The team specializes in representing and consulting owners, developers and corporate tenants who acquire, develop, and dispose of industrial real estate throughout Arizona and is recognized as a top team by the Phoenix office and by the firm globally.
The team's 2020 sales volume consisted of a total of 8.8 million building square footage for a total value of $681 million. In an unprecedented year when COVID-19 shutdown the world, this team advised their client to bring a large industrial property to-market in June, which was a challenging period when most other market activity was at a halt. The client's trust in the brokerage team and their belief it was the right time resulted in record pricing, nearly $50/SF more than the owners paid. The brokerage team hit a new record cap, beating the record they previously set. Being the first major project in market since the shutdown, this team's cognizance of demand for industrial properties opened the gates for future record sales.
When a developer calls and says it has 90-acres for a 1.5MSF spec industrial development, but it needs an equity partner willing to invest $60M and you have 30 days, most brokers likely would have passed. But this brokerage team took the challenge, pitching the opportunity to a cultivated list of investors and found partners willing, resulting in a new $135 million development.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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