Colliers completes $5.8M sale of flex industrial buildings
Colliers International in Greater Phoenix recently completed the sale of three showroom/flex industrial buildings in Mesa, Ariz. for $5.8 million, or $61.03 a square foot.Tucson-based Holualoa Companies purchased the buildings, located at the Superstition Springs Commerce Center, from AEW Capital Management of Boston, Mass.
Rob Martensen, SIOR, CCIM, vice president of Colliers, served as the broker for the buyer and seller. Martensen is a member of the Society of Industrial and Office Realtors (SIOR) and is a Certified Commercial Investment Member (CCIM) of the Commercial Real Estate Institute. Martensen specializes in industrial sales, leasing and land development.
The buildings, encompassing 95,035 square feet, were constructed in 2001.
“Holualoa hopes to capitalize on the recovering industrial market, specifically in the residential housing construction arena. There are few spaces available in close proximity to the new Eastmark community. Superstition Springs Commerce Center can accommodate contractors and suppliers of home-related products to supply this growing area,” Martensen said.