{"id":1004492770,"date":"2020-11-13T07:57:09","date_gmt":"2020-11-13T15:57:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004492770"},"modified":"2020-11-13T07:57:09","modified_gmt":"2020-11-13T15:57:09","slug":"family-office-buys-phoenix-industrial-asset-for-14m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/","title":{"rendered":"Family Office Buys Phoenix Industrial Asset for $14M"},"content":{"rendered":"
\"\"<\/a>

747 and 777 West Pinnacle Peak. Image courtesy of CBRE<\/em><\/p><\/div>\n

San Francisco-based family office Catalyst Real Estate has acquired Desert Gateway II, an industrial property in Phoenix, for $13.5 million. CBRE represented the buyer in the off-market acquisition from a private investor. The broker also secured acquisition financing. According to public records, Nationwide Life Insurance Co. provided the borrower with $6.7 million loan.<\/p>\n

Completed in 2018, the property comprises two multi-tenant buildings totaling 36,004 and 40,870 square feet. The Class A asset features 20-foot clear height, 12- by 14-foot overhead doors and air conditioning throughout the office and warehouse space. Suites range from 2,252 to 6,778 square feet.<\/p>\n

Located at 747 and 777 West Pinnacle Peak Road, the property is located 18 miles north of Downtown Phoenix, within 2 miles of Interstate 17 and adjacent to Cutter Aviation Deer Valley Airport.<\/p>\n

CBRE’s Mark Shaffer, Geoff Turbow and Anthony DeLorenzo represented the buyer, while the brokerage’s finance team consisted of Jim Korinek, Shaun Moothart, Dana Summers, Doug Birrell and Bob Ybarra. Recently, DeLorenzo represented the seller<\/a> of Stewart Plaza, an 84,498-square-foot medical office campus in Upland, Calif. Harbor Associates and The Bascom Group acquired the asset for $10.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE brokered the deal and secured acquisition financing on behalf of San Francisco-based Catalyst Real Estate.<\/p>\n","protected":false},"author":868,"featured_media":1004492794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[32789,33583],"class_list":["post-1004492770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-cbre","tag-nationwide-life-insurance-company"],"acf":[],"yoast_head":"\nFamily Office Buys Phoenix Industrial Asset for $14M - 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\/family-office-buys-phoenix-industrial-asset-for-14m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Office Buys Phoenix Industrial Asset for $14M\" \/>\n<meta property=\"og:description\" content=\"CBRE brokered the deal and secured acquisition financing on behalf of San Francisco-based Catalyst Real Estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T15:57:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1822\" \/>\n\t<meta property=\"og:image:height\" content=\"1367\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/\",\"name\":\"Family Office Buys Phoenix Industrial Asset for $14M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg\",\"datePublished\":\"2020-11-13T15:57:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg\",\"width\":1822,\"height\":1367,\"caption\":\"747 and 777 West Pinnacle Peak. Image courtesy of CBRE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Family Office Buys Phoenix Industrial Asset for $14M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\",\"name\":\"Sergiu Inizian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g\",\"caption\":\"Sergiu Inizian\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Family Office Buys Phoenix Industrial Asset for $14M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/","og_locale":"en_US","og_type":"article","og_title":"Family Office Buys Phoenix Industrial Asset for $14M","og_description":"CBRE brokered the deal and secured acquisition financing on behalf of San Francisco-based Catalyst Real Estate.","og_url":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-11-13T15:57:09+00:00","og_image":[{"width":1822,"height":1367,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg","type":"image\/jpeg"}],"author":"Sergiu Inizian","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/","url":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/","name":"Family Office Buys Phoenix Industrial Asset for $14M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg","datePublished":"2020-11-13T15:57:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg","width":1822,"height":1367,"caption":"747 and 777 West Pinnacle Peak. Image courtesy of CBRE"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/family-office-buys-phoenix-industrial-asset-for-14m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Family Office Buys Phoenix Industrial Asset for $14M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a","name":"Sergiu Inizian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b7d8372f9eadc9bebc87c14d0e66818c9440b37b6a497cf451851469b8741a4b?s=96&d=mm&r=g","caption":"Sergiu Inizian"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/sergiui\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/747-and-777-West-Pinnacle-Peak-e1605263243911.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/868"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004492770"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492770\/revisions"}],"predecessor-version":[{"id":1004493025,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492770\/revisions\/1004493025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004492794"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004492770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004492770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004492770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}