So. Calif. investor spends $14.7M for newly built logistics center in Phoenix

Canal Crossing Logistics Center

Canal Crossing Logistics CenterBy Business Real Estate Weekly

A company formed by Bixby Land Co. in Irvine, Calif. (William Halford, pres.) paid $14.7 million ($94.62 per foot) to buy a 155,351-square-foot distribution building within the Canal Crossing Park industrial project located at 5670 S. 32nd Street in Phoenix. The seller was Conor Globe-Canal Crossing LLC, a venture formed by Conor Commercial Real Estate in Phoenix and Globe Corp. in Scottsdale (George Getz, principal).

The deal was brokered by Allen Lowe and Jeff Conrad of Lee & Associates Arizona Inc. in Phoenix and Chris Toci and Chad Littell of Cushman & Wakefield of Arizona Inc. in Phoenix. Maricopa County records show Bixby SPE Finance 6 LLC acquired the project in a cash transaction. The institutional grade, dock-high structure is 70 percent occupied. Lowe and Conrad have been leasing the newly-built facility and will continue with that assignment.



Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.