ViaWest Group Sells Gilbert Industrial Property to Owner-User Buyer

The Phoenix office of JLL has completed the sale of a 13,547-square-foot industrial building in Gilbert, Arizona on behalf of ViaWest Group to an owner-user buyer. The $3,589,955 transaction represents a strategic divestiture from ViaWest's six-building industrial portfolio acquired in February 2024 and underscores a significant market trend toward ownership rather than leasing among industrial operators.

Located at 2020 W. Guadalupe Road between Country Club Road and McQueen Drive, the flex industrial property features approximately 9,500 square feet of office space and a 4,000-square-foot evaporative cooled warehouse with grade-level loading and 16-foot clear height. The building's position in southwestern Gilbert places it less than two miles from the US 60 Superstition Freeway, providing strategic access to major transportation routes.

ViaWest Group Senior Vice President Alex Hondros stated that the sale enables a successful owner-user to continue their growth trajectory in the East Valley while providing ViaWest with an opportunistic return for investors through strategic portfolio management. The transaction reflects the company's ability to identify and capitalize on immediate market needs while maintaining flexibility in its investment strategy.

JLL Vice Chairman Steve Larsen and Managing Director Jason Moore represented ViaWest Group in the sale, while Lee & Associates Principal Conner Lee represented the buyer, BAM Elite LLC. Moore noted that stand-alone flex buildings under 50,000 square feet remain in short supply throughout metro Phoenix, creating competitive conditions for available properties.

Originally marketed as a lease opportunity, the property consistently attracted purchase interest, demonstrating the strong preference among operators for ownership in the rapidly expanding East Valley market. This trend suggests that businesses are increasingly viewing real estate ownership as a strategic component of long-term growth planning rather than simply an operational expense.

The remaining five properties in ViaWest's East Valley portfolio maintain nearly 100% occupancy at locations including 955, 1171 and 1191 N. Fiesta Blvd., and 2075 and 2135 W. Obispo Ave. Only one building at 2135 W. Obispo Ave. offers 69,000 square feet available for sale or lease, with Larsen and Moore serving as exclusive brokers.

JLL's Phoenix operations completed approximately 50.5 million square feet in lease and sale transactions during 2024, representing over $2.8 billion in total transaction volume. The firm manages nearly 18 million square feet of space locally and directed 36 projects through its Project and Development Services division. For more information about JLL's market activities, visit https://www.jll.com.

ViaWest Group, established in 2003, has completed over $3.5 billion in aggregate transactions since inception and currently manages, owns, or has under development more than 12.4 million square feet of commercial property. The Phoenix-based firm maintains offices in both Phoenix and Denver and continues to seek acquisition and development opportunities across office, industrial, and multi-family sectors throughout the Southwestern United States. Additional details about ViaWest Group's investment strategy can be found at https://www.viawestgroup.com.