Shreveport, LA-based Sealy and CalSTRS, first-time partners,acquired the site at 7200 W. Buckeye Rd. from ChamberlainDevelopment LLC of Tempe, AZ in April. Winton Architects Inc. ofPhoenix designed the spec project while Sun State Builders, alsofrom Tempe, is the general contractor.

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Payson MacWilliam and Don MacWilliam, both senior vicepresidents and industrial specialists in Colliers International'sPhoenix office, have the marketing assignment and representedChamberlain when the land was sold. Don MacWilliam tellsGlobeSt.com that lease quotes range from 40 cents per sf to 45cents per sf, triple net.

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MacWilliam says a flexible design is underwriting the marketingstrategy.

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"We can be flexible in dividing it," he explains. "If we had to,we could go down to 35,000 sf for users whereas a lot of the largerdistribution buildings on the west side can't go down thatsmall."

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MacWilliam says Chamberlain Development had bought and developedclose to 70 acres in the Far West Valley with the idea ofdeveloping and selling it to build-to-suit developers. In recentyears, companies like Illinois Tool Works Inc. and FedEx Corp. havebought tracts to build their own warehouses and distributioncenters.

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"We still have another 20 acres left to develop," MacWilliamsays. "We're marketing it right now for build-to-suit." The askingprice is $7.50 per sf.

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