PHOENIX—Cassidy Turley announces the saleof Superstition Commerce Park, a 15.97-acre industrial project westof the northwest corner of U.S. Highway 60 and Sossaman Road.Phoenix-based Verde Investments, Inc. purchasedthe property for $8.8 million from Delta SCP, LLC.The buyer is an owner/user and plans to occupy the project.
Cassidy Turley executive managing directors AndyMarkham and Mike Haenel and vicepresident Will Strong negotiated the transactionon behalf of the seller. Lee & Associatesrepresented the buyer.
Markham tells GlobeSt.com, "The property hasgreat freeway logistics. The submarket was a little flat, but we'veseen a demand for a medium-sized tenant like this one. There is nota lot of good product like this in that area."
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