North Delaware Investors, an entity formed by Kett Engineeringof Mesa, took over the 3135 N. Delaware building from ResourceBuilding Solutions of Phoenix in a $986,062 deal in a dual-prongedmove for a new home and an investment property.

Pete Klees, an industrial professional with Grubb &Ellis|BRE Commercial, tells that Kett Engineering willmove from 2628 W Birchwood in Mesa to the property. The plan is tosubdivide two remaining bays into 3,800-sf and 6,500-sf office andwarehouse condos for resale to small businesses.

The property has been vacant since it was built about 18 monthsago, said Klees, who represented the buyer in the transaction. Theseller was self represented.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.