Baron Properties buys seven-property Phoenix and Las Vegas warehouse portfolio
The 426,000-square-foot portfolio is fully leased to 11 regional and national occupiers, according to Connect CRE.
At a glance
The 426,000-square-foot portfolio is fully leased to 11 regional and national occupiers, according to Connect CRE.
Baron Properties bought a seven-property industrial portfolio from Piercey Realty Ventures, 426,000 square feet across Phoenix and one Las Vegas asset, Connect CRE reported on Oct.
The largest Arizona building is 1020-1030 East University Drive, 104,876 square feet on 5.26 acres, the report says.
Baron Properties bought a seven-property industrial portfolio from Piercey Realty Ventures, 426,000 square feet across Phoenix and one Las Vegas asset, Connect CRE reported on Oct. 19.
The portfolio is fully leased to 11 regional and national occupiers, and the buildings are configured for small- to mid-bay users in infill locations, according to Connect CRE. The report attributes the description of the assets, including access to regional freight corridors, to Commercial Edge. Connect CRE did not report a purchase price.
The largest Arizona building is 1020-1030 East University Drive, 104,876 square feet on 5.26 acres, the report says.
Cushman & Wakefield's Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren arranged the transaction and represented both buyer and seller, according to the report. Piercey Realty Ventures also had Lee & Associates' Phoenix team of Ken McQueen, Chris McClurg, Blake Peters and Jack Sims, and Cushman & Wakefield's Jason Griffis and Alma Cuevas in Nevada.
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