Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-A tenant has turned into the owner of two manufacturing buildings with the $2.9-million sale of the 105,000-sf property.

GRT Land Co. LLC picked up Aztec I and II at 110 and 111 S. 41st Ave. in Phoenix in a deal that gave its affiliate, ITC Manufacturing Co., a maker of retail rack systems, a permanent home in a building it had occupied for several years. “They needed to own the asset and were able to work with the owner to create a win-win” situation, Tony Lydon, an industrial adviser for Grubb & Ellis

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.