Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Creation Jettisons Chandler Warehouses for $57M
Midway Commerce Center located in Chandler traded hands this week as Creation sold the three-building, 301,994-square-foot master-planned industrial center to Boston-headquartered Longpoint Realty Partners for $57 million.
Located on the northeast corner of Germann Road and Hamilton Street, Midway Commerce Center is a three-building light industrial business park on 18.3 acres in the heart of the Chandler Airport infill submarket.
Will Strong and Molly Hunt with Cushman and Wakefield were the brokers who handled the sale. Ken McQueen, Chris McClurg and Blake Peters with Lee and Associates supported the leasing efforts and will remain involved following the sale. LGE Design Build completed construction on Midway Commerce Center earlier this year.
Creation’s portfolio encompasses $4.5 billion of ground-up developments in major growth corridors in Arizona, Texas, California, Tennessee, New York and New Jersey. Creation has a number of new projects underway in the Valley, including Park Algodon in Phoenix.
- ◦Sale/Acquisition
