Cassidy Turley completed the sale of ±3.97 acres of industrial land located south of the SWC of 48th Street and Washington Street on Thursday. Papago Tech, LLC (Moshe Family Trust) purchased the property for $900,000 ($5.20/PSF) from Pacific Western Bank. Cassidy Turley Arizona’s Rick Danis, Paul Boyle and Steve Mardian negotiated the sale transaction representing the seller. Adam Tolson and Chris McClurg of Lee & Associates represented the buyer.
Papago Tech, LLC plans to develop the property and construct a 60,000-square-foot building. LGE Design Build will manage the construction of the entire project.