{"id":149670,"date":"2021-10-14T03:00:00","date_gmt":"2021-10-14T03:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2931974"},"modified":"2021-10-14T14:46:00","modified_gmt":"2021-10-14T14:46:00","slug":"commercial-properties-inc-is-pleased-to-announce-the-sale-of-chandler-business-center-in-chandler-arizona","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/10\/14\/commercial-properties-inc-is-pleased-to-announce-the-sale-of-chandler-business-center-in-chandler-arizona\/","title":{"rendered":"COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF CHANDLER BUSINESS CENTER IN CHANDLER, ARIZONA"},"content":{"rendered":"

\"4395<\/p>\n

October 13, 2021 \u2014 Chandler, Ariz.: <\/strong>Commercial Properties, Inc.\/CORFAC International (CPI), Arizona\u2019s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Chandler Business Center, a \u00b1106,892 square foot, industrial\/flex, multi-tenant property on a 10.63-acre site. Located at 6150 W Chandler Boulevard, the property has frontage on Kyrene Road and Chandler Boulevard, which feeds directly to Loop 101, 202, and I-10 Freeways.<\/p>\n

The Leroy Breinholt Team with Commercial Properties, Inc., represented the seller, Fullerton Properties, Inc., and the buyer, ScanlanKemperBard, a privately held investment group out of Portland, Oregon.<\/p>\n

\"Chandler<\/p>\n

\u201cThis flexible, light distribution property is situated within the growing technology hub in the Southeast Valley and offered a neighborhood center atmosphere with numerous amenities, along with a lower investment basis, compared to the costs of new construction, which made this a highly sought after asset,\u201d said Leroy Breinholt.<\/p>\n

\"Chandler<\/p>\n

Cori Sposi, of the Leroy Breinholt Team, stated, \u201cWhen we took over the leasing assignment the property was 48% occupied. We helped Fullerton Properties take this property to 100% fully leased and I believe delivering those results, along with our team\u2019s knowledge and the number of deals we\u2019ve completed in the area, positioned us well to help sell the project.\u201d<\/p>\n

\"Chandler<\/p>\n

David Bean, also on the Leroy Breinholt Team, added, \u201cFullerton Properties was very pleased with how we handled this transaction. Frank Eagan said, and I quote, \u201cThis was one of the most complicated, yet smoothest transactions we\u2019ve ever had.\u201d CPI\u2019s proactive approach, positive attitude, and marketing strategy ultimately led to the successful sale and continuation of the leasing contract with the new ownership at this amazing property.<\/p>\n

ScanlanKemperBard purchased the property for $19,100,000 \/ $178.68 per square foot<\/strong>.<\/p>\n

For additional information, please contact Leroy Breinholt, David Bean, and Cory Sposi at lbreinholt@cpiaz.com<\/a> and 480.966.6593 or dbean@cpiaz.com<\/a> and 480.214.1105 or csposi@cpiaz.com<\/a> at 480.621.4025.<\/p>\n

\"Leroy<\/p>\n

About Commercial Properties Inc.<\/u><\/strong><\/p>\n

Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and is operating throughout the Phoenix metropolitan area. Currently, CPI\u2019s listings include over 21.6 million square feet for sale\/lease with more than 207 projects and associations under management, totaling over 13.2 million square feet.<\/p>\n

CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 55 U.S. markets, and 20 international markets.<\/p>\n

Copyright \u00a9 2021 J & J Commercial Properties Inc.<\/p>\n

Tags: Industrial<\/a>, Sold<\/a>, Chandler Business Center<\/a>, Arizona<\/a>, Leroy Breinholt Team<\/a><\/p>\n

\n

Tags:<\/b>
\nReportedtimes<\/a>, IPS<\/a>, PR-Wirein<\/a>, Financial Content<\/a>, Commercial Properties<\/a>, Menafn<\/a>, Real Estate Investing<\/a>, Google News<\/a>, iCN Internal Distribution<\/a>, Wire Real Estate<\/a>, Extended Distribution<\/a>, English<\/a><\/p>\n<\/div>\n

\n

Contact Information:<\/h3>\n

Jason Price
\nCommercial Properties, Inc.
\nPhone (480) 214-1107
\nFax (480) 966-2307
\n2323 W. University Drive
\nTempe, Arizona 85281<\/p>\n

www.cpiaz.com<\/a><\/strong><\/p>\n

jprice@cpiaz.com<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

October 13, 2021 — Chandler, Ariz.: Commercial Properties, Inc.\/CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Chandler Business Center, a ±106,892 square foot, industrial\/flex, multi-tenant property on a 10.63-acre site. Located at 6150 W Chandler Boulevard, the property has frontage on Kyrene Road and […] Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-149670","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nCOMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF CHANDLER BUSINESS CENTER IN CHANDLER, ARIZONA - Business<\/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:\/\/ipsnews.net\/business\/2021\/10\/14\/commercial-properties-inc-is-pleased-to-announce-the-sale-of-chandler-business-center-in-chandler-arizona\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF CHANDLER BUSINESS CENTER IN CHANDLER, ARIZONA - Business\" \/>\n<meta property=\"og:description\" content=\"October 13, 2021 — Chandler, Ariz.: Commercial Properties, Inc.\/CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Chandler Business Center, a ±106,892 square foot, industrial\/flex, multi-tenant property on a 10.63-acre site. 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