 |
| Mark Detmer |
PHOENIX, AZ – JLL’s
Capital Markets experts announced the company arranged the sale of a
266,607-square-foot industrial portfolio on behalf of The Hewson Company.
TA Realty purchased the
portfolio, located in Scottsdale, Arizona and Tempe, Arizona, for $24.5
million.
Managing Directors Mark Detmer, Bo Mills and Bill Honsaker,
Senior Vice President Steve Larsen
and Vice President Ryan Sitov led
the JLL team on the transaction.
"Both the Tempe and
Scottsdale submarkets benefit from low vacancy rates and strong rental rate growth,”
said Detmer. “The quality of the assets and tenant diversity made this
portfolio an exceptional opportunity for investors.”
The portfolio is comprised
of four industrial/flex assets, located at 9160 S. McKemy St., 9185 and 9245 S.
Farmer Ave. in Tempe and 7400 E. Tierra Buena Lane in Scottsdale. The portfolio
is over 96 percent
leased to 12 tenants
across a variety of industries, including IT services, transportation,
automotive and home improvement.
.
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For more information on this news release, please contact:
Maggie Nichols
Phone: +1 312-228-3837
Email: Maggie.Nichols@am.jll.com
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