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Schnitzer Properties Takes On Phoenix Business Park
Schnitzer Properties purchased the Westech Business Center I & II, a 225,333 square foot complex made up of seven buildings. The multi-tenant property is located near Sky Harbor Airport. The light industrial project has 51 tenants and was 99% leased at the time of the sale.
The seller was LBA Logistics, a national owner and operator of industrial buildings. Will Strong led a team from Cushman & Wakefield representing the seller.
Schnitzer Properties owns and operates more than 30 million square feet of property in six states. They currently have over 2 million square feet of commercial property under development in the Phoenix area as well as Tucson.
- ◦Sale/Acquisition
