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Conor Commercial, Globe Corp. Divest Arizona Facility for $27M
Rosemont, IL-based Conor Commercial Real Estate and Globe Corporation sold AZ|60 Industrial, a two-building, 225,600-square-foot facility in Gilbert, AZ for $27 million. The buyer was U.S. Trust, Bank of America Private Wealth Management, which facilitated the purchase on behalf of an unnamed family office.
Cushman & Wakefield’s Will Strong, who led the sales team, says, “AZ|60 Industrial represents the best of the best in industrial real estate: modern, functional, and developed by one of the best development partnerships in Phoenix and across the U.S.
Conor Commercial Real Estate and Globe Corporation purchased the land, leased the assets, and sold at a major premium, setting a new high watermark for product like this to trade.”
The brand-new core, state-of-the-art industrial park is located in the heart of the Southeast Valley at 1343 North Colorado St. Situated on 16 acres, the property features a 30-foot clear height, ESFR sprinklers, 100% concrete truck courts, ample dock and grade level loading.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition