CORFAC News

Phoenix, Ariz - Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1911 W. Parkside Lane, a ±32,221 SF building in Parkside Business Center in Phoenix, AZ. Tyson Breinholt of CPI's Investment Specialists Team represented the buyer, OPNS, LLC, in this transaction.

Tyson Breinholt commented, "Parkside Business Center was a great location for the Brewer Companies (buyer) to relocate their corporate offices and main location for their growing needs. The project offers a private yard with a double truck well and plenty of growth space for further expansion in Arizona. The building has two stories of office space with ±25,000 SF of warehouse, plus storage space for shipping and receiving with a paved, fenced yard."  

The transaction resulted in $3.3 million in total consideration. The sellers, Denali National Trust were represented by Shell Commercial. Tyson Breinholt may be contacted for additional information at tbreinholt@cpiaz.com or 480.966.7513.

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 to serve clients. Currently, CPI's listings include over ±20 million square feet for sale/lease, with over 150 properties and associations under management, totaling 5.7 million square feet.  Please visit our web site at www.cpiaz.com or call 480.966.2301.