WREN Portfolio

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Wholesale Flooring
8855 N. Black Canyon Hwy
~21k SF building on 1.29 acres is a small-bay industrial/IOS facility
Tempe Business Center
1320 W. Auto Drive
~53k SF small-bay, advanced manufacturing HQ facility
Cabinets 4 Less
4132-4140 E. Winslow Ave.
~15k SF small-bay, single-tenant industrial facility
Ranch Road IOS
1107-1121 W. Ranch Road
~3.5-acre property with warehouse, office and storage yard
Manitowoc/MGX
3637 E. Miami Ave.
~44k SF single-tenant industrial building with outdoor storage
Glen Harbor
7676 N. Glen Harbor Blvd.
Combination small-bay industrial (~76K SF) and IOS facility (~2.3AC)
Picasso Tile & Stonework
1700 W. Drake Drive
~20k SF single-tenant industrial building
Morelos Industrial
6900 W. Morelos Place
~57k SF flex industrial property with office and production space
Mohave IOS—SOLD
234 East Mohave Street
3.9-acre contractor yard with excellent freeway access

Wholesale Flooring

8855 N. Black Canyon Highway, Phoenix, AZ

$3.725M Acquisition Price

~21k SF building on 1.29 acres is a small-bay industrial/IOS facility leased to Wholesale Flooring with immediate frontage to I-17

Single-tenant property operates as the tenant’s headquarters, showroom, warehouse and outdoor storage facility.

Key Property Highlights

  • 1.29 acres including fenced storage yard​
  • 24’ clear heights with 1 oversized grade-level door and 1 dock-high door
  • Convenient access to I-17 (frontage) and equidistant to I-10 and Loop 101
  • Located near the Metrocenter Mall redevelopment, an $850M mixed use community expected to begin opening in 2027

Tempe Business Center

1320 West Auto Drive, Phoenix, AZ

$9.2M Acquisition Price

~53k SF building is a small-bay manufacturing headquarters facility just 1 mile from 1-10

Located within Tempe Business Center, this flexible small-bay industrial facility with office space features ample room for climate-controlled manufacturing, distribution or assembly.

Key Property Highlights

  • 24’-26’ clear heights with 2 dock doors and 2 grade-level doors
  • Advanced manufacturing power capacity of 3,600 amps (expandable to 4,000 amps) plus onsite gas
  • Fully air conditioned
  • Nearby access to I-10 and US-60, and 10 minutes to Phoenix Sky Harbor Airport

For leasing information, visit the property website or contact Keri Scott at Colliers.

Property to be contributed to WREN Industrial Opportunity Fund I following lease stabilization.

Cabinets 4 Less

4132-4140 E. Windlow Ave., Phoenix, AZ

$3.125M Acquisition Price

~15k SF small-bay, single-tenant industrial facility near Phoenix Sky Harbor International Airport with excellent proximity to key transportation corridors

Flexible small-bay, single-tenant industrial facility with 5,800 SF of warehouse space and 9,500 SF of office leased to Cabinets 4 Less.

Key Property Highlights

  • At closing, the tenant entered into a new 10-year lease with annual rental increases, plus two 5-year renewal options (sale-leaseback)
  • 18’ clear heights with 5 grade-level doors  
  • Recent tenant CapEx improvements 
  • 0.55-acre lot with adjacent parking 
  • Close proximity to Sky Harbor International Airport with immediate access to I-10, SR-143 and Loop 202 freeways 

Ranch Road IOS

1107-1121 W. Ranch Road, Tempe, AZ

$6.2M Acquisition Price

~3.5-acre property with warehouse, office and storage yard located 0.5 miles from I-10

Located within the Tempe industrial submarket, this flexible small-bay industrial facility features a warehouse, free-standing office and 2-acre storage yard. Ideal for companies needing a professional office for employees and visitors, a separate secured warehouse for storage or assembly of products, and a partially paved yard for equipment storage or parking.

Key Property Highlights

  • 3.5-acre lot with partially paved yard
  • Fenced with automatic gate and a camera system throughout
  • Recently renovated building (fully remodeled office and new warehouse roof)
  • Convenient loading access with 7 grade-level doors and 1 truck well
  • Nearby access to I-10 and only 10 minutes from Phoenix Sky Harbor International Airport.

For leasing information, contact LevRose.

Property to be contributed to WREN Industrial Opportunity Fund I following lease stabilization.

