29 Acres of Industrial Land Sells For $7 Million in Southwest Phoenix
PHOENIX, AZ – January 16, 2012 – (RealEstateRama) — A 29-acre parcel at the SWC of 75th Ave. and Interstate 10 traded for $7,050,000.
The buyer, McClain Foods Services plans to build an approximately 200,000 SF freezer/cooler building. Construction is expected to start in 2013. EJM Development Co. of
Los Angeles was the seller.
Lee & Associates Principal Stein Koss and Mike Quint with Jackson & Cooksey of Dallas, TX negotiated for McClain, Rick Robertson and Allen Lowe on behalf of the seller.
“This facility will serve McClain’s restaurant clients in Arizona, Eastern California and as far east as El Paso, TX,” said Koss. “We looked at several markets and felt Arizona, and more specifi cally this site, would serve
their needs best.”
About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in the state. Each of the
46 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
Contact:
Stein Koss at 602.912.3520
skoss (at) leearizona (dot) com
Contact:
Matt DePinto
Senior Research Analyst
Public Media Relations
ph: 602.474.9512
mdepinto (at) leearizona (dot) com
www.leearizona.com
