Sales Transactions
1. Courtesy RE of Tucson LLC acquired the approximately 113.3KSF Watson Chevrolet and Infiniti of Tucson dealership property at 625 W. Auto Mall Dr., Tucson, for $29.5M. Watson Chevrolet Inc. was the seller. Courtesy Automotive Group, represented by Pinnacle Mergers & Acquisitions’ Bill Scrivner, acquired the property as an owner-user and will operate the dealerships as Courtesy Chevrolet of Tucson and Courtesy Infiniti of Tucson.
2. RED Development purchased the approximately 28-acre Canyon Commerce Center site near Interstate 17 and Thunderbird Road in north Phoenix for $28.59M. The property, previously owned by Dimension Financial & Realty Investments, currently includes two vacant office buildings totaling more than 500KSF and is planned for an office-to-industrial conversion. Ray Cashen of Cashen Realty Advisors represented both the buyer and seller.
3. 5C AI recently acquired an industrial building at the NWC of McDowell Road and 27th Avenue in Phoenix for $22.75M from Hanson Capital Group. The company plans to turn the 113.4KSF warehouse into a data center…