secured concrete truck court, 101 dock doors and four grade level doors. It can also park a total of 368 cars and 144 trailers.
In addition, it is fully air conditioned, has LED lighting and contains an office suite that is 2,951 square feet.
The company’s neighbors at the industrial project include Crescent Crown, HD Supply, REI, XPO Logistics, Walmart, SubZero and Milly.
