Merit Partners working with First Industrial to develop 21.2-acre distribution center in Tolleson

By Business Real Estate Weekly

First Industrial Realty Trust Inc. in Chicago, Ill. (NYSE:FR) is teaming up with Merit Partners Inc. in Scottsdale (Kevin Czerwinski, principal) to develop a 386,100-square-foot distribution facility in Tolleson.

The 21.2-acre site is located at the northwest corner of 94th Avenue and Buckeye Road. Maricopa County records show First Industrial L.P. paid $4.141 + million ($195,388 per acre) to buy the land in a cash transaction. The seller was Chamberlain Holdings LLC in Tempe (Jim Chamberlain, principal).

The deal was brokered through Payson MacWilliam, Don MacWilliam and Jimmy Leaf of Colliers International in Phoenix, and Andy Cloud of DTZ in Phoenix. Winton Architects Inc. in Phoenix is designing the cross dock building. Construction to get started immediately with completion expected by year-end.

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May 1, 2015

distribution facility, First Industrial Realty Trust Inc., Merit Partners Inc., Tolleson

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Merit Partners working with First Industrial to develop 21.2-acre distribution center in Tolleson

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Merit Partners working with First Industrial to develop 21.2-acre distribution center in Tolleson

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