Tony Lydon and Steve Mardian, both senior vice presidents with Grubb & Ellis Co.'s industrial advisory group, tells GlobeSt.com that the building, the only one of its size with intermodal transportation facilities, came on the market after Miller Brands merged with Pearce Beverage Co. The sellers are seeking $13.5 million.
"With the merger, the property was redundant for them," says Mardian, who is handling the sale with Lydon.
Located at 17th Street and Grant Road in Phoenix, the rail-served property, situated on 13 acres about two blocks from Sky Harbor International Airport, was developed by Miller-Valentine Group, a national office and industrial developer. The brokers said the building's location offers extensive tax advantages to prospective buyers since it is situated in both an enterprise zone and a foreign trade zone.
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