High-rise commercial buildings

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John Werstler and Cooper Fratt

Company: 

CBRE

Leasing Total

7,782,659 square feet

Completed 95 leases totaling nearly 7.8 million square feet

Notable transactions included the 35-acre vacant Big Surf water park for $50 million

CBRE partners John Werstler (Senior Vice President) and Cooper Fratt (Executive Vice President) brokered a total of 95 industrial sales and leases totaling more than 7.7 million square feet in 2022.

One major transaction was the sale of Big Surf, a former 35.6-acre water park in Tempe, AZ. Overton Moore acquired the property for $50 million, and is planning three industrial buildings, with groundbreaking scheduled in 2023.

The duo also handled a 900,000-square-foot lease of the former Nike building in Goodyear, AZ to Unis, a Chinses 3PL company. Another notable deal involved the sale 10 acres from Park 52 at 292 near Scottsdale. The team negotiated the sale for a record-breaking $163 per land foot.

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Inside The Story

CBRE's John WerstlerCBRE's Cooper Fratt

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