Norte at Chandler. Picture courtesy of Cushman & Wakefield
United Realty M.T.A. has bought an 85,979-square-foot workplace constructing in Chandler, Ariz., in metro Phoenix, for $17.2 million.
Alidade Capital was the vendor, in line with CommercialEdge knowledge. The corporate had acquired the asset for $15.3 million in 2019 from Rockefeller Group, the identical supply exhibits. The 2019 sale was a part of a $26.3 million portfolio transaction, additionally comprising 100,243 sq. toes of commercial area at Chandler Crossroads – Constructing 1.
Accomplished in 2016, Norte at Chandler encompasses a single-story constructing with metal body development and masonry exterior. The property consists of 515 parking areas.
Cushman & Wakefield brokered the transaction. A crew comprising Alexandra Loye, Mike Coover, Eric Wichterman and Steve Lindley represented the vendor.
Tenants on the Class A property embody Enterprise Holdings, in addition to a big semiconductor firm. The constructing was 70 p.c leased on the time of the transaction. Wichterman mentioned in ready remarks that a number of tenant prospects confirmed curiosity in leasing the free area in the course of the sale.
Norte at Chandler is situated at 4100 W. Galveston St. The constructing sits on a 7.9-acre web site, having easy accessibility to Interstate 10, Loop 202 and Loop 101.
