Wednesday, July 9, 2014

Jabil Circuit Manufacturing Facility Sold in Tempe

By: Paul Dionne | Vizzda

The soon-to-be-vacant manufacturing and distribution facility that served as the regional headquarters for Jabil Circuits, Inc. was sold yesterday for $11.415m or $60.73 per square foot in an all cash deal. Jabil will vacate the property over the next two to three months after announcing it would cease operations at the facility in September of last year. The buyer was Denver-based Alliance Commercial Partners through its Phoenix Director of Acquisitions, Curt Kremer. 

The property—located north of the northwest corner of the Loop 101 University Drive at 615 S River Drive—is an 193k ft2 industrial space in one building comprised of manufacturing as well as storage and distribution warehouses. The project was built in stages from 1982 to 1997 and sits on a 16.5 acre site. There are 791 parking spaces on site, three grade and seven dock doors and a fenced yard.

Jabil acquired the property in March of 2005 for $15m or nearly $80 per square foot in an all cash transaction. That purchase was pursuant to the $195m acquisition of the electronics manufacturing division of Varian, Inc by Jabil Circuits. Jabil Circuits, Inc.—a supply chain management and electronics manufacturer—was ranked 155th on the Fortune 500 with 2013 net revenue of $17.25b.

To Contact the Author:

Paul Dionne –

CORRECTION: Several errors were brought to our attention by the acquirer; the information has been corrected to reflect the true square footage, lot size, build years and parking count. We apologize for any confusion.

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