SkyREM Expands National Presence with Major Acquisition in Casa Grande, Arizona

SkyREM, a notable player in the industrial real estate sector, has recently broadened its national footprint by acquiring a substantial industrial manufacturing facility known as The Confluence in Casa Grande, Arizona. This strategic acquisition involves two Class A facilities with a total area of 325,334 square feet, reinforcing the company's commitment to modern and high-performing industrial assets in rapidly growing markets.

The acquisition positions SkyREM in a promising location within the Phoenix submarket, an area recognized for its logistical advantages and fast-paced industrial growth. According to John Huguenard, Senior Managing Director and Industrial Group Co-Lead at SkyREM, the successful transition into the Phoenix market was a result of their national scope and capacity to connect across various markets. Huguenard expresses confidence that this facility will thrive under the company’s strategic vision and experienced management.

The new facilities are strategically located along the vital I-8 and I-10 logistics corridors, providing exceptional access not only to major transportation routes but also to Mexico. This accessibility is crucial for manufacturers and distributors aiming to expand their operations across the Southwest United States. Currently, both buildings are fully leased to Engineered Foam Packaging LLC. (EFP), a leader in molded protective foam packaging and cold-chain solutions, which enhances the property’s immediate viability.

Jacob Dembitzer, Vice President of Business Development at SkyREM, emphasizes that Casa Grande is an emerging industrial hub attracting significant interest due to its growth potential. He describes The Confluence as a high-functioning, mission-critical facility positioned to benefit from remarkable growth trajectories. This acquisition reflects SkyREM's broader investment strategy, which focuses on core-plus and value-add industrial properties throughout the United States, particularly in regions with strong tenant demand and robust growth prospects.

In recent months, SkyREM has further strengthened its portfolio by acquiring approximately 1.7 million square feet of industrial assets. This growth has been supported by the establishment of two new acquisition lines of credit and active capital recycling through the sale of legacy assets. James Pancetti, Vice President of Acquisitions at SkyREM, notes that this latest acquisition showcases the company’s ability to identify unique opportunities within competitive markets and to act decisively when the right asset and tenant profile come into view.

As SkyREM continues to build a diverse portfolio of institutional-quality industrial assets, it remains committed to being an active buyer in off-market opportunities located in high-growth corridors around the country. The expansion into Casa Grande illustrates SkyREM's strategic approach to capturing emerging industrial opportunities, positioning them for future growth and stability in the evolving industrial landscape.

For additional information regarding SkyREM and its expanding portfolio of properties, interested parties are encouraged to visit SkyREM's website or connect via LinkedIn. For inquiries related to investments or development efforts, relevant contacts include Jacob Dembitzer, James Pancetti, or Marc Civitillo.

Media inquiries can be directed to Marc Civitillo at SkyREM. This acquisition not only highlights SkyREM's strategic initiatives but also underlines its potential impact on the local economy and the broader industrial market in Arizona.