Harsch Investment Properties, a Portland-based real estate investment, development and management company, announces the acquisition of Tucson Airport Distribution Center in Tucson, Arizona. The 113,546 square foot industrial building sits on 6.4 acres with an additional 15 acres of adjacent land for future development.
“This state of the art LEED Silver Industrial Park marks our third acquisition in the Tucson Airport sub market and is a strategic move for us in the area,” said Harsch Investment Properties Senior Vice President and San Diego Regional Manager Bill Rodewald. “The fact that we can accommodate our growing tenant base in the projects currently available vacancy is a key advantage as is the potential to develop the two parcels of land for significant future expansions and build to suits.“
Formerly known as Rockefeller Distribution Center, the building is 79% leased by two tenants and is less than half a mile east Harsch Investment Properties’ fully leased 130,000 square foot Tucson Airport Center. Both tenants at Tucson Airport Distribution Center are among the state’s fastest growing businesses. Safelite AutoGlass is the nation’s largest provider of vehicle glass repair and replacements services and their Tucson warehouse allows them to provide same-day or next-day service to local customers in Arizona and New Mexico. OnTrac is a parcel logistics company with operations throughout the Western United States, arranging overnight delivery at ground rates to more than 60 million consumers.
Tucson Airport Distribution Center will be overseen by our San Diego Region and property management and leasing will be handled by Robert Glaser and Stephen Cohen of Cushman & Wakefield | PICOR Commercial Real Estate Services in Tucson.