Jackie Day is editorial director of
Real Estate Media's Newsletter Division
PHOENIX-Silagi Development & Management of Thousand Oaks, CApurchased 28.9 acres in the West Valley for industrial development.The company paid nearly $3.9 million for the 7102 W. Roosevelt St.land, where it plans to develop a 600,000-sf industrial buildingcomplex, according to reports from Grubb & Ellis/BRECommercial.
Sam Sorenson of Sorenson & Blake represented the buyer.Phoenix brokers Tony Lydon, Gary Anderson and Steve Mardian, allwith Grubb & Ellis/BRE, negotiated for the seller, 7102 W.Roosevelt LLC. Details on the transaction were not available bypublication time.
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