Manitowoc / MGX

3637 E. Miami Ave., Phoenix, AZ

$14.65M Acquisition Price

~44k SF industrial building with a 1-acre outdoor storage yard leased to The Manitowoc Company and is occupied by wholly owned subsidiary MGX Equipment Services

Located in the South Phoenix Airport submarket, this is a highly desirable location given its convenient access to the nearby 1-10 and SR-143 interchanges, a strong labor pool and limited land for future development.

Key Property Highlights

  • ~9 years remaining lease term at time of acquisition with 4% annual rent bumps 
  • NNN lease with NYSE credit tenant 
  • 3.09-acre lot with paved yard 
  • 30’ clear heights with 5 dock doors and 4 drive-ins 
  • Recent significant tenant investment (~$500k), plus updated interior and new roof in 2023 
  • Excellent freeway connectivity with immediate access to both the I-10 & SR-143

Glen Harbor

7676 N. Glen Harbor Blvd., Glendale, AZ

$12.3M Acquisition Price

Combination small-bay industrial (~76.4K SF) and IOS facility (~2.3AC) leased to Ozzies, Inc. 

Strategically positioned property within the Glendale industrial submarket encompasses an enclosed warehouse, moderate-sized office and an adjacent ~2.3-acre storage yard. The warehouse can accommodate intense industries involving manufacturing, warehousing, assembly and storage, while the outdoor yard can be used for storage, mechanical and chemical processes, and parking of large-scale machinery.

Key Property Highlights

  • Recently completed 10.5-year lease with two 5-year renewal options
  • 7.67-acre lot with paved yard
  • 24’ clear heights with 6 dock doors and 3 grade-level doors
  • Heavy power (2,400 amps) with natural gas available
  • 14 new evap coolers
  • M-1 Light Industrial Zoning provides tenant flexibility
  • Nearby access (4 minutes) to West Loop 101 and the Glendale Municipal Airport

For leasing information, contact CBRE.

Property to be contributed to WREN Industrial Opportunity Fund I following lease stabilization.

Picasso Tile & Stonework

1700 W. Drake Drive, Tempe, AZ 85283

$5.0M Acquisition Price

20,420k SF single-tenant industrial building leased to Picasso Stone & Tile.

1700 W. Drake Drive is strategically located in the West Tempe industrial submarket, with easy access to I-10, US-60 and the Loop 202. Situated on 1.21 acres and recently renovated, this industrial building is leased to Picasso Tile & Stonework which uses the facility for as its headquarters and for fabrication. At close, the tenant entered into a new 10-year, NNN lease with annual rent increases.

Key Property Highlights

  • New 10-year NNN lease at COE with annual rental increases
  • 1.21-acre lot with storage area and adjacent parking
  • 16’ clear heights with 4 drive-ins
  • Recently renovated including roof, 4 AC units and 14 evap coolers
  • Immediate access to the I-10 and near US-60 and Loop 202

For leasing information, contact CBRE.

Property to be contributed to WREN Industrial Opportunity Fund I following lease stabilization.

Morelos Industrial

6900 W. Morelos Place, Chandler, AZ 85226

$11.5M Acquisition Price

~57k SF building on 3.7 acres is a flex industrial warehouse facility with production and office space.

6900 W. Morelos Place sits on 3.69 acres near the South Loop 202 and I-10 interchange in Chandler, AZ. Perfect for companies who need a professional office to support their warehouse/production operations. Renovated in 2024, the property features 28-foot clear height, heavy power capacity, five grade-level doors, one loading dock, full air conditioning and ample parking.

The property was acquired via a 1031 exchange leveraging the funds generated from the Mohave IOS disposition (acquired for $5.05 million in February 2025 and sold for $8.5 million in July 2026).

Key Property Highlights

  • 28’ clear height with 1 dock and 5 grade-level doors
  • 69-acre lot with ample parking
  • 2500 amps plus 1500 KW backup power generator
  • Fully air-conditioned facility
  • Located less than 1 mile from the South Loop 202 and I-10 interchange

For leasing information, contact Keri Scott at Newmark.

Property to be contributed to WREN Industrial Opportunity Fund I following lease stabilization.

Mohave IOS—SOLD

234 East Mohave Street, Phoenix, AZ

$5.05M Acquisition Price (Feb. 2025)
$8.5M Disposition Price (July 2026)

3.9-acre contractor yard with excellent freeway access in the Central Phoenix Submarket

This Industrial Outdoor Storage property features an outstanding central location with excellent freeway access to I-17. Acquired below replacement cost, allowing for value creation via landlord improvements.

