Dec
12
Lee & Associates Facilitates Warehouse Sale in AZ
ByUpon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.
Parkland Center II, a 35,542-square-foot industrial warehouse, changed hands in Tempe, Ariz. Principal Matt Hobaica of Lee & Associates Arizona represented the buyer, BPG Designs. DCT Industrial, the seller, was represented by JLL. BPG acquired the asset for $3.5 million.
The property is located at 7307 S. Harl Ave., in West Tempe. Built in 1982, the warehouse sits on a 2.3-acre site. It features 103 parking spaces, grade-level loading docks and air conditioning. The building also comprises retail space facing Harl Avenue.
