Cassidy Turley Completes $5.039 Million Sale of Roosevelt Tech Center

Canadian Investor Purchases Mixed-Use Property at Broadway Rd and Mill Ave

Published on October 01, 2013


PHOENIX, AZ – Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold Roosevelt Tech Center, a ± 60,458-square-foot mixed-use property at 528 West 21st Street in Tempe. Enright Roosevelt Tech, LP. (Calgary, Alberta) purchased the property for $5,039,162 ($83.35/psf) from RBI Industrial Properties I, LLC (Irvine, CA). Senior Managing Directors Paul Boyle and Rick Danis with Cassidy Turley’s Industrial Group negotiated the transaction for the Buyer while Tim Benson of Westmark Realty Partners represented the Seller.

Built in 1984, Roosevelt Tech Center is a one (1) story Flex/Light Manufacturing project on 4.57 acres. The property is located approximately 1.5 miles from the I-10, US-60 and Loop 202 Freeways with close proximity to the airport. The Buyer plans to hold the building as an investment property. The project was 100 percent occupied at the time of sale.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, 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 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants 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 North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Alison Melnychenko

602.224.4459

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