Sales proceeds to be used in 1031 exchange for additional small-bay industrial or IOS assets.

Key Property Highlights

  • Infill location with A-1 zoning
  • Four existing buildings totaling ~31k SF plus an office
  • Recently improved asphalt/gravel IOS yard
  • Heavy power (1,600 amps)
  • Convenient access to I-17, rail facilities and Phoenix Sky Harbor International Airport

Marc is an experienced commercial real estate professional with more than 30 years of experience and a proven track record across operations, acquisitions, financing, leasing, development, and asset management. Over the course of his career, he has been involved in more than $10B in transactions spanning industrial, office, retail, multifamily, healthcare, and mixed-use assets. He is widely recognized for his ability to navigate complex situations and deliver strong outcomes through thoughtful problem-solving, clear communication and disciplined execution.

At WREN, Marc leads our operational strategy, oversees asset management and portfolio performance, partners closely with our CFO on budgeting and forecasting, supports acquisition analysis, and drives compliance and risk management initiatives. Prior to joining WREN, he held leadership roles at SimonCRE, Helix Properties, Opus West, and NorthMarq Capital. Marc earned his B.S. in Finance from Arizona State University.

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Marc on LinkedIn

Michael is an Arizona native with nearly 10 years of experience in the commercial real estate industry. Most recently, Michael spent five years with JDM Partners where he was responsible for all new acquisitions, financing, leasing, asset management, and disposition of assets exceeding 10 million SF and valued at +/-$3 billion in 40+ office, industrial, residential, hospitality and data center properties nationwide. Prior to his time at JDM, Michael also worked for Ryan Companies and Lincoln Properties as well as VEREIT, where he assisted in the underwriting and leasing of net-leased office, industrial and retail properties. Michael is a graduate of Arizona State University with Bachelor’s degree in Finance, a minor in Real Estate and a Master’s in Real Estate Development.

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Michael on LinkedIn

Jeff is an accomplished commercial real estate professional with more than 30 years of experience across development, investment, asset management and leasing for industrial, office, retail, multifamily and hospitality projects. He has held leadership positions with multiple Opus regional operating companies, Salt River Devco and most recently with ASU University Realty where he served as Chief Operating Officer and Managing Director. During his career, he has had development responsibilities for over 40 projects exceeding 6 million square feet, oversaw asset management for more than 3 million SF, and has been directly responsible for over 6 million SF of new leases and renewals. During his career, Jeff has established strong relationships with brokers, institutions, owners and managers in Phoenix and across the Southwest. Additionally, he has used his expertise and deal acumen to craft dozens of real estate joint ventures to the benefit of all parties involved. Jeff holds a Bachelor of Science degree in Real Estate from Arizona State University and is a licensed real estate broker in Arizona.

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Jeff on LinkedIn

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Kevin on LinkedIn

Kevin has over 30 years of commercial real estate industry experience. Prior to joining WREN Capital, Mr. Allen served as Chief Financial Officer for Wentworth Property Company, where he helped drive all segments of accounting, tax and finance, spanning office, industrial, self-storage and build-for-rent. At Discovery Land Company, a luxury residential private club developer, Kevin oversaw projects in Mexico, Hawaii and throughout North America. Additionally, he held financial and accounting leadership roles for Frank Residential, Opus West Corporation and SunCor Development Company, all located in Phoenix, AZ. He attended Purdue University and received his B.S. in Accountancy from Radford University. Kevin is a licensed CPA in the State of Arizona and member of the Arizona Society of CPAs.

Tom is a senior real Estate executive and board director with over 30 years of commercial real estate experience. As President/CEO of Opus West Corporation he was responsible for the development, design and construction of over 50 million SF of office, industrial, retail, and multi-family apartment and condominium projects totaling over $8 billion. As Chief Investment Officer of VEREIT (NYSE:VER), formerly Cole Real Estate Investments (NYSE:COLE), he was responsible for all real estate investment activities totaling over 125 million SF of office, industrial and retail properties, as well as joint ventures, valued at more than $32 billion. Tom received the 2012 Lifetime Achievement Award from the National Association of Industrial and Office Properties (NAIOP) and Opus West was named NAIOP Phoenix Chapter Developer of the Year 13 times. He has served as a board member for numerous real estate industry and charitable organizations over the years. Tom received his Bachelor of Science in Business Administration & Finance with a specialization in Real Estate from Arizona State University.

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Tom on LinkedIn