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Yuma Distribution Center Trades to FD Stonewater
CBRE closed the sale of the 222,554 square-foot Alside Distribution Center in Yuma, AZ to FD Stonewater, an Arlington, VA-based brokerage, investment, development and asset management firm. A CBRE team of Barry Gabel, Chris Marchildon and Dan Calihan represented the Phoenix-based seller, Merit Properties.
The property has been fully occupied by Alside since the original development of the property in 2005. Alside is a division of Associated Materials, a leading manufacturer and distributor of vinyl windows, siding and doors. The large 21.1-acre site, which provides additional expansion opportunities, is on a ground lease owned by the tenant, with 74 years remaining.
“This is a unique industrial opportunity in a strategic location with the ability to expand this longtime tenant and accommodate their potential growth plans,” said Gabel, who sold the property to Merit in 2007. “Both the buyer and seller worked together to assure a seamless and successful closing.”
- ◦Sale/Acquisition
