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.
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.