X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-MCO Properties LLC has acquired 3.5 acres at 4724 W. Roosevelt St .in Papago West Business Park for $360,786 from Rancho Dominguez, CA-based MurrayPlumbing & Heating Co.

The Ankeny, IA-based developer plans to construct a 30,000-sf build-to-suit facility for Oshkosh, WI-based McNeilus Truck & Manufacturing Co., which specializes in waste management products and services. The land tract is located at the northwest corner of 47th Avenue and Roosevelt Street. “This was an irregular piece of land–kind of triangular,” says Jeff Hayes of NAI Horizon who represented MCO Properties. “It sits along Interstate 10 and the signage will be visible from the freeway.”

Jeff Conrad and Allen Lowe, both with Lee & Associates Arizona’s Phoenix office represented Murray, which sold the land after deciding not to build a facility upon it. Hayes tells GlobeSt.com that McNeilus Truck will use the new building as a repair facility. The company currently is leasing space at 2602 Lone Cactus Ave. Although the exact cost of the build-to-suit has not been determined, average costs for similar buildings are $55 per sf to $65 per sf, Hayes says.

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

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.