Photo provided by ATLAS Capital Partners
By AZRE
Scottsdale-based ATLAS Capital Partners (ATLAS) has sold a prime infill parcel to the City of Phoenix for $29.58 million. The city has earmarked the land for revitalization as part of its regional Rio Reimagined initiative and the RIO PHX plan, which will promote 20 miles along the Rio Salado/Salt River corridor as a local and regional destination.
Located at 3030 S. 7th St. in Phoenix, the 29.4-acre site is currently home to a 42,469-square-foot industrial building with tenancy through 2028. The property was acquired by ATLAS in 2021 as a long-term hold investment and redevelopment opportunity.
