Newsletters

Duke Expands Footprint with $9M Industrial Buy

PHOENIX-A subsidiary of Indianapolis, Ind.-based Duke Realty Corp. has acquired a 250,157-square-foot distribution building in Estrella Business Park for $8.75 million.

By Jennifer Duell Popovec | Updated on April 12, 2010

PHOENIX-A subsidiary of Indianapolis, Ind.-based Duke Realty Corp. has acquired a 250,157-square-foot distribution building in Estrella Business Park for $8.75 million. The seller was a private individual from Honolulu, doing business under the name of 1600 Broadway LLC.

Located at 1002 S. 63rd Ave. on the northwest corner of 63rd Avenue and Buckeye Road in southwest Phoenix, the building is 100 percent leased to three tenants: General Nutrition Center (GNC), Lagasse Sweet and the Arizona Department of Economic Security. It features dock-high loading capability with easy truck maneuverability, along with proximity to Interstate 10 for convenient freeway access.

Barry Gabel and Mindy Korth of CBRE’s Phoenix office handled the transaction for both parties. Gabel tells GlobeSt. that 1990s-era building was on the market for 45 days and received eight offers.

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? Sign In Now

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.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

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

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