Sacramento-based Buzz Oates Group of Cos. is developing thethree properties and will have them completed within 12 to 18months, Jim Wentworth Jr., principal of Phoenix-based WentworthProperty, tells He says the first closing is scheduledfor the second quarter when the partnership gets the deed to a575,074-sf building at 7210 W. Van Buren St. and 71st Avenue.Subsequent closings will be held for a 1.2-milllion-sf developmentat the intersection of 75th Avenue and Roosevelt Street, which is ahalf-mile northwest of the upcoming purchase, and a 682,291-sfbuilding, which is situated just a couple minutes away at thejunction of 75th Avenue and Durango Street.

"The Southwest Valley is the ideal spot for these types ofbuildings. We like the buildings that Buzz Oates builds and we likethe proximity of these buildings to I-10," Wentworth explains.

Jim Wilson, a senior director for Cushman & Wakefield ofArizona Inc., is handling the transactions between Buzz Oates andWentworth. C&W also has the portfolio leasing assignment, whichhas been dubbed the Fowler portfolio because the distributioncenters are situated within the Fowler School District.

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