(Read more on the industrial market.)
PHOENIX-A Champaign, IL-based developer has acquired 37 acres todevelop up to 500,000 sf of build-to-suit industrial buildings. TheSouthwest Valley land has cost $8.2 million.
"They liked the location," explains Gary Anderson, first vicepresident with locally based Grubb & Ellis/BRE Commercial LLC."It's in the Riverside Tax District and it's near the future 202loop that's on track to connect with I-10. It's a good location forindustrial-type users interested in the area." Becknell DevelopmentLLC has bought the land from a local investment group, 59th Ave.& Lower Buckeye LLC.
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