DONE DEAL: Development site sold in Surprise

_{Rendering via Cushman & Wakefield}

By AZRE

Cushman & Wakefield has arranged the sale of a fully entitled ±11.65-acre industrial development site in Surprise (Phoenix), Arizona. Echo Real Estate Capital, Inc. acquired the land in Surprise located at 132nd Avenue and Peoria Avenue where it plans to build Echo Park @ P132, four new single-tenant industrial buildings totaling 182,610 square feet. Echo purchased the land for approximately $7.1 million in Phoenix’s expanding West Valley. The general contractor for the project is Premier Design + Build.

Cushman & Wakefield’s Will Strong, Phil Haenel, Kirk Kuller, Molly Hunt, and Katie Repine of the firm’s institutional and private capital groups represented the seller, Cohen Asset Management, in the sale of the land in Surprise.

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September 12, 2023

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