The purchase consisted of two similar sized buildings, totaling 65,000 square feet. One of the buildings, at 4587 W. McDowell was fully leased to Phoenix WinSupply. The other is being leased back to the seller of the property, JFN Mechanical. That building is at 5127 Roosevelt St. They will stay in the building as tenants. Koll Co. paid $13.7 million for the two building-portfolio.
JFN Mechanical is a plumbing contractor that works exclusively on student housing, multifamily, senior housing and hospitality construction projects. Koll Co. is a real estate operating company whose track record includes the development and acquisition of over 150 million square feet of office, industrial, retail, resort, and golf course properties over the past six decades.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.