Developer Purchases 10 Acres In Tolleson For Construction Of Industrial Buildings
31 Aug, 2007, Tolleson, AZ
Seefried Properties, Inc. of Atlanta has purchased 10.25 acres of land at the southwest corner of 83rd Avenue and Van Buren for a price of $3,337,000.
The developer plans to create an industrial complex on the property, which will contain two buildings totaling approximately 156,000 square feet. The schedule calls for construction to begin in January and occupancy to be available mid-2008.
“This was a great acquisition for Seefried. It is their first in the Phoenix market,which made it important to find a site that they could build on quickly. We identified an entitled site, with excellent access to the I-10 freeway, within a very cooperative municipality. It fits in well with Seefried’s development plan,” says Paul Tuchin with Cushman & Wakefield of Arizona, Inc.
Seefried Properties, Inc. purchased the land from General Development Co. of Southfield, MI.
Tuchin, D.J. Mahoney and Rob Stephens of Cushman & Wakefield represented Seefried Properties, Inc. in the acquisition. The seller was self-represented.
Rob Stephens and Jeff Stapley of Cushman & Wakefield will serve as exclusive leasing agents for the new development.
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