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Racing Team Takes Down 51,779-SF Industrial Lot

PHOENIX-One of the last industrial lots in Happy Valley Commerce Park trades to a local shifter kart racer. BEKA III LLC drops $517,790 for a 51,779-sf industrial lot to house a 12,000-sf facility.

By Jennifer D. Duell | Updated on July 13, 2005

PHOENIX-A local shifter kart racer plans to build a 12,000-sf industrial building in Happy Valley Commerce Park, establishing a presence in the market for its racing team with the $517,790 purchase of a 51,779-sf lot.

To date, 11 lots have been sold in the park. The last tract is under contract, says Bob Deininger, a principal with Shea Commercial LLC. “There’s a lot of growth here so demand for product has been in line with what we thought it would be,” he says. The 13-condo park has one more available plus a pad site that could accommodate a 20,000-sf retail center.

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