10.5 Acre Chandler Parcel Trades for $3.2M, Industrial Buildings Planned

CHANDLER, Ariz. - Dec. 10, 2014 - PRLog -- A 10.5 acre parcel near the intersection of Arizona Ave. and Willis Rd. in Chandler has sold for $3,202,437 or $7.00 per sq. ft. The new owners plan to develop the parcel into two multi-tenant industrial buildings.

Matt Hobaica, Principal with Lee & Associates, represented his client Jim Chamberlain of Chamberlain Development, LLC. of Tempe. Hobaica, Matt Fredrick and Kurt Saulnier will market the spec. development project. The sellers were Siebe and Eileen Hamstra of Chandler.

The Willis/AZ Avenue Corporate Park will be developed by Sun State Builders and is affiliated with Chamberlain Development. The 139,735 SF project calls for two divisible buildings (75,217 SF and a 64,518 SF) that feature 24’ clear height, 10’ x 10’ dock doors, 12’ x 14’ grade level doors, ESFR fire sprinklers and fenced truck courts. Delivery is targeted for summer 2015.

The corporate center is in the center of Chandler’s burgeoning high-tech corridor off the Loop 202 and Arizona Ave.

For more information:

Matt Hobaica, Principal
602.954.3755, mhobaica@leearizona.com

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Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.