Industrial Center near 75th Ave & Van Buren Conveys for over $30 Million

Area Map

The Granite Commerce Center, which consists of over 407,000 square feet at the northeast corner of 75th Avenue and Van Buren Street, sold Thursday for $30.75 million or $75 per square foot. Cobalt Capital Partners, which was acquired by Colony Capital in January of this year, purchased the property in a cash-only sale from Texas-based Crow Holdings.

Images property of Vizzda

This distribution center consists of three single-story industrial buildings built 2001 on twenty-four acres. It includes over one hundred grade and dock doors.

Vizzda subscribers: click here for the full report.

Would you like complete propery information, history, and contacts? Vizzda has it!

Contact us for more information.

        
Sponsored by:
 

Phoenix Gateway Center Sells for $75.7 Million

Southeastern Building of Phoenix Gateway Center

Lowe Enterprises and Sweden-based Alecta Real Estate are the new owners of the Phoenix Gateway Center located at the northwest corner of Van Buren and 44^th Streets. The 434,000 square foot office complex was purchased for $75.7 million or $174 per square foot, and was financed by a $44,258,437 loan with Citizens Bank. The property consists of one 11-story building, two 4-story buildings, and three parking garages. Oaktree Capital and Pearlmark Real Estate Partners were the sellers in this transaction.

For more information on this sale, including complete property history and buyer/seller contacts visit www.vizzda.com or contact us at info@vizzda.com.