PHOENIX—The Phoenix office of JLL has closed the sale of The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix's up-and-coming aerospace corridor. The Hangers sold for $7 million.

Although the property is currently 100% vacant, it is being acquired by an investor with an expected commitment for approximately half of the space.

Bill Honsaker, managing director of JLL, tells GlobeSt.com, “The aviation / aerospace industry is one of the strongest science and technology sectors in Phoenix, and Gateway is showing tremendous success. This transaction signifies that. In addition, there is a major international company showing serious interest in Gateway. It's down to two choices—Gateway and another location. This company would make a significant capital investment and produce many high-level jobs. One reason the user has expressed interest in the area is the abundance of vendors servicing like-kind companies. Gateway is poised for success.