CORFAC News

Contact Jeff Hays at (480) 889-2552

Tempe, AZ (May 28, 2013) — Commercial Properties Incorporated proudly announces the sale of a 62,413 square-foot property located in the East Valley at 900 North Fiesta Blvd. in Gilbert, Ariz. Jeff Hays and Chad Neppl of CPI’s Tempe Office represented the buyer – MD 900 Fiesta, LLC – based in Lincoln, NE.

The seller, United States Postal Service, was represented by Dan Calihan and team from CBRE. USPS had occupied the site as a distribution facility since its construction in 1999. The site has now been leased to Air Transport Components, Inc. and will be redeveloped to meet its specific needs.

“ATC is an established company with a worldwide customer base including major airlines, parts distribution suppliers and aircraft manufacturers/aerospace companies,” said CPI Senior VP Hays. “The construction schedule will allow ATC to take occupancy effective December 1, 2013.”

The sale was listed at $2,975,000 ($47.67 per square foot).

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 over 50 brokers and occupies two offices locally. Currently, CPI's listings include more than 55.5 million square feet for sale/lease, and over 120 projects under property management, approaching 4.5 million square feet. Please visit our web site at www.cpiaz.com.