Phoenix, Ariz. – Cushman & Wakefield announced that Boston-based TA Realty purchased a building located within the Warner Commerce Park, located at 455 E. Warner Road in Chandler, Ariz., from Del Mar Partnership of Del Mar, Calif. for $5.2 million.
Bob Buckley, Tracy Cartledge and Steve Lindley of Cushman & Wakefield Phoenix negotiated the transaction on behalf of the seller.
455 E. Warner Road is the largest and newest building in the eight-building, 189,860-square-foot (SF) Warner Commerce Park. Built in 2008, the property is 50,346 SF and is currently 100% leased to Jumpstreet – an indoor trampoline park, and Gold Medal Gymnastics.
“With Warner Road frontage the property is appealing to retail-oriented tenants, but it remains a classic low-buildout warehouse facility at its core,” said Bob Buckley. “This versatility and strong intrinsic value made it a great investment for Del Mar Partnership and a very attractive acquisition for TA Realty.”
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Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.