Eaton Freeway Industrial Park Sells For $7.8 Million
19 Sep, 2007, Tempe, AZ
Eaton Freeway Industrial Park, a four-building commercial project, has sold for $7,825,000.
The park’s buildings are located at 2502 W. Huntington Dr., 2507 W. Geneva Dr., and 3020-3030 S. Park Dr. The project was purchased by Gilbane Development Company of Providence, RI. It was sold by G REIT, Inc. of Santa Ana, CA.
Eaton Freeway Industrial Park contains 62,163 square feet of industrial space and was constructed in the mid-1980s. It is currently 100 percent occupied by a variety of tenants. The property is situated just five minutes from Sky Harbor International Airport and offers appealing freeway access.
“Gilbane Development Company was attracted to the impressive tenant mix and term of this property,” says Brian Ackerman, director of Cushman & Wakefield of Arizona, Inc. “The superior location and it’s proximity to Sky Harbor International Airport create appeal for both tenants and the buyer.”
Ackerman, Chris Toci, James Greaves and Ted Harrison of Cushman & Wakefield represented the seller in the transaction. The buyer was self-represented.
Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 201 offices in 55 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.
Contact: Robin Vitols (602) 957-8844