By KTAR
PHOENIX — Earlier last month, a commercial real estate company sold three of its lots located at the Ray Road Commerce Center in Mesa for $3.2 million.
Lee & Associates principals Ken McQueen and Chris McClurg sold 10.3 acres worth of land to Wetta Ventures, a real estate development and advisory services company, according to a press release.
Wetta Ventures plans to build a 146,887-square-foot industrial warehouse, with development scheduled to begin in July of this year.
“The 10.3 acre site purchased by Wetta Ventures will offer direct freeway access and visibility to the Loop 202 freeway for industrial tenants,” McQueen said. “Complimented by abundant retail amenities along Power Road and access to skilled labor in the Mesa submarket, the location is suitable for traditional industrial users or light showroom users looking to capitalize on the freeway visibility.”
