4150 S. Riverpoint Parkway. Picture courtesy of Cushman & Wakefield
FM Industries, a producer of elements and assemblies for the semiconductor business, has bought a 132,318-square-foot industrial facility in Phoenix for $23 million. Cushman & Wakefield negotiated on behalf vendor Stonelake Capital Companions, and likewise offered leasing companies. The client will totally occupy the asset.
Situated at 4150 S. Riverpoint Parkway, the two-story manufacturing constructing consists of 24-foot clear heights, seven grade stage doorways, an HVAC and ESFR sprinkler techniques, a passenger elevator, 89,859-square-foot floorplates, a 19,400-square-foot workplace element and 664 parking spots. Inbuilt 2002, the property just lately underwent an intensive inside and exterior renovation program.
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Located on an almost 8-acre lot inside Phoenix’s Airport submarket, the concrete constructing supplies easy accessibility to interstates 10 and 17, in addition to to U.S. Route 143. The power is 4 miles from Phoenix Sky Harbor Worldwide Airport, 6 miles from downtown Phoenix, 11 miles from Scottsdale, Ariz., and inside 14 miles of Mesa, Ariz.
Cushman & Wakefield’s crew of Government Managing Director Phil Haenel and Senior Affiliate Foster Bundy negotiated on behalf of the vendor, whereas the corporate’s Vice Chairmen Mike Haenel and Andy Markham offered native market advisory.
Final week, Cushman & Wakefield additionally assisted Westcore Properties in acquiring a $73.3 million mortgage for the acquisition of an industrial campus in Waddell, Ariz. The 906,125-square-foot, two-building advanced modified palms for $93 million.
