MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,319-SF NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Carl’s Jr., a 3,319-square-foot net-leased property located in Goodyear, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,780,000. Chris Lind,…

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HINES ACQUIRES SOUTHWEST INDUSTRIAL CENTER ON WEST BUCKEYE

Hines, the international real estate firm, announced today that it has acquired the Southwest Industrial Center, a Class A industrial park located in the heart of the Southwest Valley submarket in Phoenix, from Hillwood Property Trust. Financials on the deal were not disclosed. The project consists of a 684,000-square-foot, 32’ clear logistics warehouse and an adjacent development…

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