Baron Properties, a Denver-based real estate firm, has snapped up West 10 Business Center, a roughly 146,700-square-foot distribution building with direct I-10 frontage in southwest Phoenix. The property at 4703 W. Brill Street features heavy loading capacity and a secured yard, and the new owner plans to market the available suites for immediate occupancy. The sale closed this month, expanding Baron’s footprint in the Phoenix industrial market, with a national brokerage set to handle leasing and initial repositioning work.
According to CoStar, the transaction was reported at about $23 million and identified Baron Properties as the buyer. CoStar’s report listed the asset as West 10 Business Center and flagged the deal to industry subscribers.
Building Specs And Leasing Plan
As detailed by Cushman & Wakefield, the facility totals approximately 146,723 square feet and can be divided into suites of about 30,000 and 42,000 square feet. The brokerage highlights 28-foot clear heights, 18 dock-high doors, three grade-level doors, and a secured yard, along with roughly 72,000 square feet being marketed for immediate occupancy. Cushman arranged the sale, has been retained as the exclusive leasing agent, and reports that Baron expects to complete about 4,800 square feet of office improvements in Q1 2026.
Where This Fits In The Phoenix Market
The purchase lands as Phoenix remains one of the nation’s busiest industrial markets, with strong leasing activity and a large development pipeline pushing more product into the market in recent quarters. CBRE and other industry reports have tracked heavy leasing and big-ticket transactions in 2024-25, even as submarkets work through new supply. That mix has kept well-located shallow-bay buildings with freeway access on investors’ radar despite broader competition.
What Comes Next For The Building
Cushman plans to market the roughly 72,000 square feet of available shallow-bay space to distribution, logistics and last-mile operators, emphasizing the I-10 visibility and flexible divisibility. How quickly the suites lease will hinge on pricing, concessions and any improvements Baron rolls out as part of its repositioning. Brokers expect marketing materials and tours to hit the market in the coming weeks as outreach ramps up.
Baron’s Phoenix Play
Baron Properties has been active across Phoenix development and ownership, a footprint that CBRE reporting has previously documented. CBRE has noted Baron’s downtown multifamily activity and the firm’s broader investment profile in the region. With West 10, Baron appears to be aiming for a straightforward formula: modest upgrades paired with focused leasing to turn a sizable block of shallow-bay space into stabilized income.
