Orsett Properties acquires over 8 acres in Deer Valley’s Spectrum Ridge business park
Phoenix, Ariz. (February 28, 2018) – Orsett Properties, has acquired the last remaining 8.3 acres within the Spectrum Ridge Business Park located at 7th Street and Deer Valley Road, in Deer Valley. The acquisition includes a 2.05-acre parcel along East Lone Cactus Drive and a 6.31-acre parcel on 7th Street, just south of Deer Valley Road.
Over the last several years Spectrum Ridge has been one of the most successful and active business parks in the Valley, with nearly 500,000 square feet of industrial and office buildings constructed. Plans for the remaining acreage include the potential construction of up to an additional 100,000 square feet of new development.
Kidder Mathews brokers Eric Bell, Mike Ciosek, and Dylan Scott negotiated the transaction between Orsett Properties and Turner Development. Orsett Properties is considering several options for the property including build-to-suits for industrial uses or office buyers and tenants. For more information, contact the Kidder Mathews agents at (602) 513-5200.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with more than 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages nearly 50 million square feet of space, and conducts 1,500 appraisals annually. For more information, visit kiddermathews.com.