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Follow on Google News | Spec Industrial Project To Rise From $2.35 Million Land Sale in PhoenixBy: Lee & Associates The property was previously occupied by the Phoenix Brickyard. The Brickyard has operated at this location since the mid 1930’s. There are 16 structures on the property that will be razed to make way for Parc 17. Plans for the A2-zoned project include one multi-tenant industrial building at 101,000 SF with divisibility to 12,000 SF and two single tenant buildings, 44,600 SF and 32,000 SF with private, gated storage yards. Development costs are projected at $14.5 million. Ground breaking is scheduled for year-end 2014 with completion in summer 2015. Stein Koss, SIOR and Tom Louer, SIOR, principals with Lee & Associates represented the joint venture in the purchase of this asset. The property was purchased in an all-cash transaction from Clinton Campbell Contractors, Inc. of Phoenix. "LaPour is bullish on the Phoenix market and has a great sense of identifying opportunity," The JacksonShaw/ For more information, contact the Koss/Louer Team: Stein Koss, SIOR 602.912.3520, skoss@leearizona.com Tom Louer, SIOR 602.954.3779, tlouer@leearizona.com About Us: 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. End
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