$5M+ Deal – Unico unloads nearly $40M in Phoenix commercial properties

Below are the deals that closed Friday, May 1, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

$19.425 million sale of an industrial park on the southwest corner of 7th Avenue and U.S. 60 (2110-2140 S. 7th Avenue) in Phoenix by 7th Avenue LLC, an entity of Unico, a Seattle-based real estate investor and full-service operator, focused on office and multifamily assets in the western United States, according to their website.

The buyer was White Star Fund X LLC which appears to be an entity of Boston-based TA Realty, a privately held real estate firm.

The buyer made a $4.425 down payment on the property.

To view the affidavit, click here.

 

 

$13.64 million sale of an industrial park at the southwest corner of E. Baseline Road and S. 44th Street (4401-4509 E. Baseline Road) in Phoenix by Baseline Foothills 1 LLC, also an entity of Unico.

The buyer was The Realty Associates Fund X LP, which also appears to be an entity of Boston-based TA Realty.

The buyer paid cash for three parcels totaling about 510,000 square-feet.

To view the affidavit, click here.

 

$5.55 million sale of an industrial park on the northeast corner of E. University Drive and S. 37th Street (3710 E. University Drive) in Phoenix by 3710 E. University Drive LLC, also an entity of Unico.

The buyer was The Realty Associates Fund X LP, which again appears to be an entity of Boston-based TA Realty.

They buyer paid cash for the $175,677 square-foot property.

To view the affidavit, click here.

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