November 17, 2024 12:02 pm
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Tempe office-industrial projects involved in fee sale and note sale

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Tempe – Industrial and office properties in Tempe involving more than 425,000 sq. ft. are included in a fee sale and note sale totaling more than $45 million. The transactions are unrelated with separate buyers and sellers in both deals. In a $14.32 million fee sale ($136.59 per foot), a company formed by JDM Partners LLC in Phoenix (Jerry Colangelo, David Eaton, Mel Shultz, principals) purchased a 104,836-square-foot back-office property at 8320 S. Hardy Drive. The seller was SFI 8320 Warner-Tempe LLC, a company formed by iStar Financial. The deal was brokered by Rick Lee of Lee & Associates Arizona Inc. in Phoenix. The buying entity was JDM Hardy Tempe LLC (the JDM Partners company). Financing for the acquisition was provided by Bankers Trust. The loan was arranged by James DuMars and Eric Flyckt of NorthMarq Capital LLC in Phoenix. Continue reading


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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.