An infill last-mile logistics company in Tempe has traded hands for $16.2 million or $127 per square foot. MRM Tempe sold the property to an unnamed partnership located outside of the state.
Located at 8210 S. Hardy Dr., the 128,000-square-foot building was constructed in the late 1990s as a built-to-suit project. It has remained 100% occupied by the same company since delivery, an express transit company.
JLL SVP Tivon Moffitt and Peter Bauman, and EVP Steve Larsen, represented the building seller in the deal.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
