Chandler Parcel Sold for $1.6 million, Data Center Breaks Ground on Phase I
CHANDLER, AZ – June 14, 2012 – (RealEstateRama) — A state-of-the-art data center has broken ground recently after the purchase of 8 acres of land at 2600 W. Germann Rd. in Chandler for $1.6 million or $200,000 per acre.
Nextfort Ventures LLC is developing “Project Green Box” that is expected to total nearly 180,000 SF in two phases. Phoenix Investors #19 LLC of Tempe (an entity formed by Sunstate Builders) was the seller. Andy Ogan, Mike Garlick and Mike McQuaid, Principals with Lee & Associates represented the seller and Pete Wentis with CBRE represented the buyer. Sunstate also has been retained by Nextfort to construct the project, which broke ground in May.
“Nextfort was searching for sites in Chandler’s Price Corridor, a highly desired technology & employment corridor and Sunstate was able to deliver them the site”. “In addition, the City of Chandler went above and beyond to accommodate NextFort throughout the entitlement process,” said Ogan.
Sunstate Builders has 15 acres remaining next to Project Green Box, which is shovel ready for spec development, build to suit projects or sale. The Lee agents are marketing the site.
About Lee & Associates
Lee & Associates 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 Arizona. 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.
About Sun State Builders
Sun State Builders, is a General Contracting corporation with a wide diversity of experience in building construction. We are a progressive, growth-oriented company founded in 1973. Our projects have ranged from small offi cewarehouses to multi-million dollar industrial complexes, our clientele from private individuals to international corporations to state agencies. We have successfully completed retail centers, garden offi ces, class A offi ce buildings, and entire business parks, with one to four story structures ranging from 5,000 SF to 500,000 SF
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Matt DePinto
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Public Relations Contact
602.474.9512
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