News release

ViaWest Group acquires large industrial portfolio in Phoenix metro

Acquisition encompasses six industrial buildings expanding ViaWest Group’s portfolio by 586,915 square feet

August 15, 2023

Alli Semans

Hotels & Hospitality and Capital Markets PR
+1 330 329 6750

LOS ANGELES, Aug. 15, 2023 –  JLL Capital Markets announced today that it arranged the sale of an infill Phoenix industrial portfolio, which includes six industrial buildings totaling 586,915 square feet in the Phoenix metro. Positioned in prime infill locations within the greater Phoenix MSA, the properties represent a strategic addition to ViaWest Group's expansive portfolio. This acquisition brings ViaWest Group's owned and managed properties to over 13 million square feet across Arizona, Denver, Utah, Nevada and Southern California.

JLL represented the seller and procured the buyers, ViaWest Group and Walton Street Capital.

Among the properties acquired are four industrial buildings in Tempe: 6718 S. Harl Ave. (149,755 SF), 9160 S. McKemy St. (106,152 SF), 9185 S. Farmer Ave. (47,165 SF) and 9245 S. Farmer Ave. (47,165 SF). Additionally, the portfolio includes an industrial building in the Scottsdale Airpark at 7400 E. Tierra Buena Ln. (66,053 SF) and one in the Southwest Valley at 125 N. 67th Ave. (170,625 SF).

"We are excited to grow our industrial portfolio with such high-quality infill product – we find this segment of the market particularly attractive given the supply and demand dynamics in these strategic micro locations," said Danny Swancey, Partner at ViaWest Group.

The JLL Capital Markets Investment Sales team was led by Mark Detmer, Greer Oliver, Ryan Sitov and Connor Nebeker-Hay. The portfolio is currently 100% leased, with market leasing managed by the JLL team of Steve Larsen, Pat Harlan, Kyle Westfall, Jason Moore and Steve Sayre. Additionally, JLL assisted with the procurement of the financing led by Kevin MacKenzie, Jason Carlos and Jarrod Howard.

“We are grateful to the seller for trusting us with the disposition of their infill Phoenix portfolio. Having first sold the assets to the seller over five years ago, JLL again sold the assets on behalf of the seller’s current fund,” said Detmer. “We welcomed the full circle opportunity to act as trusted advisors from acquisition through disposition for these irreplaceable infill Phoenix assets. ViaWest and Walton Street were exceptional partners throughout the process, resulting in a smooth due diligence and straightforward closing, which had a positive outcome for both the buyer and seller.”

“ViaWest Group and Walton Street Capital’s acquisition of this infill portfolio strengthens their industrial presence in one of the nation’s top-performing markets. The portfolio provides them an excellent value-add opportunity given the WALT and in-place rents.  Additionally, the excellent freeway locations further enhance their investment,” added Oliver.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About ViaWest Group 

Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development, and property management firm. ViaWest Group is one of the fastest growing real estate investment companies in the Southwestern U.S. with over $2.8 billion in aggregate transactions since inception, 11.9+ million square feet owned, managed and under development, with offices in Phoenix and Denver. ViaWest Group is currently seeking to acquire and develop office, industrial, and multi-family buildings and land parcels in the Southwestern U.S. Visit our website or contact Mikele Keiffer at (602) 957-8300 x116. 

About Walton Street Capital, L.L.C.

Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $15 billion of capital commitments. Walton Street’s principals have collectively acquired, financed, managed, and sold over $55 billion of real estate and have an average of 22 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers.