Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Wild Goose Enterprises, an investment group from Washington, has purchased a 13,000-sf industrial building at 2631 N. 37th Dr. in Phoenix for $635,000.

Mark Linsalata of Phoenix’s Lee & Associates Arizona represented the seller, Guenther Trust, in the transaction. Gene Reetz of the Phoenix office of Remax Commercial brokered the deal on the buyer’s behalf.

Linsalata tells GlobeSt.com that it took about six months to sell the 13-year-old building. Guenther Trust was seeking $650,000 at the onset of the listing. Negotiations brought the selling price within a mere $15,000, says Linsalata. He says Guenther Trust owned the building for about five years and was selling it in the normal shifting of a significant portfolio.

Brown’s Part Master of Phoenix is the building’s sole tenant. It is a distributor of plumbing parts.

In an unrelated deal, Berrier & Clerke Construction leased 3,384 sf of industrial space at Harbor View Business Park at West First St. in Tempe. T.J. Swearengen and Jeff Conrad, both with Lee & Associates Arizona, represented the building owner, the Marjorie Jeter Trust. Lee & Associates’ Chris McClurg spoke for the tenant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.