CORFAC News

Contact: Jason Price
Commercial Properties, Inc.
480-214-1107
jprice@cpiaz.com

Tempe, AZ (February 21, 2014) - Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 31,682 SF industrial property located at 3195 E 36th Street in Tucson Arizona.  Chad Ackerley of CPI's Tempe Office represented the new owner, Hercules Capital, the parent company of Hercules Industries from Denver, Colorado.  Hercules Industries manufactures and distributes high-end HVAC equipment and sheet metal, and is one of the largest of its kind in the Western and Midwestern regions of the United States.

According to Chad Ackerley, "Increasing the footprint four times its current 8,000 square foot location, indicates the future growth Hercules sees for the construction Industry in Tucson."  The seller, Horizon Relocation Services, a local moving company, was recently acquired after being family run for 90 years in Tucson by Suddath Relocation Systems in Jacksonville Florida.  Steve Cohen of Cushman & Wakefield represented Horizon in the transaction. 

The sale was valued at $1.7 million ($53 PSF) with 2.6 acres.  Chad Ackerley may be contacted for additional information at 480.889-2570 or cackerley@cpiaz.com.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI's listings include more than 55.5 million square feet for sale/lease, and 130 projects under property management, totaling more than 4.5 million square feet. Please visit our web site at www.cpiaz.com.