X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX—In this week’s Deal-Tracker, Cassidy Turley announces the $7.4 million sale of Westwood Business Park, a Class B office development at 2222-2228 West Northern Avenue in the Northwest Phoenix Submarket. California-based LBK Trust III purchased the property from Nebraska-based MJA Holdings, LLC. Cassidy Turley executive managing director Eric Wichterman and senior vice president Mike Coover negotiated the transaction on behalf of the seller, while Edward Nelson of Marcus & Millichap represented the buyer. Built in 1981, Westwood Business Park is a 91,491 square foot office complex consisting of four two-story buildings on 5.4 acres. The property is located in the heart of North Central Phoenix west of 19th Avenue and Northern Avenue. The business park was 82% leased at the time of sale.

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.