Search
 

Industrial Deals Bring One Sale, Two Leases

PHOENIX-A 25,455-sf building in Tempe sells for about $1.2 million in a transfer from Bank of America to a local investor. Meanwhile, Dexter Distributing takes 38,650 sf in Tempe while Systems Integration Plus grabs 7,133 sf in Scottsdale.

By Diana M. Rodriguez | Updated on July 11, 2003

PHOENIX-The books closed on three industrial deals, totaling more than 70,000 sf, as two leases and a sale pass final muster.

In Tempe, Grubb & Ellis/BRE Commercial LLC’s Marc Tuite, Mike Haenel and Andy Markham sold a 25,455-sf general industrial project located at 2303 W. Alameda Dr. A local investment buyer, Pete & Vicky Inc., purchased the building from Bank of America for about $1.2 million. The Grubb & Ellis team represented both the buyer and the seller in the transaction.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.