Canadian Investor Purchases Industrial Property in Scottsdale Airpark

Published on July 09, 2012

PHOENIX  – Karp Sunbelt Properties, LLC, of Burnaby, British Columbia, Canada, purchased a 21,088-square-foot single tenant industrial building at 7879 East Beck Lane in Scottsdale, Arizona. Paul Boyle, Rick Danis and Michael Kitlica with Cassidy Turley BRE Commercial, a leading commercial real estate services provider in the U.S., completed the $2 million ($94.84 psf) sale. The seller was Phoenix-based Arizona State Credit Union.

Built in 1997 the building is fully leased to Ridgeline Energy Services, a company which applies proprietary technology to treat water generated from industrial and commercial waste water markets,  headquartered inCalgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF".

Boyle and Danis, with Cassidy Turley BRE Commercial’s Capital Markets Group, and Kitlica with Cassidy Turley BRE Commercial’s Office Services Group, represented the seller. Aaron Carson with Carson Commercial, LLC represented the buyer. For more information visit or call 602.954.9000.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions.  The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services in Phoenix through Cassidy Turley BRE Commercial. The company offers brokerage investment and advisory services in office, industrial, retail, multi-family, land and property management. The firm was ranked No. 1 in the Commercial Real Estate Brokers list of the Phoenix Business Journal’s 2010 and 2012 Book of Lists.

Alison Melnychenko


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