Cushman & Wakefield Completes Sale of West 10 Business Center
PHOENIX, Dec. 21, 2017 – On behalf of Dallas-based Clarion Partners, Cushman & Wakefield completed the sale of West 10 Business Center, a 146,663-square-foot industrial building located at 4703 W. Brill Street in Phoenix. Bixby Land Company of Newport Beach, Calif. purchased the property for $9.53 million.
Cushman & Wakefield’s Phoenix top industrial investment sales broker Will Strong negotiated the transaction on behalf of the seller, CLPF-West 10 Business Center, L.P. (an entity owned by Clarion Partners).
A state-of-the-art general industrial building, West 10 Business Center, is situated on approximately 8.77 acres and is 100% leased to three quality tenants including Shurjoint, Diamond Kitchen and Bath, and Healing Solutions. The premier Class A property, located in the heart to the West Central Phoenix Industrial submarket, is a functional, multi-tenant distribution building with recent modern upgrades.
West 10 Business Center has been institutionally owned, managed, and maintained since inception by one of the largest and most active real estate owners in the U.S. The property is one of the most recognizable assets in the Southwest Valley due to its I-10 Freeway frontage, quality construction, and proximity to major freeways.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.