The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
AZ Industrial / Office Complex Purchased by Westmount Realty Capital

6/03/21

Dallas-based Westmount Realty Capital LLC bought Mountain Vista Commerce Center, a 134.7k sf flex industrial and office complex, for $17.4 mil ($129/sf). The property, sold by Northstar Commercial Partners, is situated in the prestigious Ahwatukee Foothills neighborhood of Metro Phoenix, Arizona’s Southeast Valley.

Mountain Vista Commerce Center consists of three high quality buildings situated on more than 10 acres. One of the buildings is a state-of-the-art corporate office property and the other two buildings are flex industrial properties. The multi-tenant asset was approximately 62% leased at the time of sale.

The property provides convenient freeway access and direct visibility from Interstate 10. It also benefits from a land-constrained location in the prestigious Ahwatukee Foothills area, surrounded by upscale housing, shopping, and dining.

Cushman & Wakefield’s Eric Wichterman, Mike Coover, Steve Lindley, Bob Buckley and Tracy Cartledge represented the seller in the transaction. Adam Tolson of Lee & Associates provided market leasing advisory.

“The project’s vacancy is concentrated in one building improved with cutting edge ‘plug and play’ office space that includes furniture and equipment,” noted Coover. “At the close of escrow there were significant prospective tenants pursuing the space.”





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media