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Phoenix & Southwest  + Phoenix  + Industrial  | 
Cohen Asset pays $81.7 for Glendale warehouse

Phoenix-Area Industrial Building Picked for $81.7M

US Capital Development (USCD) sold the newly constructed 599,486-square-foot Class A industrial building in Glendale. The buyer, Cohen Asset Management, paid $81.7 for Falcon Park 303-Phase I, a 100% leased building. The freestanding building is part of a larger industrial campus totaling 925,504 square feet.

A Cushman & Wakefield team led by Will Strong represented USCD in the sale. In addition, a Cushman & Wakefield Finance team led by Rob Rubano, secured $36.9 million in acquisition financing for the property.

Located at 15132 West Camelback Rd, Falcon Park 303 – Phase I is situated in a warehouse location with direct highway access to two metropolitan centers and proximity to the Sky Harbor International Airport. The location is minutes from multiple major freeways including Loop 303, Loop 101 and Interstate 17.


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About Mike Boyd

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.

  • ◦Sale/Acquisition
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