Monday, September 28, 2015

Clarion Partners Purchases Six Industrial Properties in Portfolio Totaling $80 Million

Area map of Valley West II, the largest of these six industrial properties

New York-based Clarion Partners have purchased six industrial properties in Maricopa County on Friday for a total of $80 million or $62 per square foot. The assets, which are located in Gilbert and Phoenix, were sold by Myron Zimmerman Investments of Oakland California. The total acquired building area is 1,293,509 square feet and includes The Continental Tech Center, El Dorado Tech Centers I,  II & III, Valley West I & II, and The Papago Distribution Center. No new debt was recorded.

For more information on this property including complete history of all six properties as well as buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!


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