Friday, January 8, 2016

Recently Constructed Tempe Industrial Building Sells for $43 Million

Area Map

Lot 2 of the Discovery Business Campus, located west of the 101 and Elliot Road in Tempe, sold last week for $43.1 million to Watumull Enterprises of Hawaii. The sale was financed by a $30 million loan with Jefferies LoanCare.

This 237,000 square foot industrial flex building was built last year on 16.5 acres, with an additional 91,000 square feet to be added in Phase 2 at a later date.

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