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?



TEXAS/SOUTHWEST NEWS
Printer-friendly Version   Email an Associate
Nicola Crosby Real Estate Buys 110k sf Phoenix Asset

8/24/17

Nicola Crosby Real Estate has purchased Cabot Business Center, a five-story, 109.8k sf multi-tenant industrial/flex business center in Phoenix, for $11.4 mil ($104/sf). The property is located at 3802-3922 E University Dr, at 40th St.

Nicola Crosby Real Estate is a subsidiary of Nicola Wealth Management Ltd, a real estate asset management company, based in Vancouver, British Columbia, that acquires and manages properties for the SPIRE Real Estate Portfolios. This is SPIRE US LP’s first acquisition in the Phoenix market.

Darren Tappen, Peter Beauchamp, Aric Adams, Mike Kasulaitis, and Matthew Ault with Kidder Mathews represented the seller, Dunbar CBC LLC, in the transaction. Nicola Crosby has retained Kidder Mathews as the new property managers for Cabot Business Center.

“Cabot Business Center is an ideal asset for Nicola Crosby’s first purchase in Phoenix,” said Tappen. “The central location, freeway access, quality of the project, and occupancy level bodes well for the new ownership. They are looking for similar opportunities as they look to become a key player in the Phoenix market,” he said.





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