Cushman & Wakefield’s National Industrial Advisory Group (IAG) – West and Mountain West sales teams with a combined 5-year transaction record of over US $18 billion will work together in the emerging industrial property markets of Nevada, Utah and Idaho.
Cushman & Wakefield’s IAG – West team is based in Southern California and is led by Executive Vice Chair Jeff Chiate, along with Executive Vice Chair Rick Ellison, Vice Chair Bryce Aberg, Director Mike Adey, and Associates Brad Brandenburg and Matthew Leupold. The IAG-West team’s coverage area consists of six western states, also including California, Oregon and Washington.
Based in Phoenix, Cushman & Wakefield’s IAG-Mountain West team is led by Executive Vice Chair Will Strong, and includes Executive Managing Director Phil Haenel, Managing Director Micki Strain, Senior Director Kirk Kuller and Associate Molly Hunt. The team’s coverage area includes a total of eight states, also comprising Arizona, New Mexico, Colorado, Wyoming, and Montana.
The company’s IAG-Mountain West and West teams are two of the most pre-eminent providers of industrial Capital Markets services in the United States, led by some of the country’s most renowned sales brokers.
“By aligning these two powerhouse teams through a collaborative structure, we provide clients from around the world with the best-of-the-best talent and experience to sell and/or acquire industrial property in these key thriving and growing markets,” says Dan Broderick, Cushman & Wakefield’s President of Advisory Services. “These IAG teams are also highly collaborative and do a tremendous job in partnering with other sales/leasing brokers in our local offices, adding to our ability to serve clients and these markets in the very best fashion.”
Given their regional accessibility to consumers, and particularly to major ports, transportation services, and logistical routes, the West/Mountain West markets maintain healthy occupier activity
Jeff Chiate, who is also a founding member of Cushman & Wakefield’s National Industrial Advisory Group, adds: “Given their regional accessibility to consumers, and particularly to major ports, transportation services, and logistical routes, the West/Mountain West markets maintain healthy occupier activity and demand, which continues to create great opportunity for our investor and developer clients in both the short and long term.”
Between 2018 and 2022, the IAG-West and Mountain West teams transacted 287 industrial deals totaling nearly 165 million square feet valued at US $18.5 billion. Within the past 18 months, Cushman & Wakefield’s IAG – West and Mountain West teams have transacted some of the most high-profile sales in their regions, including:
- 1,101,840-sf Class A cross-dock industrial building in California for US $365M
- new 858,901-sf Class A industrial portfolio in Arizona for a total of US $314M
- 862,113-sf industrial development in Arizona for US $208M
- New 824,320-sf industrial building sold on a forward basis in Utah for US $141M
- 730,760-sf Class A big-box industrial portfolio in Arizona for US $109.2M
- 614,020-sf multi-building distribution portfolio in California
- 602,730-sf state-of-the-art Class A core industrial project in California
- 601,103-sf iconic multi-tenant Class A industrial building in California
- new 547,290-sf Class A distribution portfolio with a Fortune 10 e-commerce tenant in Utah for US $291.5M
- New 200,800-sf distribution building with a Fortune 10 e-commerce tenant in Colorado for US $94.8M
- State-of-the-art 260,150-sf distribution building in Nevada for US $30M
- New 141,360-sf Class A industrial building with a Fortune 10 e-commerce tenant in Idaho
- 112,232-sf logistics facility with a Fortune 10 e-commerce tenant in Nevada for US $72.2M
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