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Arizona Custom Blends Acquires NSF-Certified Facility in Tempe
ACB Properties, LLC acquired a 141,000-square-foot industrial distribution and warehouse facility in Tempe. JLL Capital Markets closed the $7.75 million sale and arranged $11.8 million in financing for a building at 2130 South Industrial Park Ave.
The buyer plans to improve the property with a new roof, cooling system and upgraded office space and intends to use the property for its business, Arizona Custom Blends. The company blends, packages and encapsulates nutraceuticals in an NSF-certified cGMP powder manufacturing facility.
JLL’s Brian Ackerman, and Carl Beardsley led the acquisition and financing teams. They secured the long-term, fixed-rate financing for the acquisition of the property and planned capital improvements with a national bank.
Ackerman says, “The buyer was attracted to this facility because of its central location with easy access to the freeway system. The buyer’s business has grown exponentially over the last three years, and this acquisition and property improvement plan will allow them to continue to expand.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition