"The location was superb to service the entire district," Tom Atkinson, with Grubb & Ellis Co.'s Phoenix industrial group, tells GlobeSt.com of the 2031 and 2032 W. Melinda property. Atkinson said it took about three months to find a property that met the school district's needs. The property is comprised of two single-story, tilt-construction buildings containing a total of 89,595 sf.

The school district rents part of the industrial space, with the balance belonging to some tenants whose leases expire in about a year. The district plans to use the buildings as its printing plant and provide warehouse space. It is also considering moving its commissary into a portion of the industrial space.

Atkinson represented the school district in the transaction. The seller, E&V Investments, LLC of Phoenix, was represented by Bob Beardsley with Southwest Commercial Brokerage, also a Phoenix brokerage firm.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.