Mesa – A German-based investment firm, with offices in San Diego, Calif. and Chicago, Ill., has added to its holdings in Mesa with the purchase of 203 acres located in close proximity to a manufacturing facility that was recently sold to a related entity of Apple Inc. Sunbelt Land Holdings L.P. in San Diego, Calif. (Robert Griffin, representative), paid just under $18.835 million to buy 203 acres located at the northeast corner of Elliot and Ellsworth roads. The seller was FR/Cal Ellsworth LLC, a joint venture company formed by First Industrial Realty Trust Inc. in Chicago, Ill. (NYSE:FR) and California State Teacher’s Retirement System (CalSTRS) in West Sacramento, Calif. The transaction was brokered through Brent Moser, Mike Sutton, Brooks Griffith, Mike Haenel, Andy Markham and Will Strong of Cassidy Turley BRE Commercial in Phoenix. Sunbelt Land Holdings is owned by the Mann family of Carlsberg, Germany (Johnannes Mann, et al., members). BREW has previously reported Sunbelt Investment Holdings and Sunbelt Management Co. (both entities owned by the Manns) buying and selling several real estate properties in the Phoenix area. Continue reading
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