November 17, 2024 9:34 am
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Wentworth Property Company Purchases Tempe Industrial Property

Tempe Industrial

(NEWS RELEASE)

Tempe IndustrialCushman & Wakefield, a global leader in commercial real estate services, announced today that Phoenix-based Wentworth Property Company (“WPC”) purchased a ±42,281 square foot industrial property at 2077 E. University Drive in Tempe, AZ for $3.6 million. The seller was Essex Scot, LLC of Riverside, CA.

Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield negotiated the sale transaction on behalf of the buyers, WPC. Dave Johnson and Jerry Marrell with Lee & Associates represented the sellers.

Located one-half mile south of Loop 101 on University Drive, the Tempe Industrial property includes ±16,184 square feet of office and showroom space and ±26,097 square feet of warehouse space with two truckwell doors. Built in 1997, the property sits on 2.69 acres and includes parking for 79 cars.

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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.