Search
 

Canadian Buyer Invests in Valley of the Sun

PHOENIX-Dalfen America Corp. of Quebec now owns a 136,000-square-foot warehouse/office acquired from Tucson-based Holualoa Cos. Cassidy Turley brokers represented the buyer.

By Amy Wolff Sorter | Updated on August 26, 2013

PHOENIX-Continuing the trend of Canadian investments in Phoenix, Westmont, Quebec-based Dalfen America Corp. (dba Mazal Tov Realty LPL) paid $7.5 million to acquire a warehouse-office property from Tucson-based Holualoa Cos. The 136,000-square-foot property is Dalfen America’s fourth buy in the region.

Cassidy Turley executive vice president Bob Buckley indicates that the building at 4707 Baseline was vacant at the time of sale, but that the new investor is enjoying “solid tenant activity” on the asset. Buckley partnered with Cassidy Turley executive vice presidents Tracy Cartledge and Steve Lindley to represent the buyer.

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.