A newly constructed 405,656-square-foot class A industrial development at 107th Ave and Pierce St in Avondale has sold for $71 million.
Comprised of four buildings constructed in 2021, the multi-tenant industrial park known as Avondale 107th is 100% leased to a mix of industrial users.
Cohen Asset Management Investors was the buyer, according to Cushman & Wakefield. Avondale 107th was sold and developed by Eisenberg Company.
Executive Managing Director Will Strong, Senior Director Kirk Kuller, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group in Phoenix represented the seller in the transaction. Cushman & Wakefield’s Andy Markham, Mike Haenel and Phil Haenel provided leasing advisory ensuring that the property was fully leased prior to completion of the project.