COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE RECENT INDUSTRIAL TRANSACTIONS IN ARIZONA TOTALING 133,000 SQUARE FEET
Phoenix, Ariz: Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, presents the following completed transactions.
U.S. Fab Pipe, Inc., formerly Custom Fab, has renewed its Lease for ten (10) years for a total value of $3,269,000 at 3065 S. 43rd Avenue, Phoenix, AZ. The manufacturing building is approximately 65,000 SF, situated on 10.86 acres. Jeff Hays of CPI’s Industrial Team represented the Tenant and Cushman Wakefield represented the Landlord, Lippert Components, Inc.
Hays also represented Vinyl Visions, LLC, a California vinyl and plastics extrusion company, who plans to build a state of the art 50,000 SF manufacturing facility on 3.81 acres in the Centerpointe West Commerce Park in Prescott, Arizona. Hays commented that "John Halle, Owner, likes the Arizona business climate, especially in Prescott, compared to southern California, where they have operated for the past 15 years." The building is slated for occupancy in September 2016.
In another recently completed transaction, CPI closed escrow on a 17,800 SF industrial building in the Watkins Business Park at 5020 W. Watkins Street, Phoenix, AZ. Hays represented the Seller, Gant Enterprises, LLC in this transaction. NAI Horizon represented the Buyer, Preferred Pump & Equipment. The purchase price was $1.53mm.
About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI's listings include over 20 million square feet for sale/lease, and 166 projects under property management, totaling over 6 million square feet. Please visit our web site at www.cpiaz.com.
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