Trumark Real Estate Management acquires a 75,549-square-foot industrial building in Peoria, Arizona, for $20.7 million.
Trumark Real Estate Management has purchased a 75,549-square-foot multi-tenant industrial facility located at 8700 N. 91st Ave. in Peoria, Arizona. The asset, which was acquired from The Initial Development Co. for $20.7 million as part of a 1031 exchange, reached completion in 2024.
The property is fully occupied and features grade-level doors for each bay, two shared loading docks, and visibility along Loop 101. Geoffrey Turbow of CBRE represented Trumark Real Estate Management in the transaction.
The Casa Grande Planning and Zoning Commission recommended a rezoning for a 68.45-acre site at Burris Road and Gila Bend Highway to industrial use.
Marcus & Millichap brokered the $2.8 million sale of a 13,400-square-foot industrial warehouse in Phoenix.
EVelution Energy secures an $850 million offtake agreement with Mitsui & Co. to advance its planned cobalt processing facility in Yuma County, Arizona.
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