11/25/2008

Denver firm buys space in Phoenix distribution building

by
WT Cobblehill of Denver has purchased almost one-third of Washington Airport Center, a 244,768 square foot cross-dock distribution building in central Phoenix, for $8.89 million.

The seller, LNR Property Group, was represented by CB Richard Ellis. Carter Real Estate represented the buyer.

The space currently is occupied by Sara Lee Bakery Group, which operates a just-in-time distribution facility for its baked goods.

Washington Airport Center, at 3425 E. Van Buren St. near Sky Harbor International Airport, is being offered as industrial condominiums, divisible into 13,192 square foot spaces. An additional 88,050 square feet of cross-dock distribution space also is available.

Address: 3425 E. Van Buren St., Phoenix, Ariz.

Size: 74,268 square feet

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Filed Under: Industrial

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