Photo via Conor Commercial Real Estate
By AZRE | AZ Big Media
Conor Commercial Real Estate and joint venture partner WHI Real Estate Partners have sold the first phase of Lotus Project to a Chicago-based investment advisor. The newly built industrial park in Chandler, Arizona, includes four state-of-the-art advanced manufacturing and light industrial buildings. At 473,516 square feet, the asset is one of the largest Class A industrial parks in the desirable Chandler submarket. Lotus Project was approximately 96% leased at the time of sale.
“We are very excited about this transaction and are grateful to Will Strong at Cushman & Wakefield who helped the sale process move smoothly, and to Jackie Orcutt and Rusty Kennedy at CBRE for attracting such a great roster of tenants,” stated Sven Tustin, Executive Vice President of Conor’s Southwest region. “We are excited to continue our success as we move forward with the second phase of construction.”