April 24, 2024 12:54 pm
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ViaWest Group buys 10 acres near Sky Harbor for $4.575M

By AZRE | AZ Big Media

ViaWest Group announced today that is has purchased 10 acres of land near Sky Harbor International Airport for $4,575,000. The parcel is located at the northwest corner of S. 48th St and the San Fran Canal and is in a Federal Qualified Opportunity Zone. This is ViaWest Group’s third OZ purchase in the last two years and the company continues to pursue additional industrial, office, multifamily, and land deals in the Southwest U.S.

ViaWest plans to build a class A industrial building on the land, Airport48 Industrial. Construction is set to begin Q3 of 2021 with a delivery of Q2 2022. There are currently two prominent, freeway-facing billboards that will remain onsite. The building will be approximately 146,500 sf, have an internal clear height of 28’, onsite trailer storage capacity, dock-high and grade level loading, and will have high divisibility optionality.

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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.