Acquisitions

Nicola Wealth Real Estate further expands their US footprint by acquiring another major industrial property in the Phoenix market

January 20, 2022
Industrial

This prime industrial property sits on 13.16 acres and features three buildings comprising 161,904 sf building 100% leased to three tenants to grow industrial portfolio in the Phoenix market.

6111 – 6215 W. Van Buren Street, Phoenix, AZ

Phoenix, AZ, January 20, 2022– Nicola Wealth Real Estate (NWRE) has acquired another industrial property situated at 6111 – 6215 W. Van Buren Street, Phoenix, AZ.   The transaction, brokered by Marty Maier and Landon McKernan of LevRose Commercial Real Estate, expands NWRE’s presence in this important US market.

The acquisition adds three existing buildings totaling 161,904 sf on 13.16 acres of land to the growing NWRE Phoenix portfolio. The property is 100% leased to three tenants.  The property is located in the well-established Tolleson neighborhood.

“This property expands our footprint in the Phoenix market, one of the fastest growing industrial markets in the US,” highlights Matthew Schaeffers, Director of Acquisitions at Nicola Wealth Real Estate.  “This acquisition represents our notable industrial base which is growing in this important US market.”

“The property is situated in the southwest industrial submarket, one of the strongest submarkets in the Phoenix MSA,” Schaeffers adds. “This is a gateway location on a high traffic east/west arterial connecting to Downtown Phoenix, Sky Harbour International Airport, Interstate 10 and Loop 202.”

NWRE continues to concentrate its growth in major US markets such as Seattle, Denver, Minneapolis, Las Vegas, San Francisco, Houston, Dallas and Phoenix with a focus on acquiring income-producing properties and executing development and value-add strategies.

To learn more about the Nicola Wealth Real Estate funds, visit realestate.nicolawealth.com


About Nicola Wealth Real Estate
Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with over $11.5 billion (CAD) of assets under management (AUM). NWRE has an experienced and innovative team that sources and asset-manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current NWRE portfolio now exceeds $7.5 billion gross asset value.

 

MEDIA CONTACTS
Victoria Emslie
Manager, External Relations
Nicola Wealth
604.484.1286
[email protected]

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