The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 26, 2019
 Search RENTV
   Go!
 Video Programs
 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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
New AZ Industrial Complex Sells for $27 Mil

3/14/19

AZ|60 Industrial, a two-building, 225.6k sf industrial asset in Gilbert, AZ, was acquired for $27 mil ($120/sf) by U.S. Trust, Bank of America Private Wealth Management, on behalf of a family office. The brand new core, state-of-the-art industrial park, situated in the heart of the Southeast Valley, was sold by Conor Commercial Real Estate and Globe Corporation.

Situated on 16 acres at 1343 North Colorado St, AZ|60 Industrial features 30’ clear height, ESFR sprinklers, 100% concrete truck courts, ample dock and grade level loading. It is positioned as a market leader in amenities sought after by today’s tenants.

Currently 92% leased, the property can accommodate up to 13 users with suite sizes ranging from 9.4k sf to a full building user at 120.7k sf. Steve Larsen and Bill Honsaker with JLL are the leasing agents on the property and will continue to lease the property going forward.

Will Strong led the Cushman & Wakefield Capital Markets team that represented the seller. According to Strong, AZ|60 Industrial sold for a record breaking price per square foot and cap rate.





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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media