|
|
9/18/17
|
TA Realty paid $24.5 mil for a 266.6k sf ($92/sf) industrial portfolio in the AZ cities of Scottsdale, Arizona and Tempe. The portfolio, comprised of four industrial/flex assets, was sold by The Hewson Company.
The properties are located at 9160 S. McKemy St, 9185 and 9245 S. Farmer Ave in Tempe, and 7400 E. Tierra Buena Lane in Scottsdale. The portfolio is over 96% leased to 12 tenants across a variety of industries, including IT services, transportation, automotive and home improvement.
Mark Detmer, Bo Mills, Bill Honsaker, Steve Larsen and Ryan Sitov with JLL represented the seller in the transaction.
"Both the Tempe and Scottsdale submarkets benefit from low vacancy rates and strong rental rate growth,” said Detmer. “The quality of the assets and tenant diversity made this portfolio an exceptional opportunity for investors.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
