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June 22, 2018
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Three-Property Industrial Portfolio Gets a New Owner after $40 Mil Sale

12/27/17

Artis REIT acquired a nine-building, 379.5k sf industrial multi-tenant portfolio for $40 mil ($105/sf). The purchase consists of three industrial parks: Rocky Mountain Business Center located in Aurora, CO; and Roosevelt Commons and Superstition Springs in Mesa and Tempe, AZ, respectively.

The portfolio is currently 92% leased to 17 different tenants across a diverse range of industries. It was sold by BPP Pacific.

Mark Detmer, Bo Mills, Ryan Sitov, Pat Harlan, Steve Sayre, Mitch Zatz and Carm Hicks with JLL represented the seller in the transaction.






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