PHOENIX ARIZ. – October 30, 2018 – CBRE has arranged the sale of a four-building industrial/office property located at 4600 and 4610 W. Camelback Road in Glendale, Ariz. Houston-based Waste Management Inc. purchased the property, which totals 63,400 square feet and sits on 12.74 acres, from Phoenix-based Total Transit Inc.
CBRE’s Pat Feeney, Dan Calihan, Rusty Kennedy and James Cohn represented the seller in the transaction. Chris McClurg, Ken McQueen and Brian Payne with Lee & Associates represented the buyer in the transaction.
The property was formerly Total Transit’s corporate headquarters, and it encompasses two dedicated office buildings totaling 28,400 square feet, a 30,000-square-foot warehouse/distribution center and a 5,000-square-foot canopied auto repair/service facility. The property also offers convenient access to the BNSF railway via a rail-loading dock. Additional property features include rooftop solar panels, three grade-level loading doors and proximity to nearby Grand Avenue and Interstates 17 and 10.
“4600 and 4610 W. Camelback Rd. presented users with a rare opportunity to acquire a centrally located move-in ready training facility with existing office and warehouse space,” said CBRE’s Feeney. “The property is also located in a highly residential area with both single-family and multifamily housing options nearby, which met one of Waste Management’s core requirements and ultimately helped close this deal.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.