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CapRock Acquires 19th AZ Project
CapRock Partners acquired Longbow Industrial Park, a new two-building Class A industrial complex totaling 244,286 square feet in Mesa. CapRock acquired the 14.5-acre property from the developer, Sun State Builders, for $32 million. This is CapRock’s 19th buy in Arizona.
Longbow Industrial Park is a distribution and manufacturing facility. Both individual buildings feature a 30-foot clear height and 2,400 square feet of speculative office space. Building 1 is 129,165 square feet and includes 36 dock-high doors and four motorized grade-level doors. Building 2 is 115,121 square feet.
Longbow Industrial Park is located at the northwest corner of McDowell Road and 58th Circle, less than one mile south of Loop 202. The Boeing Company’s AH-64 Apache helicopter production facility is within a block of the property.
Stein Koss, Tom Louer, Marc Pierce and Fenton Kelly at Lee & Associates represented CapRock Partners in the purchase transaction and is leading the project’s leasing activity.
- ◦Sale/Acquisition
