Gilbert Land Proposed for New Charter School Purchased for $11.25M
On December 6th, American Leadership Academy purchased 42.7 acres of land from Gabel Investments Incorporated for $11,250,000. The property is proposed for the development of a 2-story American Leadership Charter School.
60-Unit Apartment Complex in Phoenix Purchased for $5.425M
On December 2nd, Newcastle Realty Services purchased an apartment complex in Phoenix consisting of 60 units in six buildings on 2.2 acres from Momentum Brokers for $5,425,000 with $3,523,000 in new funding with Opus Bank, maturing December 1st, 2026.
Manufacturing Facility in Mesa Purchased for $3.85M
On December 5th, Industrial Springs Company purchased a 58,900 square foot manufacturing facility that includes an office, fenced yard and grade doors, from Chris Sahm for $3,850,000 with $2,138,889 and $1,711,110 in new funding with Anchor Bank.
Neighborhood Shopping Center in Avondale Purchased for $22.5M
On December 5th, Phillips Edison & Company purchased a neighborhood shopping center consisting of three multi-tenant buildings on 17.43 acres from West Valley Properties for $22,500,000 with $14,530,000 in assumed CMBS debt with US Bank, serviced by Wells Fargo and LNR Partners.