X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHANDLER, AZ-CASY Country Day School is expanding in the East Valley with the purchase of a 10,704-sf former Sunrise Preschool building. The educational institution, catering to pre-school and elementary-age children, acquired the freestanding building from Wells Fargo Bank for $1.2 million.

Located at 550 W. Warner Rd., the building has been vacant about eight months, but the new owner expects to reopen doors in January 2006, says James Harper, a senior associate with Trammell Crow Co.’s Phoenix office. He represented CASY Country Day School in the acquisition. John Barnes of Colliers International’s Phoenix negotiated on the seller’s behalf.

Harper tells GlobeSt.com that he’s been eyeing the building for some time. “It was empty for so long because it wasn’t available for purchase,” he says. “Once it came on the market for sale, we jumped on it.”

CASY Country Day School, which has three others locations in the Valley, was looking for a site in Chandler or Gilbert, according to Harper. “This building was a perfect fit for their requirements,” he says, adding it had ready-to-go classrooms, playground and bathrooms outfitted for children. “It just needs some clean-up because it’s been vacant,” he 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.