Colliers International in Greater Phoenix recently completed two building sales with a combined total of $6.73 million for AZ Partsmaster, a supplier of home and property maintenance supplies.
AZ Partsmaster of Phoenix purchased a design build facility at 7125 West Sherman Street in Phoenix for $4.9 million from Sun State Builders of Tempe. This transaction was brokered by Payson MacWilliam and Don MacWilliam, both executive vice presidents for Colliers International.
“With the economy rebounding, Partsmaster committed to the project and doubled the size of its operation,” said Payson MacWilliam.
The 73,536-square-foot build-to-suit, on 4.2 acres, is three miles west of Partsmaster’s previous location.
The MacWilliam brothers also assisted JJSM Real Estate Fund LLC of Scottsdale in purchasing the former Partsmaster property, located at 15 North 57th Drive in Phoenix, for $1.83 million from JD Partsmaster LLC of Phoenix.
The 34,567-square-foot industrial building is situated on 1.83 acres of land, south of Van Buren between 59th Avenue and 57th Drive. The buyer will use the property for manufacturing.
AZ Partsmaster is a full line maintenance supplier of HVAC, appliances and repair parts, electrical and lighting supplies, general maintenance supplies, and garden, plumbing and pool supplies. The company services industry professional and individuals.