SOLD! Tempe redevelopment site

Photo Courtesy of Cushman & Wakefield

By YourValley

A 16-acre office-to-industrial conversion redevelopment site in Tempe was recently acquired by Creation RE + PE, CrossHarbor Capital Partners and Amherst for $13.5 million.

The joint venture will be developing a brand-new, Class A shallow-bay industrial campus totaling 273,341 square feet across three buildings, a press release explained. The seller was Amherst, who will retain a co-general partner interest after previously serving as the lender on the occupied office building and foreclosed on the asset when the tenant vacated.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.