{"id":1004190707,"date":"2017-09-18T03:09:56","date_gmt":"2017-09-18T11:09:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190707"},"modified":"2022-12-08T14:04:27","modified_gmt":"2022-12-08T22:04:27","slug":"phoenix-industrial-portfolio-trades-for-12m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-industrial-portfolio-trades-for-12m\/","title":{"rendered":"Phoenix Industrial Portfolio Trades for $12M"},"content":{"rendered":"<p><em>By Tudor Scolca<\/em><\/p>\n<div id=\"attachment_1004190723\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/stein-koss-and-tom-louer.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190723\" data-attachment-id=\"1004190723\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-industrial-portfolio-trades-for-12m\/stein-koss-and-tom-louer-800x620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/stein-koss-and-tom-louer-800x620.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"stein koss and tom louer\" data-image-description=\"&lt;p&gt;Headshots of Principals Stein Koss and Tom Louer of Lee &#038; Associates Arizona&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Headshots of Principals Stein Koss and Tom Louer of Lee &#038; Associates Arizona&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/stein-koss-and-tom-louer-800x620.jpg?w=800\" class=\"wp-image-1004190723 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/stein-koss-and-tom-louer.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" \/><\/a><p id=\"caption-attachment-1004190723\" class=\"wp-caption-text\">Headshots of Principals Stein Koss and Tom Louer of Lee &amp; Associates Arizona<\/p><\/div>\n<p>Lee &amp; Associates brokered the sale of a seven-building industrial portfolio in Phoenix. A California-based partnership, Luke Marley LLC, bought the properties for $12.5 million from Delcor LLC. Principals Stein Koss and Tom Louer of Lee &amp; Associates represented both parties in the transaction. Earlier this year, the firm won a leasing and management contract for Maryland Corporate Center, a 224,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/lee-associates-won-management-contract-224-ksf-office-center\/\">office building in Lanham, Md.<\/a><\/p>\n<p>The industrial assets are currently fully leased for five years to Horizon Distributors Inc. \u201c<em>If these properties became vacant, they would garner prospective tenant interest because they each have fenced and paved yards, are strategically located and offer proximity to a freeway,<\/em>\u201d said Koss in a prepared statement. The portfolio, totaling 95,836 square feet on 12.95 acres of land, consists of:<\/p>\n<ul>\n<li>8746 W. Kelton Lane, Peoria comprising 8,750 square feet on 1.25 acres;<\/li>\n<li>15517 N. 77th St., Scottsdale\u00a0comprising 8,750 square feet on 1.26 acres;<\/li>\n<li>4055 W. Saturn Way, Chandler\u00a0comprising 5,300 square feet on .86 acres;<\/li>\n<li>201 W. Juanita, Mesa\u00a0comprising 9,924 square feet on 1.97 acres;<\/li>\n<li>5214 S. 30th St., Phoenix\u00a0comprising 42,138 square feet on 5.10 acres;<\/li>\n<li>41802 N. Vision Way, Anthem\u00a0comprising 10,009 square feet on 1.31 acres;<\/li>\n<li>4740 N. La Cholla Blvd., Tucson\u00a0comprising 10,965 square feet on 1.2 acres.<\/li>\n<\/ul>\n<p><em>Image courtesy of Lee &amp; Associates<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lee &amp; Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years. <\/p>\n","protected":false},"author":1284,"featured_media":1004190723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1601,15],"tags":[32762,37589],"class_list":["post-1004190707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-phoenix","category-west","tag-lee-associates","tag-tom-louer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix Industrial Portfolio Trades for $12M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-industrial-portfolio-trades-for-12m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Industrial Portfolio Trades for $12M\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; Associates brokered the sale of seven industrial assets totaling 95,000 square feet. 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