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Time Equities Expands in AK with $9M Anchorage Acquisition
Time Equities, Inc. (TEI) has acquired an industrial site at 501 West 58th Avenue in Anchorage, Alaska, for $9.1 million. The purchase marks TEI’s fourth property in the Anchorage area, bolstering its growing portfolio in the region.
TEI’s in-house team, including Ami Ziff, Jonathan Kim, Grant Scott, and Eli Smith, facilitated the acquisition. The seller, 58TH Avenue Warehouse LLC / Chugach Alaska Corporation, was represented by Eric Sobolik of Jack White Commercial.
“This acquisition of 501 West 58th Avenue represents a prime opportunity for TEI to further strengthen our presence in Anchorage,” said Ziff. “With the high demand and limited supply of industrial space in Anchorage, this property enhances our strategic positioning and long-term growth in the area.”
Spanning 2.44 acres, the site features approximately 48,001 square feet of first-floor space as well as various mezzanine and outdoor storage space. The building is fully leased to Platt Electric and Chugach Alaska.
