December 22, 2024 10:52 am
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Koll Co. buying vacant distribution center on west side in $29 million deal

Phoenix – In what will be its first Valley investment in five years, The Koll Co. in Newport Beach, Calif. (Samuel DePoy, pres.) has agreed to acquire a 682,291-square-foot distribution building located near the northeast corner of Durango Street and 75th Avenue in Phoenix. The vacant project was developed in 2010 by Buzz Oates Enterprises Arizona in Phoenix (Doug Barkdull, principal). Sources say a company formed by Koll will pay roughly $29 million to buy the property from Buzz Oates in a deal set to close this quarter. The sale is being brokered by Bo Mills and Mark Detmer of Jones Lang LaSalle in Phoenix. For the past 20 years, BREW has reported The Koll Co. developing, buying and selling office and industrial properties in the Phoenix area. The company presently owns more than 700,000 sq. ft. of office and industrial space in seven projects located in the Valley. Continue reading

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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.