JLL closes $9M industrial sale for Clarion

first_imgThe Phoenix office of JLL has completed the $9 million sale of 5th Street Industrial, a 110,000-square-foot industrial building at 3405-3445 S. 5th Street in Phoenix. The deal bolsters the rapid recovery of Phoenix industrial space in the 50,000 – 150,000-square-foot range, as highlighted in the first quarter Phoenix Industrial Report released last week by JLL’s local research team.JLL Managing Directors Mark Detmer and Bo Mills were the industrial capital markets brokers involved with the sale between the property seller, Clarion Partners, and the property buyer, DCT Industrial Trust. JLL Executive Vice Presidents Pat Harlan and Steve Sayre, and Associate Kyle Westfall, are the project’s local market leasing brokers.“This size and type of Phoenix industrial space is definitely outperforming the larger blocks of space in the local industrial sector,” said Detmer. “That is not to say that other blocks of space haven’t entered the recovery cycle. They just haven’t done so at this same rapid clip.”“The 5th Street Industrial asset is irreplaceable for a number of reasons,” said Sayre. “It has an excellent location west of the I-10 in the heart of the Airport submarket. It is fully leased to a long-term credit tenant, and it was priced at a point that allows the new owner, DCT Industrial Trust, to take advantage of some strong investment upside potential. This is a compelling combination.”According to JLL’s most recent research report, Phoenix’s Q1 industrial absorption—totaling 829,777 square feet—was driven primarily by users in the 50,000 – 150,000-square-foot range. Leasing activity among this user type has increased in lockstep with the recovering economy. Built in 1986, 5th Street Industrial includes 26-foot clear height, grade- and dock-level loading, and A-2 zoning on 6.55 acres.“DCT is pleased to add 5th Street to our Phoenix portfolio, a 100 percent occupied building with a credit tenant,” said Mark Bowen, Regional Vice President at DCT Industrial.  “This acquisition demonstrates DCT’s focus on continually upgrading our portfolio in our focus markets, with the acquisition of Class-A buildings in highly desirable submarkets.”For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: read more

Nyaho Nyaho-Tamakloe: Put Appiah through coaching school

first_imgA former president of the Ghana Football Association Dr. Nyaho Nyaho-Tamakloe has called on the state to honour ex-Black Stars player Stephen Appiah with a coaching course in a “very good footballing institution” that, according to him, will prepare the player to take up an appointment as Black Stars coach in the foreseeable future.“The state must reward Appiah and this must take the form of a sponsorship for a coaching course in a very good football institution to learn contemporary football management. He has done a lot for Ghana football. This obviously will make him better when he is done and maybe get to follow in the footsteps of C.K Gyamfi as coach of the Black Stars,” he said.On whether he thinks it was right for the player to announce his retirement from international football at this time of his career, he said: “taking timely and critical decisions in a way that would please everybody, is the hallmark of any good leader. A good leader knows when to leave the scene and that is what Appiah has just made”.He was of particular praise for the selfless dedication of Appiah towards the national team during his captainship, adding that aside the numerous benefits he enjoyed as captain, he gained a considerable amount of goodwill across board.“This is someone who was respected throughout: from coaches, players, football fans and the FA leadership. He qualified us for all our two consecutive World Cups including our first in Germany. He stands tall among his peers and more than anything, set a very good precedent for future captains of the Black Stars to follow. His outstanding quality on and off the field enabled him to blend with the old and new faces in the team. He was a devoted footballer who will do anything for his country to the extent that even on occasions when it seemed he was done, he came back so strong. This is an enviable feat. Not all captains are able to do that,” he concluded.Source: read more

Overwatch League events cancelled through April due to coronavirus

first_imgActivision Blizzard has cancelled all scheduled Overwatch League homestand events for March and April due to the growing scare over coronavirus (COVID-19).The news comes following the cancellation of the Paris Eternal’s April homestand following France’s nationwide ban of events with more than 1,000 attendees. Image credit: Activision Blizzard/Carlton BeenerRELATED: MSI delayed, Rift Rivals canceled amid coronavirus fears“Concurrently, we are working hand-in-hand with our teams to see that all matches are played when it’s safe and logistically feasible, staying as close to our originally planned schedule as possible,” reads a statement from Activision Blizzard. “We are considering the various options available to esports in this effort, so that all teams—including those previously impacted by scheduling changes in China—can get back to doing what they do best.”The league had previously cancelled homestand weekend events in China and South Korea, but today’s move cancels all global events on the calendar through April.RELATED: Psyonix adds $250,000 to RLCS regionals after cancelling World ChampionshipIn a series of follow-up tweets, Overwatch League commissioner Pete Vlastelica clarified that the scheduled matches will still be played in March and April, and that they will also be broadcast. However, they will no longer be live, fan-attended events spread across multiple cities.Esports Insider says: The effects of coronavirus are rippling throughout the esports industry, affecting more and more leagues and tournaments with each passing day. This is the right move for the safety of everyone involved in the league, from players to fans, and it sounds like Activision Blizzard will keep play going in the meantime.Read The Esports Journallast_img read more