Eighty Acres Purchased by Joint Venture, 1M SF Distribution Facility Planned

VIZZDA – 9/4/2013—A venture formed by Wentworth Property Company and Texas-based Crow Holdings closed on 83.15 acres of commercial land at the northwest corner of 59th Avenue & Van Buren Street in Phoenix—just a half-mile South of the I-10. City zoning officials report no site specific plans have been approved but an earlier submittal from 2011, which was resubmitted in 2013, describes a multi-phase distribution project totaling 1.162M SF in three buildings, referenced here.

 

The property was purchased for $11,949,704 or $3.30 per gross square foot; El Dorado Holdings who had previously acquired the site for $4.06M on November 8th, 2010. 

Call VIZZDA today for detailed information on planning data, historical purchases, financing structures, and more. We can deliver accurate insight on any property in Maricopa or Pinal.

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