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West Valley industrial and medical office buildings sell; plus 14 other real estate deals rounded up

Thursday, January 6, 2022   /   by Juan Grimaldo

West Valley industrial and medical office buildings sell; plus 14 other real estate deals rounded up

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.

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By Staff - Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. January 23, 2022
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