Overton Moore Properties Begins Industrial Real Estate Acquisition In Phoenix, Arizona, Marketplace
02/13/2014
The recently closed transaction marks OMP's first acquisition in the Phoenix market. OMP acquired this asset under its newly formed venture with Pacific Coast Capital Partners and an institutional partner.
Company officials said the venture is “committed to acquire $80 to $100 million of industrial real estate in the Phoenix market within the next two to three years. “This was an excellent opportunity to acquire a well located asset with value-add opportunity through the lease up of the existing vacancy and either developing or selling the excess land," noted Jason Hines, Vice President of OMP. "We hope this is the first of many value add acquisitions in the Phoenix market," Hines commented.
Built in 1987, the building features 30 foot clear height, dock high loading, heavy industrial A-2 zoning and a secured yard with fencing around the entire property. The property features an active Union Pacific rail spur on the west side of the site. Freeport Center is located in the heart of the Southwest Valley industrial market and is close to Interstate 10.
OMP, formed in 1972, is a privately held real estate company specializing in development, acquisition, master planning, asset management, property management, marketing, construction management and financial reporting of commercial properties. OMP has developed or acquired over 35 million square feet of office, industrial and mixed-use space in its 42 year history.
Project Announcements
Oldcastle APG Plans Lancaster, South Carolina, Operations
05/10/2025
Vantive Plans Deerfield, Illinois, Headquarters Operations
05/10/2025
SkyWest Airlines Plans Shreveport, Louisiana, Maintenance Operations
05/10/2025
Hissho Sushi Plans Rock Hill, South Carolina, Headquarters-Distribution Operations
05/09/2025
Nelson Brothers Expands Walker County, Alabama, Operations
05/04/2025
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024