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Trammell Crow developing spec industrial project in Deer Valley

Posted by   /  July 2, 2014  /  No Comments

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Business Real Estate Weekly by Rose Law Group

Deer ValleyPhoenix – A joint venture formed by Trammell Crow Co in Scottsdale (Jim Mahoney, Cathy Thuringer, principals) plans to develop 219,521 sq. ft. of general industrial space within the Spectrum Ridge at Deer Valley commerce park in north Phoenix. Trammell Crow will develop the spec project in a venture with Principle Financial Group in Des Moines, Iowa. The 14.37-acre site is located just south of Deer Valley Road at the northeast corner of 7th Street and Covey Lane. Spectrum Ridge Industrial LLC (Trammell Crow venture) paid $3.852 + million to acquire the land. The seller was TOF DV Bixby LLC, a company formed by Turner Real Estate Investments in Newport Beach, Calif. (Rusty Turner, pres.). Continued

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