Inc. recently sold for $135 million, or about $112 per square foot.
"When the capital markets started getting a little choppy, as interest rates started to rise earlier this year, that definitely caused some very active investors to put their pencils down for a little bit," Sonnenberg told the Business Journal."When we put it on the market, we got less offers than maybe a building that was sold a year ago, but it was quality buyers who were serious.
"We knew cash buyers would be less impacted by the rising interest rate environment, so we were able to pretty quickly narrow the list down," he added."LaSalle is one that has one of the best reputations in the country in that category."The Cubes at Glendale is a 335-acre industrial park with speculative and build-to-suit industrial projects. At full build-out, the facility will total 5.
"That leaves us with about 108 acres of development-ready land," he said."We're just finishing up all of the infrastructure for the park, all the road widenings, utilities, all of that is completed for the entire master development."The acquisition of the 75-acre Williams-Sonoma property marks one of the highest industrial sales this year as investment continues to increase in the Phoenix metro.
In the second quarter of this year, Colliers International's industrial report said that investment sales volume was double the sales volume for the same quarter last year. Q2 of 2022 ended at $1.39 billion in sales volume for the Valley.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Phoenix Sky Harbor Airport receives $194M from feds for new taxiway - Phoenix Business JournalPhoenix Mayor Kate Gallego, along with U.S. Rep. Greg Stanton and Mitch Landrieu, an adviser to President Joe Biden and the infrastructure coordinator for the White House, announced that Sky Harbor will receive $194 million over the next five years to build a new taxiway. Meanwhile my son's school is asking parents for donations 🤦♂️ Give us rail service
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »
Former Phoenix photography studio slated for neighborhood market, not chicken restaurant - Phoenix Business JournalThe iconic Duke Photography building was slated to be turned into a fast-food restaurant. After residents opposed the project, the developer teamed up with a local architecture firm to turn the aging building into a neighborhood amenity. The architect spoke to the Business Journal about their vision for the new market.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »
Trulieve set to open newest Arizona cannabis dispensary - Phoenix Business JournalThe company said it plans to begin rebranding all of the existing Harvest Health dispensaries across the state that it acquired in 2021 when it bought the Tempe-based cannabis business.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »
Heritage Battery Recycling proposes Pinal County facility - Phoenix Business JournalThe facility will process lithium-ion end-of-life batteries and battery manufacturing scrap, with additional services including disassembly and diagnostic testing. It's the company's second location in the Valley.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »
Attorneys: Remote work may be a benefit, but not a requirement - Phoenix Business JournalOne Valley attorney points out that employers pretty much have the upper hand when their workers don't want to come into the office, while another sees some form of remote work flexibility is likely to be a fixture of the employment scene in the future. Here's what else they had to say.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »